Alliant Credit Union Appoints Ken Schaafsma as Interim CEO 10/30/2024 Mr. Schaafsma to lead next phase of Credit Union; Dennis Devine transitions after tenure leading Credit Union’s transformation CHICAGO, October 30, 2024 – Alliant Credit Union today announced that Chief Risk Officer Ken Schaafsma has been appointed interim Chief Executive Officer. Mr. Schaafsma succeeds Dennis Devine, who is leaving after a four-year tenure with the organization. “We are confident in Ken’s talent, experience, and abilities to lead us through this period, and we look forward to the next phase of Alliant’s evolution,” said David Leib, Chairperson of the Alliant Board of Directors. “We are grateful for the expertise and focus on performance that Dennis has brought to Alliant during his time leading our organization. We thank Dennis for his dedication and hard work.” Alliant has seen record growth in members and returns to members and is consistently recognized among the best credit unions in the U.S. “It has been my joy to work so closely with such a talented and inspiring Alliant team,” said Mr. Devine. “They have made it their mission to wow Alliant members and I am proud of all we’ve achieved together. The future is bright. I know Alliant is in incredibly capable hands led by a team of talented and dedicated individuals who will continue to build on these successes.” “I am honored that the Board has entrusted me with the opportunity to guide Alliant into our next exciting chapter,” stated Mr. Schaafsma. “I firmly believe in this business and our people, and I am energized by the opportunities I see for Alliant to continue delivering on our mission to do good for our employees, members, and the communities we serve,” he added. Mr. Schaafsma brings 31 years of experience as a financial services leader. In the last 7 years as Alliant Credit Union’s Chief Risk Officer, Mr. Schaafsma has proven his expertise by leading credit risk, operational risk, compliance, and business controls teams. His unwavering commitment to enterprise risk management has not only enhanced our focus and visibility across the organization, but also strengthened our relationships with Alliant’s regulators and core stakeholders. About Alliant Credit Union: Alliant Credit Union is a national digital financial institution with over 800,000 members and $20 billion in assets, focused on innovation and disrupting the traditional banking model. Alliant maintains some of the industry’s best cost structures while delivering members the best products, rates, and value. Consistently recognized as one of the best financial institutions, Alliant was named one of CNBC’s Top Credit Unions and Money.com’s Best Banks in America. Headquartered in Chicago and founded in 1935, Alliant is one of the largest credit unions in the United States. ###
