Velera Names Brian Caldarelli as CEO

Velera is a fintech organization serving credit unions that was rebranded after the merger of PSCU and Co-Op Solutions. Its business spans payments and related fintech infrastructure. The CEO transition is important to post-merger strategic integration and reflects the company’s plans to maintain operational continuity while pursuing further growth.

Velera said current Chief Administrative Officer Brian Caldarelli will become CEO and lead the company into its next phase. Incumbent CEO Chuck Fagan is due to step down on September 30. Caldarelli, a longtime company executive, will succeed him and continue developing Velera’s payment services and fintech infrastructure business.