Press

Bill Walby Leaving Alloya Corporate

WARRENVILLE, IL (August 26, 2013) — Alloya Corporate FCU announced today that Bill Walby will be resigning as Alloya’s CEO for personal reasons. His resignation is effective September 15, 2013.

“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. Unfortunately, I also have some personal responsibilities that are difficult to address along with my responsibilities as Alloya CEO,” said Walby.

“Alloya’s Board has regretfully accepted Bill’s resignation,” said Amy Sink, Chair of Alloya’s Board. “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.”

Alloya’s Board has begun a search for a new Chief Executive. “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,” stated Sink.

Todd Adams, Alloya SVP and President of Balance Sheet Solutions, LLC, was named Interim CEO effective upon Walby’s departure.

About Alloya Corporate FCU
Alloya conducts business in ten core states and nationally, providing investment, financial, lending and correspondent services to more than 1,500 member credit unions. Headquartered in Warrenville, Illinois, Alloya also conducts major operations from offices in Southfield, Michigan and Albany, New York. To learn more, visit www.alloyacorp.org.

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