USALLIANCE Financial selects Harry Zhu as next CEO

RYE, NY (September 15, 2023) — The Board of Directors of USAlliance Federal Credit Union (dba USALLIANCE Financial) ($3B,) has selected Harry Zhu to serve as its next President and Chief Executive Officer. Zhu will start on October 2 in the credit union’s Rye, New York office.

“We are delighted to welcome Harry to USALLIANCE.  He is an accomplished leader with experience in driving sustainable growth and a passion for collaboration,” commented Carla Palma, Chairperson of the Board. “Harry is adept at using strategic insights, understands the industry and has the skills needed to lead USALLIANCE into a bright future as we continue our commitment to responsible growth, innovation and, most of all, member service.”

The Board would also like to recognize the leadership of Interim CEO/Executive Vice President/Chief Financial Officer, Brett Wheeler, and Executive Vice President, Kevin Randall, for their invaluable contributions during the CEO search process. Together, their efforts resulted in a smooth transition. Both will now work closely with Zhu in their respective roles.

With a 27-year professional history in both for-profit and not-for-profit organizations, Zhu brings a wealth of experience to his new position. He was placed by DDJ Myers, the well-known leadership development firm. Zhu most recently served as the Chief Retail Lending Officer at the $19B Alliant Credit Union in Chicago and actively serves on multiple boards and councils.

“USALLIANCE has been financially empowering its members since 1966,” says Zhu. “I can’t wait to lead this growing and innovative organization into the future. By bringing a new perspective to our mission and working collaboratively with the entire credit union team, I believe we can deliver even more value while creating sustainable growth that benefits our members.”

Zhu completed his Master of Business Administration (MBA), and both his Master of Science and Bachelor of Science in Electrical Engineering, at the University of Michigan. As a lifelong learner, he has multiple professional certifications and has continued his education through various executive education programs.

About USALLIANCE Financial

USALLIANCE Financial is a member-owned, not-for-profit financial institution offering a full range of checking, savings, and loan products. Since its inception in 1966, USALLIANCE has grown to over $3 billion in assets and serves more than 150,000 members nationwide. Membership at USALLIANCE is centered around providing access to cooperative banking solutions for various community charters, a multitude of employee groups, as well as charitable organizations, and houses of worship. For more information, please visit


Sara White
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