SOUTHFIELD, Mich. – Dan Balagna, the one and only CEO, so far, of the Service Center Corporation, the nation’s oldest national shared branching network, retires officially as of December 31. Affiliated with Michigan credit unions since the age of 19, Balagna rose through the ranks of the Michigan Credit Union League until becoming chief financial officer in 1976. He held that position until 1981, when he took up the position as CEO of the then fledgling SCC, a shared branching effort founded by three Michigan credit unions. In addition to helping create the first shared branching network, Balagna helped guide an industry which eventually grew to three interlinking nationwide shared branching networks which recently claimed 10% of credit unions, nationwide, as participants.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.