Mike Dobbins Takes the Helm as CEO of Alliant Credit Union
On June 26, 2025, Alliant Credit Union made headlines with the announcement that Mike Dobbins has been appointed as the new Chief Executive Officer. This marks a significant leadership transition for the financial institution, which has a reputation for innovation and member-centric banking. Dobbins takes over from Ken Schaafsma, who previously served as the Interim CEO and will continue his role as Chief Risk Officer.
The Board of Directors conducted a thorough search for the ideal candidate to lead Alliant into the future. Lee Achord, Chairperson of the Board, expressed enthusiasm for Dobbins' appointment, stating, "Our objective was clear from the start—to find the right leader to propel Alliant's strategic growth while honoring our core values and culture. We are confident that Mike is the ideal choice to lead us into the next chapter." This positive sentiment reflects Alliant's commitment to maintaining its strong tradition while adapting to the ever-evolving financial landscape.
Dobbins brings with him over three decades of extensive experience in financial services and the fintech sector. He has a proven track record of driving innovation, building top-performing teams, and navigating organizations through transformational growth phases. Before joining Alliant, Dobbins held key roles at Framework Venture Partners as a Venture Partner and Senior Advisor, and he previously served at RBC, Canada’s largest bank. His impressive resume includes positions such as Executive Vice President of Personal Finance, Head of U.S. Banking, Chief Strategy Officer, and even the Founder of RBC Ventures. Additionally, he has been instrumental in various boards, including Futurpreneur Canada, Right to Play, and Habitat for Humanity.
Commenting on his new role, Dobbins stated, "I'm honored to join Alliant at such an exciting time for the organization. I've always admired Alliant's reputation for innovation, service, and member-centric approach. I look forward to enhancing the solid foundation that Ken and the leadership team have established and collaborating with the talented staff at Alliant to shape the future of digital banking."
The Board also took a moment to acknowledge Ken Schaafsma’s commendable leadership during his time as Interim CEO over the past eight months. Achord highlighted Schaafsma’s guidance during a crucial period, saying, "Ken led the organization with clarity, stability, and genuine concern for our members and employees. Alliant is in a more robust position today due to his stewardship. We are grateful for his ongoing service and pleased that he will remain a key member of the executive team."
Schaafsma expressed gratitude for the experience, saying, "It has been a privilege to lead Alliant as Interim CEO. I’m incredibly proud of what we’ve accomplished and sincerely thank the Board and my colleagues for their trust. I look forward to working closely with Mike to ensure a smooth transition and continuing Alliant's mission for our members."
As Dobbins and Schaafsma work closely together, the focus will remain on ensuring a seamless transition of leadership while maintaining the strategic momentum that Alliant Credit Union has built over the years. The organization is committed to its core values of excellence, member satisfaction, and community impact.
Founded in 1935, Alliant Credit Union is one of the largest credit unions in the United States with headquarters in Chicago. The institution serves over 900,000 members and manages an impressive $20 billion in assets, specializing in innovative financial solutions that disrupt traditional banking norms. Recognized consistently for its exceptional service, Alliant has earned accolades such as CNBC's Top Credit Unions and Forbes Best Credit Union for Digital Banking. As Alliant embarks on this new chapter under Dobbins’ guidance, it is set to uphold its dedication to providing outstanding products, competitive rates, and value to its members.
The Board of Directors conducted a thorough search for the ideal candidate to lead Alliant into the future. Lee Achord, Chairperson of the Board, expressed enthusiasm for Dobbins' appointment, stating, "Our objective was clear from the start—to find the right leader to propel Alliant's strategic growth while honoring our core values and culture. We are confident that Mike is the ideal choice to lead us into the next chapter." This positive sentiment reflects Alliant's commitment to maintaining its strong tradition while adapting to the ever-evolving financial landscape.
Dobbins brings with him over three decades of extensive experience in financial services and the fintech sector. He has a proven track record of driving innovation, building top-performing teams, and navigating organizations through transformational growth phases. Before joining Alliant, Dobbins held key roles at Framework Venture Partners as a Venture Partner and Senior Advisor, and he previously served at RBC, Canada’s largest bank. His impressive resume includes positions such as Executive Vice President of Personal Finance, Head of U.S. Banking, Chief Strategy Officer, and even the Founder of RBC Ventures. Additionally, he has been instrumental in various boards, including Futurpreneur Canada, Right to Play, and Habitat for Humanity.
Commenting on his new role, Dobbins stated, "I'm honored to join Alliant at such an exciting time for the organization. I've always admired Alliant's reputation for innovation, service, and member-centric approach. I look forward to enhancing the solid foundation that Ken and the leadership team have established and collaborating with the talented staff at Alliant to shape the future of digital banking."
The Board also took a moment to acknowledge Ken Schaafsma’s commendable leadership during his time as Interim CEO over the past eight months. Achord highlighted Schaafsma’s guidance during a crucial period, saying, "Ken led the organization with clarity, stability, and genuine concern for our members and employees. Alliant is in a more robust position today due to his stewardship. We are grateful for his ongoing service and pleased that he will remain a key member of the executive team."
Schaafsma expressed gratitude for the experience, saying, "It has been a privilege to lead Alliant as Interim CEO. I’m incredibly proud of what we’ve accomplished and sincerely thank the Board and my colleagues for their trust. I look forward to working closely with Mike to ensure a smooth transition and continuing Alliant's mission for our members."
As Dobbins and Schaafsma work closely together, the focus will remain on ensuring a seamless transition of leadership while maintaining the strategic momentum that Alliant Credit Union has built over the years. The organization is committed to its core values of excellence, member satisfaction, and community impact.
About Alliant Credit Union
Founded in 1935, Alliant Credit Union is one of the largest credit unions in the United States with headquarters in Chicago. The institution serves over 900,000 members and manages an impressive $20 billion in assets, specializing in innovative financial solutions that disrupt traditional banking norms. Recognized consistently for its exceptional service, Alliant has earned accolades such as CNBC's Top Credit Unions and Forbes Best Credit Union for Digital Banking. As Alliant embarks on this new chapter under Dobbins’ guidance, it is set to uphold its dedication to providing outstanding products, competitive rates, and value to its members.
Topics Financial Services & Investing）
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