A year unlike any other. Shortly after the COVID-19 pandemic took hold, Alloya experienced its most significant operational emergency to date: the Finastra ACH outage. Thanks to the commitment of the Alloya team, we successfully processed nearly $3 billion of ACH payments for 700 credit unions during the 10-day outage through a tertiary contingency plan.…

In 2019, Alloya eliminated a barrier to entry for corporate membership. Thanks to the dedication and commitment of Alloya’s founding member credit unions, the corporate’s Board of Directors was able to approve a new Associate Membership program so all credit unions can access Alloya’s competitive Advised Line of Credit, extensive products and services, and Premier…

Prefer trading online? Alloya and its wholly owned CUSO, Balance Sheet Solutions (now Alloya Solutions), made that possible with the launch of Premier Portfolio in 2018, giving credit union decision-makers the power to manage their investments from the convenience of the internet. For a fifth consecutive year, Alloya achieved a record result in its annual…

By the end of 2017, Alloya completed its integration activities so every Alloya member could enjoy the same member experience. Alloya also initiated a transparent contract revision process to help the corporate establish a better contract for all members, while also reducing administrative overhead by making them electronically available in Premier View. Net income topped…

In early 2016, Alloya celebrated the 10 millionth transaction placed through Premier View. Following mergers with CenCorp and SunCorp, Alloya initiated consolidation efforts to integrate the disparate systems and simplify business with Alloya. During 2016, Alloya successfully completed two major conversion projects – ACH Services and Safekeeping Services. In August of that year, Alloya and Catalyst…

On February 28, 2015, SunCorp credit unions joined the Alloya family – increasing the membership by 206 members, boosting annual revenue by $6-8 million, enhancing service offerings and expanding business hours to better support all members through the operation of offices in all four time zones in the continental U.S. The Federal Reserve raised interest…

After a series of corporate mergers, Alloya realized the importance of placing People and Culture within its three Strategic Goals. To strengthen organizational culture and streamline operating expenses, Alloya began relocating and downsizing its regional offices, which was made possible in part through improved technologies and efficiencies. Operations in Albany, NY were moved to a…

CenCorp and Alloya completed a strategic merger on April 30, 2013, leading to a stronger balance sheet, a fuller set of services, and significant expense savings. The corporate’s wholly owned CUSO, Balance Sheet Solutions (now Alloya Solutions), added a credit support and research service, online investment accounting and industry-leading analytics. Premier View received significant upgrades…

On October 24, 2012, Alloya turned one. By mid-year, Alloya had nearly met its net income goal for 2012. By year-end, net income totaled $5.8 million. Members were realizing the benefits of membership, and rated Alloya 4.5 out of 5 on our first Member Survey. Seven new products and services were launched, including Remote Deposit…

On October 24, 2011, the charter was signed, and the doors were opened. Over 1,000 credit unions came together to contribute $70 million in capital to found Alloya Corporate FCU, the first new corporate to be formed in almost 20 years.