WARRENVILLE, Ill. (12/11/13)--Todd Adams, who has served as interim CEO of Alloya Corporate FCU since September, has been named the corporate's CEO, assuming leadership of the corporate immediately, announced Alloya Corporate's Board of Directors Tuesday.
"This appointment brings continuity to the corporate and best ensures that we will continue to build on the positive momentum of the past two years," said Amy Sink, Alloya's chair, who said the corporate conducted a national search and interviewed many candidates. "The corporate has a great story to tell in terms of the value it returns to members, and the corporate is now poised for even stronger success in the future," she said.
Adams, who joined Alloya in 2003, previously served as its senior vice president and president of Balance Sheet Solutions, Alloya's wholly owned investment and investment advisory credit union service organization. He has diverse experience within the financial services industry, is a certified public accountant and a member of the American Institute of Certified Public Accountants. His bachelor's degree in business administration/accounting is from the University of Iowa.
"Alloya's cooperative business model is 100% focused on supporting credit union success," Adams said. "Through aggregration of resources, Alloya is able to offer over $5 billion in advised lines of credit, a full suite of cash management and investment products, access to a wide range of efficient payment services through Premier View, and free education through Connection webinars. I believe in the future of the credit union movement and the important role that Alloya plays to support credit union members," Adams added.