Robert L. Aresti will retire from Windsor Locks, Conn.-based 360 Federal Credit Union at the end of November, following 26 years of leadership at the CU.
The credit union has retained Giombetti Associates of Hampden, Mass., to conduct a search for the next president/CEO.
Aresti joined the credit union as president/CEO in 1991 when it was called Hamilton Standard Federal Credit Union. Since then the credit union has gone through two name changes, grown its asset size to $230 million, expanded its field of membership via a community charter and more.
“The board would like to thank Bob for 26 years of distinguished service to 360 Federal Credit Union,” said Mark Angelica, chairman of the board, in a statement. “His years of experience in the industry have guided the credit union into the future. The fact that 360 Federal Credit Union is highly respected is due in large part to his leadership.”
According to its call reports, 360 FCU posted a net loss of about $736,000 last year, after generating net income of about $563,000 in 2015.