Armco Credit Union executives set to retire
Butler-based Armco Credit Union is shaking up its leadership team, following the announcement of the retirement of two of its members.
Randy Cypher has been Armco’s CEO since 1990 and plans to retire this June. He will be succeeded by James Hrabosky who most recently served as executive vice president of special projects after joining the credit union in 2024.
Cypher oversaw the merger of 10 credit unions during his stint as CEO along with the opening of five branch locations. He guided the organization through significant advancements in technology and expanded financial services, growing assets from $45 million in 1989 to more than $700 million in 2026.
Adam Boosel was promoted to executive vice president, succeeding Dennis Fehl, who also plans to retire in June.
Fehl joined Armco in 2003 as operations manager and was later promoted to executive vice president in 2008 where he played a role in strengthening the organization’s operational and lending capabilities.
He spearheaded the launch of the credit union’s commercial lending department, expanding services to better meet the needs of local businesses and the community.
Boosel came to Armco in 2019 and has most recently served as assistant executive vice president, where he oversaw credit union operations and led merger initiatives.
“Randy and Dennis have provided exceptional leadership to the credit union earning the respect of our employees, members and the broader community,” John Gibson, Jr., president of the Armco Credit Union Board of Directors, said. “Their dedication, integrity and steady guidance have shaped the organization we are today and we are grateful for the strong foundation they leave behind.
“We are equally confident in Jim and Adam’s leadership and their ability to carry the credit union forward while honoring our mission and values.”
Both Fehl and Cypher will remain working through June to support the transition, ensuring continuity for the credit union’s over 43,000 members and 300 plus sponsor organizations.
