Alloya simplifies membership.

 

Why should my credit union consider membership with Alloya?

Membership with Alloya means leveraging the aggregated power that is 1,400 members strong. It means gaining a strategic advantage in an increasingly competitive marketplace and putting our team of 160 professionals to work as an extension of your credit union staff. It means simplifying your day-to-day back-office tasks so you can spend more time focusing on your members. It means having access to affordable and comprehensive products and services that fulfill all your transactional, liquidity and investment needs. Need we say more? We guarantee you will love our credit union owned solutions.

How does Alloya make it easy for my credit union to become a member?

Alloya offers two membership options - both of which provide your credit union with our full suite of products and services, including a highly competitive Advised Line of Credit that can be used for any purpose.

1. Associate Membership - Need more liquidity, or perhaps affordable products and services, but don't want to contribute capital? Alloya's Associate Membership offering is the choice for you. Take advantage of our competitive Advised Line of Credit - without contributing perpetual capital. By simply paying an annual credit review fee of five basis points of the total credit line amount, you'll have access to a Line of Credit that can be used for any purpose.
2. Capital Membership - Looking to gain access to Alloya's full suite of products and services in addition to a highly competitive Advised Line of Credit - without paying an annual credit review fee? Alloya's Capital Members are required to commit Perpetual Contributed Capital (PCC) - but the requirement is among the lowest in the corporate credit union network. In return, Capital Members are granted an Advised Line of Credit up to 50 times contributed capital (based on creditworthiness) without paying an annual review fee. Capital Members are also able to supplement their line above 50 times for a nominal credit review fee charged annually. Not to be forgotten, Capital Members earn dividends on their capital contribution. In 2019, Alloya paid out $4.8 million dollars to its Capital Members, and plans to pay out $5.4 million in 2020.

What are Alloya's top five member perks?

Bringing it all together, here's what we believe are the biggest reasons that make membership with Alloya worth your while.

1. At Alloya, we know credit unions because we are a credit union too. Our job is to help you simplify so you can focus on what's most important: your members.
2. For both Capital and Associate Members, we deliver reduced fees, an Advised Line of Credit and full access to our extensive products and services.
3. Alloya's one-stop transaction system, Premier View, provides quick, easy and secure access to all the transactional tasks that your staff perform every day. Say goodbye to managing multiple vendor relationships; with Premier View your staff can conquer their to-do lists though a single relationship with the corporate and a single set of login credentials.
4. Going above and beyond is our standard. It's not just what we do; it's how we do it. Receive unparalleled service and support, from one credit union to another, and consider our team an extension of yours.
5. Alloya is secure and compliant with regulations - and our experienced, credit union-focused teams help ensure you remain secure and compliant too. We understand credit union compliance and regulatory standards because we are held to those standards, too!