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Who are the people responsible for making Allegacy a trusted resource for sound financial advice? They are an experienced group of professionals who know the industry, live in the area and have an immense amount of respect for the people they serve. Allegacy is led day-to-day by our executive management team. We also have a board of directors, comprised of volunteers with managerial and financial expertise, who provide guidance and strategic planning. Together, they bring you better ways to make smart financial choices.

Executives
Get to know the executive management team behind our credit union.

  • Cathy J. Pace
    Chief Executive Officer

    Cathy J. Pace is Chief Executive Officer of Allegacy Federal Credit Union, one of the largest credit unions in North Carolina, with over 600 member companies including the two largest medical organizations in the Southeast and three nationally prominent law firms.

    In her 34-year tenure at Allegacy, Cathy has held numerous positions of increasing responsibility and has led some of the Credit Unions most successful initiatives including the company's name change in 2001, brand audit study and credit card line of business evaluation that led to its sale. Cathy has been responsible for helping grow Allegacy's Investment Group and co-led the development of Allegacy's most recent long-range plan. Over the past three decades, she has played a critical role in Allegacy's growth from 17,000 members and nearly $50 million in assets in 1978 to nearly 120,000 members and a $1 billion in assets today.

    Named "Marketer of the Year" by the Credit Union Executives Society, "Woman of the Year" by YMCA of Forsyth and a 2012 Women in Business honoree by the Business Journal, Cathy currently serves as the chairperson of the regional advisory group for Wake Forest Baptist Medical Center Comprehensive Cancer Center, and as a board member for Hospice Palliative Care of Winston-Salem, Co-operative Payroll Solutions, and WFBMC's Board of Visitors. She previously served as an advisory board member for the Sara Lee Center for Women's Health, Cancer Services Inc. and N.C. Triad Affiliate for Susan G. Komen.

    Cathy attended Salem College and is a graduate of Leadership Winston Salem. She is also a graduate of the Credit Union Executive Marketing Institute and Dale Carnegie Institute.

  • Cosby Davis
    EVP / Chief Finance Officer

    Cosby Davis is chief finance officer at Winston-Salem-based Allegacy Federal Credit Union, one of the largest credit unions in North Carolina, with over 600 member companies including the two largest medical organizations in the Southeast and three nationally prominent law firms. In this capacity, he is responsible for developing and implementing strategies for maintaining and enhancing the financial strength of the credit union. Responsibilities include deposit and product pricing, budgeting, forecasting, asset liability management as well as treasury operations.

    He joined Allegacy in May, 2011 as chief financial officer. Prior to that he served as President/CEO of Southern Health Services in Charlottesville, VA and Carelink Health Plans based in Charleston, WV.

    Davis earned his MBA from the Babcock Graduate School of Management at Wake Forest University and his two undergraduate degrees from Southern College in Tennessee. He completed executive education training at the Kellogg Graduate School of Management at Northwestern University and The Wharton School in Philadelphia.

  • Steve Franke
    Program Manager for Allegacy Investment Group

    Steve Franke serves as Program Manager for Allegacy Investment Group*. He is responsible for management and strategic planning of the financial planning and investment programs for members, to supervise licensed and administrative staff, coordinate all compliance and regulatory procedures including advertising and licensing, plan and administer the annual budget, marketing and business plan.

    Franke joined Allegacy in 2013 and is a member of the executive management team. Previously, he was President of Franke Professional Services Incorporated and offered financial management oversight for financial planning programs at twelve credit unions and/or banks, including Allegacy Federal Credit Union. During that time he was awarded Program Manager of the Year 2008 by Bank Investment Consultant Magazine and in 2012 was awarded Honorable Mention for Program Manager of the Year by the same publication for his work with Allegacy.

    Franke earned an Associate's Degree from Mount Aloysius College in Pennsylvania and a Bachelor's Degree in Accounting from Shepherd University in Shepherdstown, West Virginia. He is a Certified Financial Planner™ with Series 6, 7, 65, and 24 securities licenses through Allegacy's broker-dealer, CUSO Financial Services, L.P.

