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President/CEO Gioiosa Announces Retirement

After nearly 19 years of distinguished service to ARC Federal Credit Union, Victor A. Gioiosa, Jr. (Vic) announced plans to retire from his position as the Credit Union’s President and Chief Executive Officer effective April 1, 2022. They have appointed Stephen Dalecki, current Chief Operating Officer (COO) and Executive Vice President (EVP), to succeed Gioiosa. Dalecki’s selection has stemmed from a multi-year mentored leadership development program and succession planning process led by Gioiosa and the ARC FCU Board of Directors.

"Under Vic’s leadership, ARC Federal Credit Union’s assets have grown from $41 million in 2003 to $130 million. He has led us with heart and vision, and his contributions to the credit union and the community will always be valued and are worthy of admiration,” said Jack Musser, ARC FCU Board Chairperson.

Under Gioiosa’s tenure ARC FCU has grown from 9,200 members to 13,400 and is the largest credit union in Blair County, offering the most services to its members. A second office was opened in the Juniata section of Altoona in 2008, and a nine thousand square foot addition with renovation of the existing main office was completed in 2018. Over the years many new services and products were established such as Student Loans, Member Business and Commercial loans, as well as many digital services including mobile banking, mobile deposits, and online loan applications. ARC FCU also received prestigious community awards such as induction into the Blair Chamber Hall of Fame and being voted Hometown Favorite three times, in both the Bank and Credit Union categories.

Dalecki started with ARC FCU as a Penn State University intern in 2005 and then continued to develop a wide range of knowledge in financial services at the credit union. “I have worked with Steve for 17 years and I am confident he will be an excellent leader for ARC FCU,” Gioiosa stated.

“I want to congratulate Vic on his retirement and thank him for his 19 years of leadership,” said Dalecki. “I feel fortunate to have been able to be mentored by Vic for my 17 years here. I am honored and excited to have the opportunity to work with so many talented people at ARC and to continue what Vic has developed.”