Search is underway for a new CEO.
Land of Lincoln Credit Union of Decatur, Ill., appointed its CFO, Craig Althoff, as interim CEO effective Saturday, to replace Douglas B. Harris, who is moving to the East Coast.
Craig Althoff, interim CEO Land of Lincoln CU ($228.7 million in assets, 31,533 members) announced Thursday that it has begun searching for a replacement for Harris, whose resignation is effective Friday.
Harris came to Land of Lincoln CU in July 2015, replacing retiring President/CEO Mac Dunaway. Harris was previously at Centra Credit Union of Columbus, Ind. ($1.4 billion in assets, 112,363 members) from 2001 to 2015, the last two years as its president.
Douglas B. Harris "It has been a tremendous privilege to lead the employees of LLCU," Harris said in a statement issued by the credit union.
"I am proud to have worked with amazing colleagues and feel like we have made a significant impact on improving services and increasing value offered to LLCU membership," he said. "My career path is leading me to relocate, but LLCU and the 26 counties we serve will remain very special to me."
In the two years ending December 2017, Land of Lincoln CU's loans rose 7.7% to $153.6 million. Assets grew 3.2% and membership grew 4.4%.
Its net worth ratio was 11.16% on Dec. 31, up 80 basis points from two years earlier. Return on average assets was 4.8% in 2017, down from 6.1% a year ago.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
