WARNERVILLE, IL (December 10, 2013) -- Alloya Corporate FCU announced today that its Board of Directors has named Todd Adams, a veteran in the credit union industry and Alloya’s current interim Chief Executive Officer, as its new Chief Executive Officer. He will assume leadership of the corporate immediately.
“After a national search, we are delighted to have found Alloya’s new CEO from within the corporate,” said Amy Sink, Chair of Alloya. “While we interviewed many talented individuals, we felt that Todd’s skills and experience were the right fit for Alloya. This appointment brings continuity to the corporate and best ensures that we will continue to build on the positive momentum of the past two years. The corporate has a great story to tell in terms of the value it returns to members, and the corporate is now poised for even stronger success in the future,” continued Sink.
Adams, Alloya Senior Vice President and President of Balance Sheet Solutions (Alloya’s wholly owned investment and investment advisory CUSO) has served as Alloya’s Interim Chief Executive Officer since September 2013. With diverse experience within the financial services industry, Adams joined the corporate in 2003. Adams is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants, and holds his Bachelor’s in Business Administration/Accounting from the University of Iowa.
“I am honored to be selected to lead Alloya’s talented team of dedicated professionals,” said Todd Adams. “Alloya’s cooperative business model is 100 percent focused on supporting credit union success. Through aggregation of resources, Alloya is able to offer over $5 billion in advised lines of credit, a full suite of cash management and investment products, access to a wide range of efficient payment services through Premier View, and free education through Connection webinars. I believe in the future of the credit union movement and the important role that Alloya plays to support credit union members.” concluded Adams.
About Alloya Corporate FCU
Alloya conducts business in ten core states, providing investment, financial, lending and correspondent services to more than 1,400 member-owner 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.