The founder and chairman of overdraft program provider Strunk & Associates, Bill Strunk, has passed away.

Strunk died on June 10 after battling leukemia. Strunk had over three decades of experience in consulting, planning and implementing deliver systems for the financial services industry. He developed head-on drive-in systems, member satisfaction models, telebanking, PIN and signature identification systems and shared ATM networks.

"Bill was well respected in both the bank and credit union communities," said Mike Sobba, Strunk's president/CEO. "In addition to designing and deploying the original Overdraft Privilege Service Program, Bill was responsible for a number of other innovations now commonly used by banks and credit unions nationwide," he continued. "He will be truly missed by our entire organization, as well as all who knew him."

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