WARRENVILLE, Ill. – Alloya Corporate FCU CEO Bill Walby will be resigning as Alloya’s CEO for personal reasons.

The corporate said his resignation is 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. Unfortunately, I also have some personal responsibilities that are difficult to address along with my responsibilities as Alloya CEO,” said Walby in a statement.

“Alloya’s Board has regretfully accepted Bill’s resignation,” Alloya Chairman Amy Sink said in a statement. “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.”

While the board conducts a search for a new CEO, Todd Adams, who is Alloya SVP and president of Balance Sheet Solutions, LLC, will serve as interim CEO.


 

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