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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Most recently, the $4 billion Alaska CU has carried a high profile as a merger partner in southern California's High Desert country consolidating two small CUs near Victorville and last month offering to buy five branches of the struggling Arrowhead Central CU of San Bernardino.
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