Corporate Fact Sheet

Alloya Corporate Federal Credit Union is a not-for-profit, wholesale financial institution serving nearly 1,100 credit union member-owners. Focused on value, Alloya offers a variety of financial products and services that leverage the power of aggregation to ensure its members remain competitive in today’s market place. Alloya is headquartered in Warrenville, Illinois with major operations in Albany, New York.

Alloya, a new corporate with a long history of service to credit unions, has leveraged eight corporate mergers. The organization continually looks to build upon measures that benefit its members and adhere to credit union values and cooperation.

Asset Size: Alloya is approximately a $2 billion financial institution.

Membership: Nearly 1,100 credit unions, with primary markets in CT, IL, IN, MA, MN, NJ, NY, RI, SD.

Leadership: Alloya’s Board of Directors is led by chair Amy Sink. Charles Furbee currently serves as the organization’s Acting CEO.

Products/Services:

  Correspondent Services
  • Check Processing
  • For Your Business Members
  • Lending
  • Mortgage Services
  • Investments
  • Online Account Management
     

Alloya’s Benefits
By utilizing Alloya, the credit unions collectively achieve cost-savings, synergies and competitive advantages. Alloya enables credit unions to:

bullet Offer a wide variety of products and services without adding staff to the payroll.
bullet Avoid the significant start up costs typically necessary when adding new products.
bullet Continue to access vital payment and correspondent services without relying on third-party vendors.
bullet Share in the purchasing power of a large, influential group, able to command price and service consideration in a marketplace that is insensitive to single institutions and smaller volumes.
bullet Benefit from state-of-the-art systems that help mitigate data security risk and prevent fraud.