Alliant Credit Union names Ken Schaafsma as interim CEO as Dennis Devine departs
Alliant Credit Union, based in Chicago, Illinois, has named its chief risk officer (CRO) Ken Schaafsma as interim CEO, with Dennis Devine, the company’s president and CEO for the last four years, set to leave the company.
Schaafsma has served as Alliant’s CRO for the past seven years (Image: LinkedIn)
With 31 years of experience in financial services, Alliant says Schaafsma has “proven his expertise” over the past seven years as the credit union’s CRO, leading areas like compliance, credit risk, business controls, and operational risk.
Before joining Alliant, Schaafsma served as chief operational risk officer at Chicago-headquartered Northern Trust. He held a number of senior positions over his 17-year tenure with the firm, including SVP for fraud prevention and head of risk management for India.
Since its founding in 1935, Alliant has grown into Illinois’ largest credit union, overseeing $20 billion in assets and a membership base of around 800,000.
Earlier this year, the credit union hired Jamie Warder, formerly KeyBank’s digital head, as its new chief information officer and business strategy lead.
