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Downs Appointed as Allegiance Credit Union CEO
Thursday, October 12, 2017 7:00 AM

The Allegiance Credit Union (ACU) board of directors has appointed executive vice president, Amy Downs, as the new president and chief executive officer. Downs, whose tenure commences January 2018, will succeed retiring President and Chief Executive Officer Lynette Leonard, who led the $260 million dollar asset credit union after joining the staff in 1997.

A native of Shreveport, La., Downs began her career in the credit union arena as a drive-thru teller at Wesla Federal Credit Union in Shreveport. In October 1988, she transferred to Federal Employees Credit Union (now Allegiance Credit Union) in Oklahoma City. In April 1995, while working as a credit card loan officer, she became one of 15 ACU employees who would survive the Oklahoma City bombing, which claimed the lives of 18 coworkers and 85 of the credit union’s members. Downs proved resilient and remained connected to her spirit of improvement and advancement, and over the next 22 years, would serve in multiple positions including member service supervisor, vice president of member services, and most recently, executive vice president of operations.

Downs is a recipient of numerous accolades and awards for her outstanding leadership within the credit union industry. In addition, she is a certified chief executive, a designation granted by the Credit Union Executive Society (CUES); a recipient of the 2017 CUES Exceptional Leader award; a 2016 Credit Union National Association (CUNA) Rock Star designee; and a 2015 Journal Record “Woman of the Year” Honoree.

Downs holds a Bachelor of Science in organizational leadership and a Master of Business Administration, both from Southern Nazarene University in Bethany, Okla. She and her husband, Terry, are proud parents of two sons, Aaron and Austin.

About Allegiance Credit Union
Allegiance Credit Union, formally Federal Employees Credit Union (FECU), was chartered in February 1963 under the Oklahoma State Banking Laws. Originally located in the basement of the Federal Courthouse, FECU moved into the Alfred P. Murrah Federal Building upon its completion in 1977. On April 19, 1995, FECU would lose 18 of its 33 employees in the bombing of the federal building, drastically changing lives and dramatically ushering in a new era of focus for the institution. In February 2002, FECU became a community charter, extending membership to the six counties surrounding Oklahoma City. On May 1, 2003, FECU became Allegiance Credit Union (ACU). Allegiance Credit Union (ACU) continues to grow in asset size, membership, and branch locations. The legacy of FECU, its restoration, and the continued growth as Allegiance Credit Union, makes members and employees alike, proud to be credit union people.