Velera, a large payments-oriented credit union service organization, has a new leader lined up.
The Tampa, Fla., CUSO said in a press release that Brian Caldarelli will become president and CEO when Chuck Fagan retires on Sept. 30. Fagan has led the group since the January 2024 combination of PSCU and Co-op Solutions.
Caldarelli has been Velera’s chief administrative officer.
“With our strong foundation, strategic focus on next-generation capabilities, and our award-winning culture, I believe this is the ideal time to make this transition, as Velera is well-positioned to continue to grow and accelerate innovation and long-term success for our partners,” Fagan said in the release.
“Brian’s strategic vision, experience and proven track record at Velera make him a natural choice to lead the company into its next chapter,” Fagan added. “Today’s announcement underscores our deep bench of talent and, together, we will ensure a seamless transition for all Velera clients and industry partners.”