CHEYENNE, Wyo.–Credit unions in two states have named new leadership.
In Wyoming, the $402-million WyHy Federal Credit Union has selected Matthew Ballou to lead the organization Ballou brings more than 12 years of leadership experience in the financial services industry and will assume his new role on April 1, 2026.
Most recently, Ballou was the chief retail officer at WyHy FCU, where he developed and deployed a retail, marketing, and mortgage strategy that advanced overall growth of the credit union, WyHy FCU said.
“I’m honored and grateful for the opportunity to serve as CEO of WyHy Federal Credit Union,” said Ballou in a statement “Being part of this organization has given me a deep appreciation for our people, our purpose, and the members we serve every day. I’m excited to lead alongside such a dedicated team as we continue to strengthen relationships, pursue new opportunities, and shape a strong and successful future for WyHy and our communities.”
‘Incredibly Excited’
Added Chair Pam Fredrick in a statement, “The board is incredibly excited to welcome Matt as our new CEO. His vision and deep experience will be invaluable as we continue to grow and serve our members. We have full confidence in his ability to lead WyHy into its next successful chapter.”
Ballou will succeed Bill Willingham, who has worked for the credit union since 1984, and has led the organization since 1992. Cornerstone Resources.
The credit union has nearly 23,000 members and five branches.
New CEO in Seattle
In Washington, Seattle Credit Union has formally named Michaeal A. Cruz as its new president and CEO. As the CU Daily reported earlier, Cruz had been serving as interim CEO following the retirement of CEO Richard Romero
Cruz had previously served as chief financial officer of the $1.1-billion CU, which has approximately 48,000 members.
In a statement, the credit union said Cruz and the existing leadership team would provide continuity while maintaining focus on the credit union’s “prosperity for all” mission.
In the statement, Chair Robin Harmon, said that during Romero’s tenure the credit union “strengthened its financial foundation, modernized its systems, and expanded access to communities often overlooked by traditional financial institutions.”
“Seattle Credit Union is exceptionally well positioned to enter its next chapter with strength and clarity of purpose,” Harmon said.
