FEDERAL WAY, Wash. – John Annaloro, a fixture in the credit union movement for more than 25 years, first as a senior executive at the California CU League, then head of the Washington CU League (now the Northwest CU Association), the trade group for 200 credit unions, announced his retirement this afternoon.
Annaloro has served as CEO of the organization for 15 years, guiding the merger of the Washington League with the Oregon CU Association in 2010.
Under Annaloro’s leadership the Washington League was instrumental in the 1998 legislation known as HR 1151, the CU Membership Access Act. Later the League, under his leadership, made the state credit union charter one of the most liberal in the country, allowing for statewide fields of membership. He and the League also helped create the television program, BizKid$ on PBS, to teach school children about business.
Annaloro will be succeed as CEO by Troy Stang, the group’s president.
The Association’s change of leadership will occur Oct. 2, in conjunction with the Northwest Association's annual convention in Vancouver. A reception honoring Annaloro’s accomplishments will be held during the proceedings on the evening of Thursday, Oct. 4.