William Eckhardt, a CUNA Mutual Board member since 2005 and president/CEO of Alaska USA Federal Credit, has resigned from the director post ahead of a planned "competing" business venture in the insurance area, it was announced Friday.

In a departing statement, Eckhardt said he was one of CUNA Mutual's strongest advocates but chose against seeking re-election to the CUNA Mutual board seat in light of "anticipated business obligations" at his Anchorage CU involving personal insurance services.

A spokesman declined to elaborate on Alaska USA's expansion plans or to identify what state might be the business target.

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