Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Alloya Corporate CEO Bill Walby Resigns, Effective Sept. 15
WARRENVILLE, Ill. (8/27/13)--Alloya Corporate FCU announced Monday that Bill Walby will resign as Alloya's CEO for personal reasons. His resignation will be effective Sept. 15.
 
"This was a difficult decision for me. The merger of Alloya and CenCorp operations is proceeding well, and we are beginning to see some of the anticipated benefits," said Walby. "Unfortunately, I also have some personal responsibilities that are difficult to address along with my responsibilities as Alloya CEO," he added.

Walby was CEO at Southfield, Mich.-based CenCorp before the merger process began (News Now March 14).
 
"Alloya's Board has regretfully accepted Bill's resignation," said Amy Sink, chair of Alloya's Board. "
 
She noted that the corporate's second quarter financials, released last week, "demonstrate that Alloya is on a sound footing. System and organizational integrations are on track, starting with the successful conversion of Michigan members to Premier View (Alloya's secure internet portal) on July 1. We understand Bill's decision, and wish him continued success."
 
The corporate's board has begun a search for a new CEO. "We are seeking a CEO to build upon the strong financial base and business model in place today. Alloya is capitalized and supported by approximately 20% of credit unions nationally," Sink said.
 
Todd Adams, Alloya senior vice president and president of Balance Sheet Solutions LLC, was named interim CEO, effective upon Walby's departure.
RSS print
News Now LiveWire
.@CUNA urges #creditunions to track costs related to #HomeDepotBreach for upcoming survey See #NewsNow http://t.co/NYP5smSppK
31 minutes ago
Learn how to stay competitive with new research blog from @CUNA's econ/statistics dept in Wed's #NewsNow
14 hours ago
#FOMC meeting watch: Change in forward guidance expected #Market #NewsNow http://t.co/PH41VN1j9l
16 hours ago
Member growth at #creditunion continues despite mill closure #NewsNow http://t.co/rNRjLBjvX9
18 hours ago
CA/NV league pres/CEO Dykstra in @sacbee_news: Retailers should hold accountability in data breaches http://t.co/odyHd9N2OG
19 hours ago