Alliant Credit Union Appoints Mike Dobbins as Chief Executive Officer

Financial services and fintech executive brings decades of experience to lead Alliant

Former Interim CEO Ken Schaafsma to continue serving as Chief Risk Officer

CHICAGO, June 26, 2025 /PRNewswire/ -- Alliant Credit Union ("Alliant") today announced that its Board of Directors has appointed Mike Dobbins as Chief Executive Officer. Mr. Dobbins succeeds Interim CEO Ken Schaafsma, who will continue to serve Alliant as Chief Risk Officer.

"Following a rigorous and thoughtful search, the Board is thrilled to welcome Mike to Alliant Credit Union," said Lee Achord, Chairperson of Alliant's Board of Directors. "Our objective was clear from the start: find the right leader to propel Alliant's strategic growth while honoring the values and culture that make this organization so special. We are confident that Mike is the ideal choice to lead us into the next chapter."

Mr. Dobbins brings over 30 years of financial services and fintech experience, with a track record of driving innovation, building high-performing teams and leading organizations through transformative growth. He joins Alliant from Framework Venture Partners, where he served as Venture Partner and Senior Advisor. Prior to that, he held executive roles at RBC, Canada's largest bank—including EVP of Personal Finance and Head of U.S Banking, Chief Strategy and Corporate Development Officer and Founder of RBC Ventures. Earlier, Mike also served in a variety of roles at Capital One in the U.S., ultimately serving as Executive Vice President of Consumer Banking. Throughout his career, Mr. Dobbins has also served on several boards including Futurpreneur Canada, Right to Play and Habitat for Humanity.

"I'm honored to join Alliant at such an exciting time for the organization," said Mr. Dobbins. "I've long admired Alliant's reputation for innovation, service and member-centricity. I look forward to building on the strong foundation Ken and the leadership team have laid and working alongside the talented individuals across Alliant to shape the future of digital banking."

The Board also expressed its gratitude to Ken Schaafsma for his leadership as Interim CEO over the past eight months. "Ken guided the organization through a pivotal period with clarity, steadiness, and deep care for our members and our people," added Mr. Achord. "Alliant is in a stronger position today because of his stewardship. We thank Ken for his continued service and are pleased that he will remain a key member of the executive team."

"It has been a privilege to lead Alliant as Interim CEO over the past several months," said Mr. Schaafsma. "I'm incredibly proud of what we've accomplished together and deeply grateful to the Board and my colleagues for their trust and support. I look forward to working closely with Mike to ensure a smooth transition and continue advancing Alliant's mission for our members."

Mr. Schaafsma and Mr. Dobbins will partner closely in the coming months to ensure a seamless leadership transition and continued strategic momentum. Alliant remains steadfast in its unwavering dedication to excellence, member satisfaction and community impact.

About Alliant Credit Union:
Alliant Credit Union is a national digital financial institution with over 900,000 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 Forbes Best Credit Union for Digital Banking. Headquartered in Chicago and founded in 1935, Alliant is one of the largest credit unions in the United States.

Contact: Natalie Symonds – Nsymonds@alliantcreditunion.com – Sr. Media Strategist
Media: AlliantCreditUnion@FTIConsulting.com

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SOURCE Alliant Credit Union