One of 10 largest credit unions in the U.S. names new CEO
Alliant Credit Union in Chicago hired Mike Dobbins to be its next chief executive.
Mike Dobbins has been named CEO of Alliant Credit Union in Chicago – the ninth largest credit union in the nation by assets.
The $19.7 billion-asset company said Dobbins will replace interim CEO Ken Schaafsma, who will continue to serve as its chief risk officer.
“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,” said Lee Achord, Chairperson of Alliant’s Board, in a press release Thursday.
Dobbins 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 and Chief Strategy and Corporate Development Officer.
Schaafsma for eight months took the helm from Dennis Devine, a former KeyBank executive who replaced David Mooney in 2020. Mooney had been Alliant’s chief executive for 17 years.
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Alliant is a digital-only credit union with no branches. It has roughly 913,000 members around the U.S.
In the last seven years as Alliant Credit Union’s chief risk officer, Schaafsma led the company’s credit risk, operational risk, compliance and business controls teams.
Alliant earned roughly $19.7 million in the first quarter of 2025, a 2% decrease compared with a year earlier, according to call report data from the National Credit Union Administration.
The credit union said its CRE lending team had a strong first quarter, closing eight transactions nationwide, totaling $133 million in commitments.
Alliant said Schaafsma and Dobbins will partner closely in the coming months to ensure a seamless leadership transition.
“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.”
– Mike Dobbins
New CEO
Alliant Credit Union
