ESL Federal Credit Union names next CEO

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A leadership change is set to take place next year for Rochester-based ESL Federal Credit Union.

Faheem Masood, the credit union’s president and chief operating officer, will succeed David L. Fiedler as president and CEO. Fiedler, who has been CEO since March 2003, announced his plans to retire effective Mar. 1, 2016.

Masood has held his current job with the credit union since May 2012. He directs the personal banking, business banking, and wealth management lines of business. Masood began at ESL in 1991 as a senior financial analyst.

Since Fiedler became CEO in 2003, ESL has nearly doubled its assets from $2.6 billion to $5 billion, and has grown its membership from about 260,000 to 330,000. The credit union also grew its employee count from about 500 to more than 700.

Fiedler first joined ESL Federal Credit Union in 1997 as senior vice president and retail operations manager after working nearly 30 years in financial management at Eastman Kodak Co. In 2000, he was appointed ESL’s executive vice president and marketplace manager and elected to the board of directors.

Masood received a bachelor’s degree in economics from Allegheny College and earned an MBA from the SUNY College at Buffalo.