New CEO Takes the Helm at USAlliance Federal Credit Union

FOR IMMEDIATE RELEASE

Contact: Joann Kay, AVP – Marketing and Communications, P: 914.881.1659/E: jkay@USAlliance.org

NEW CEO TAKES THE HELM AT USALLIANCE FEDERAL CREDIT UNION

RYE, NY (December 12, 2011) – USAlliance Federal Credit Union today announced the retirement of their current President/CEO Michael F. Ambrose and the appointment of Kris P. VanBeek as his successor. Mr. Ambrose has served as the Credit Union’s chief executive since May 2001.

“Mike has been a great CEO,” notes George L. Barto, Chairman of the Board of Directors, “USAlliance is the world-class institution it is today because of the knowledge, foresight and leadership Mike has brought to the table. The entire Credit Union – employees, directors and members alike – are deeply grateful for his many contributions. Kris has some big shoes to fill but we are confident that his vision for USAlliance is the right one to move the Credit Union forward.”

Mr. VanBeek comes to USAlliance from Digital Federal Credit Union in Massachusetts where he held the position of Senior Vice President of Information Systems and Risk Management. His career encompasses a broad spectrum of experience in fields such as e-commerce, real estate, commodity markets and financial services. He is also an entrepreneur, having founded and led two companies. Mr. VanBeek is a frequent contributor to industry magazines on his areas of expertise and serves on several advisory boards.

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ABOUT USALLIANCE FEDERAL CREDIT UNION
USAlliance Federal Credit Union is a member-owned not-for-profit financial institution offering a full range of checking, savings and loan products. Since its inception in 1966, USAlliance has grown to almost $750 million in assets and serves approximately 50,000 members across the country. For more information, please visit www.USAlliance.org.