Towpath Credit Union welcomes a new President

AKRON, OH (March 16, 2022) — Current Executive Vice President, Michael Sferro, will begin his succession of CEO Rose Bartolomucci beginning on the first of January 2022. Sferro will serve as the President of the credit union throughout 2022, as Bartolomucci will continue her service as CEO until her retirement on December 31, 2022. Sferro will then succeed her as President and CEO beginning in 2023.   

Sferro states “I am honored to have been named as the successor to our esteemed and highly respected President & CEO, Rose Bartolomucci. The opportunity to carry on the legacy she has built of rock-solid financial strength, outstanding Member service, and a best-in-class culture is something that I take very seriously and with a great deal of resolve. I will work every day to continue the legendary work Rose has done on behalf of our Members, our team, and the credit union movement.” 


Bartolomucci has been in the credit union movement since 1977 and has been President / CEO of Towpath Credit Union since 2009. She is committed to ensuring that we meet our Members’ needs and is an advocate for making a financial difference in their lives. Bartolomucci has many accomplishments, including testifying before Congress and the Ohio State House to advocate for credit union rights. Her retirement at the end of December 2022 is incredibly well-earned. 


Paul Mercer, President of the Ohio Credit Union League, offered his support of Sferro’s succession as President and CEO stating, “I wish to offer my hearty endorsement of Mike’s favorable positioning as a future credit union CEO. Simply put, I stand in Mike’s corner with great confidence that as Towpath’s chief executive he will continue his rapid rise as a top leader for both [the] credit union and the Credit Union Movement.” 


Mike Sferro has been working in financial services for nearly 22 years. Mike joined Towpath Credit Union in 2014 after departing large, commercial banks and has discovered that he’s had a deep passion and advocacy for credit unions all along. At Towpath CU, Mike began as branch manager of our Portage Lakes office, then took the role of Vice President of Lending, Senior Vice President, and finally Executive Vice President. Mike has been instrumental in Towpath CU’s growth and evolution to the modern cooperative it is today. Mike holds a bachelor’s degree from Ohio University and resides in Medina with his husband, Ryan, and their golden retriever, Deacon. 

About Towpath Credit Union

Towpath Credit Union is a not-for-profit financial cooperative that provides an effective and viable alternative to for-profit financial institutions for more than 26,000 Members. In addition to providing a plethora of financial services for their members, Towpath Credit Union strives to act as a force for positive economic and social change. With four branches in Fairlawn, Cuyahoga Falls, North Hill, and Portage Lakes, TCU serves Summit County and offers multiple forms of Membership with an asset size of $177,000,000.


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JoLene Gordon
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