CHEYENNE, Wyo.—WyHy Federal Credit Union has named Matthew Ballou CEO, succeeding longtime leader Bill Willingham, who has been with the $411-million credit union since 1984 and has served as CEO since 1992.
Ballou most recently served as chief retail officer at the Cheyenne-based credit union, where he led retail, marketing and mortgage strategies aimed at supporting growth. WyHy FCU serves more than 22,700 members through five branches across Wyoming.
“The board is incredibly excited to welcome Matt as our new CEO,” Board Chair Pam Fredrick said in a statement. “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 brings more than 12 years of financial services leadership experience and is expected to focus on strategic growth, marketing and lending in the top role. In a statement, he said he was “honored and grateful” for the opportunity to lead the credit union and said he looks forward to building on its mission and community relationships.
The CEO search was conducted by Cornerstone Resources’ executive search and professional recruiting division. Cornerstone Vice President of Executive Search Marcus Cotton said Ballou stood out during the vetting process for his leadership skills and ability to provide strategic direction, adding that he is well-positioned to lead WyHy through its next chapter.