Charles E. (“Chuck”) Fagan III was appointed president and chief executive officer in January 2024. In this role, he leads the strategic direction of the company and oversees all aspects of Velera’s operations, ensuring the delivery of best-in-class payments solutions, innovative technology, unparalleled service, data security, and long-term success and sustainability for the company’s Owner credit unions.

Prior to the PSCU/Co-op Solutions combination, now branded as Velera, Fagan served as president and chief executive officer of PSCU since April 2015. Under Fagan’s leadership, PSCU Owner credit unions benefited from the company’s significant revenue growth and substantial investments in technology. Driving a commitment to providing exceptional member experience, Fagan oversaw PSCU’s evolution to create a culture empowered by the digital landscape, including the launch of Lumin Digital.

Fagan’s career in the credit union industry spans over three decades. Prior to rejoining PSCU in 2015, Fagan served as president and chief executive officer of the Credit Union Executives Society (CUES), a membership association dedicated to educating and developing credit union executives and emerging leaders, from January 2013 to April 2015. While at CUES, Fagan helped credit unions cultivate talent with the formation of the Strategic Innovation Institute, a partnership with the Massachusetts Institute of Technology (MIT) and Stanford University. Previously, Fagan was with PSCU for more than 15 years, progressing through various leadership positions and ultimately serving as executive vice president and chief sales officer. Earlier in his career, Fagan served as an account manager at Electronic Data Systems and managed card services at Virginia Credit Union.

A frequently requested speaker, Fagan is an advocate for the credit union industry and an active member of the community. Currently, he serves as a member of Visa’s Executive Client Council, chair of the board for Lumin Digital, a member of the board of directors for Kinective, co-chair of the FinTech Limited Partner Advisory Board for Black Dragon Capital, a member of the Florida Chapter of the American Cancer Society’s CEOs Against Cancer and a member of the Board of Visitors at Longwood University. Fagan has also served as a member of Visa’s Credit Union Roundtable and Community Financial Institution Advisory Group, Board Treasurer for Bonifii (formerly CULedger) and a member of the Board of Directors for America’s Credit Union Museum. In 2025, he received the Corporate Hero Award from the PenFed Foundation and was again named to the Tampa Bay Business Journal’s Power 100, which recognizes the most influential business leaders in the Tampa Bay region. Fagan holds a bachelor’s degree in Finance from Longwood University in Farmville, Virginia.