Cornerstone Resources, in partnership with WyHy Federal Credit Union (WyHyFCU), is pleased to announce the appointment of Matthew Ballou as CEO.
Ballou brings more than 12 years of leadership experience in the financial services industry and will assume his new role on April 1, 2026.
WyHyFCU, headquartered in Cheyenne, Wyoming, serves more than 22,700 members across five branches located throughout the state. Over more than seven decades, WyHyFCU has grown into one of Wyoming’s prominent community credit unions, managing approximately $411 million in assets. WyHyFCU is deeply committed to community involvement and financial education. The credit union supports local organizations, charitable initiatives, and educational programs aimed at improving financial literacy and strengthening Wyoming communities.
Pam Fredrick, chairperson of the WyHyFCU board, expressed the board’s excitement in welcoming Ballou to the credit union. “The board is incredibly excited to welcome Matt as our new CEO,” said Fredrick. “His vision and deep experience will be invaluable as we continue to grow and serve our members. We have full confidence in his ability to lead WyHy into its next successful chapter.”
Ballou will succeed Bill Willingham, who has worked for the credit union since 1984, and has led the organization since 1992.
“Cornerstone’s expertise and dedication throughout the recruitment process were truly exceptional,” said Willingham. “Their commitment to understanding our organization’s needs and identifying outstanding talent led us to Matt Ballou, whose vision and leadership will undoubtedly drive WyHy forward. We are grateful for Cornerstone’s professionalism and partnership in this pivotal transition.”
In his new role, Ballou will apply his experience in strategic growth initiatives, marketing, and driving loan growth. Most recently, Ballou was the chief retail officer at WyHyFCU, where he developed and deployed a retail, marketing, and mortgage strategy that advanced overall growth of the credit union.
“I’m honored and grateful for the opportunity to serve as CEO of WyHy Federal Credit Union,” said Ballou. “Being part of this organization has given me a deep appreciation for our people, our purpose, and the members we serve every day. I’m excited to lead alongside such a dedicated team as we continue to strengthen relationships, pursue new opportunities, and shape a strong and successful future for WyHy and our communities.”
Cornerstone Resources’ executive search and professional recruiting (ESPR) division conducted the search. “Matthew demonstrated excellent leadership qualities in our vetting process,” said Vice President of Executive Search Marcus Cotton. “His ability to lead staff and provide strategic direction was clearly evident. He has big shoes to fill, and we felt he was up for the task. Obviously, the board of WyHy Federal Credit Union agreed with our assessment. Congratulations Matt! You are the right man for the job.”
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