  • Annette Knight, SPHR®
    Vice President of Human Resources

    Annette Knight is Vice President of Human Resources at Allegacy Federal Credit Union, one of the largest credit unions in North Carolina. At Allegacy, she is responsible for the credit union's Human Resources efforts and for developing a highly effective team of employees through coaching and leadership training. She is a member of the executive management team and assists with planning, executing, and achieving strategic goals and initiatives.

    Knight joined Allegacy in 2013 and has almost 30 years' experience. She spent most of her human resources career serving in various capacities for North Carolina based financial organizations. She has experience in the entire human resource function including recruitment, benefits administration, payroll, training, employee relations, strategic and budget planning.

    She earned a Bachelor of Science degree in business management from High Point University and a Senior Professional in Human Resources (SPHR®) certification. She is also a national and local member of Society of Human Resource Management (SHRM).

  • Ashley Kohlrus
    Chief Experience Officer

    Ashley Kohlrus is Chief Experience Officer at Winston-Salem-based Allegacy Federal Credit Union, one of the largest credit unions in North Carolina, with over 600 member companies including the two largest medical organizations in the Southeast and three nationally prominent law firms. In this role, she is responsible for the enhancement of member experience, Marketing and Communications, Business Development and Financial Center Operations.

    She has been with Allegacy for eight years and most recently served as Vice President of Human Resources.

    Kohlrus is active in the Winston-Salem community where she volunteers with the Wake Forest University MA Mentor Program, serves on the Women's Council for Forsyth Medical Center Foundation, the NC Triad Affiliate of Susan G. Komen for the Cure board of directors and the Maya Angelou Center for Women's Health Advisory board. She is also a 2010 recipient of the YWCA "Women of Vision" award and the 2012 Credit Union Executive Society (CUES) Next Top Credit Union Executive.

    She received her undergraduate degree in Speech Communications from East Tennessee State University and her master's degree in Leadership and Organizational Change from Pfeiffer University. She also earned a senior professional human resources certification.

  • Bill Lackey
    SVP / Chief Administrative Officer

    Bill Lackey is chief administrative officer at Winston-Salem-based Allegacy Federal Credit Union, one of the largest credit unions in North Carolina, with over 600 member companies including the two largest medical organizations in the Southeast and three nationally prominent law firms. In this capacity, he oversees Information Technology, Facilities, Project Management and Payment Systems which includes ATMs, Deposit Operations and Credit Cards.

    He joined Allegacy in April, 2007 as Chief Information Officer. Prior to that, he served as VP/CIO at Guilford Mills.

    Lackey holds a B.S. in Biology from East Carolina University and an MBA from Wake Forest University.

  • Rick Leander
    Managing Director, Allegacy Business Solutions

    Rick Leander is Managing Director of Allegacy Business Solutions at Winston-Salem-based Allegacy Federal Credit Union, one of the largest credit unions in North Carolina, with over 600 member companies including the two largest medical organizations in the Southeast and three nationally prominent law firms. In this role, with an emphasis on non-core, non-interest income, he manages and oversees Allegacy subsidiaries including: Cooperative Payroll Solutions, Allegacy Realty LLC, JBA Benefits LLC, Advanced Fraud Solutions LLC and Allegacy Commercial Services and Development. He also serves on the board of directors for each of these organizations.

    He joined Allegacy in January, 2011 as chief strategy officer. Prior to that he served as executive vice president and chief strategy officer for The Clearing House.

    Leander holds a Bachelor of Business Administration in Finance from the University of Texas.

Board of Directors
Meet the volunteers who provide insights, expertise and guidance.

  • Thomas R. Adams
  • Anthony Atala, M.D.
  • Tracey Beck
  • Jeff Blair
  • Jacque Daniels
  • Bob Fly
  • LaShonda D. F. Hairston
  • Ann A. Johnston
  • Ben King
  • Larry McGee
  • David M. Powers
  • Henry Russ
  • Borgia Walker

 

*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Allegacy Federal Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.

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Allegacy is federally insured by the NCUA
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