July 24th, 2025016TAMPA, Fla. – USF Credit Union has been named a recipient of the 2025 Digital Growth Award by the World Council of Credit Unions, recognizing the credit union’s commitment to delivering innovative digital banking tools that put members first.
Announced during WOCCU’s annual international conference in Stockholm, Sweden, the award honors credit unions that are redefining how people experience financial services. USF Credit Union was recognized for launching two standout offerings: Flex Pay, a Buy Now, Pay Later (BNPL) option, and Plan Your Purchase, which helps members prepare for upcoming expenses.
“These tools are more...
July 18th, 2025011Naperville, Ill. – Today marks the settlement of Alloya’s first multi-issuer auto loan asset-backed securitization (ABS), fully funded after being well oversubscribed by investors. The securitization, backed by a diversified pool of auto loans originated by three of Alloya’s member credit unions, was structured to optimize investor appeal while maintaining strong credit quality. “We were very pleased with the strong support this issuance received from a wide variety of investors” said Andrew Kohl, Alloya’s Chief Investment Officer.
Alloya would like to express its gratitude to Blaze Credit Union (Minnesota), Consumers Credit...
July 18th, 2025011TAMPA, Fla. – USF Credit Union (USF CU) is proud to announce that President and CEO Richard J. Skaggs has been reelected to serve a second term as Chair of the Board for The League of Credit Unions & Affiliates. Skaggs’ continued leadership reflects a strong commitment to advancing the credit union movement across Alabama, Florida, Georgia and Virginia, where the League represents 381 credit unions and more than 32.7 million members with a combined $453.6 billion in assets.
His reelection was announced during the League’s record-breaking ENGAGE 2025 Conference, held in Orlando, Florida, where more than 1,300 credit union...
July 16th, 202508New Ellenton, SC – SRP Federal Credit Union executives unveiled a new SRP Virtual Teller ATM in a ribbon-cutting ceremony on Main Street in New Ellenton, SC on July 11.
Conveniently located near residential and commercial zones in the heart of New Ellenton, the new walk-up machine will improve SRP Federal Credit Union’s accessibility in southern Aiken County. With its virtual teller capabilities, visitors will be able to speak with an SRP Teller to conduct transactions from 7 a.m. to 7 p.m. on Monday through Friday.
The ribbon-cutting ceremony featured inspiring words from Liz Ponder, SRP Federal Credit Union CEO, and Roy...
July 14th, 2025012Member Well-Being Launched July 1st with Mathieu Despard as Fellow
Madison, Wis. – Filene’s Center for Member Well-Being officially launched July 1st, with fellow Mathieu Despard of Washington University, St. Louis.
As inflation, prices on everyday goods and economic uncertainty continues to increase it is no wonder more Americans are feeling financially stressed these days. In fact, according to a recent Bankrate Financial Freedom Survey, 77% of U.S. adults say they are not completely financially secure, up from 75% in 2024 and 72% in 2023. Also, financial stress tends to be the major contributor to people’s overall stress—which...
July 10th, 2025019Dallas, Texas – ALM First recently promoted Alec Hollis to Principal. Hollis joined the firm in 2012 and has gained more than a dozen years of direct experience in balance sheet strategy and risk management. Throughout his tenure, he has embodied ALM First’s core value of “innovation” by seeking out new ways to put clients’ best interests first and solve financial institutions’ most pressing challenges.
“We’re thrilled to announce Alec’s promotion and look forward to his continued contributions,” says Robert Perry, Principal. “His experience empowering clients to maintain and enhance their margins, proactively manage...
July 9th, 202508North Augusta, SC – Representatives of SRP Federal Credit Union presented the American Heart Association (AHA) with a donation of over $45,000 — the result of an employee-led fundraising campaign that exceeded its projected goal by over $10,000.
SRP team members Charmaine Finch and Ieshia Bell, chair and co-chair of SRP’s AHA fundraiser, led the three-month campaign. The funds will help support the nonprofit organization’s initiatives, including heart and brain research, improvements in medical care, providing CPR training, and more.
Across SRP departments and branches, SRP team members contributed to the fundraiser through...
July 9th, 202509Naperville, Ill. – To do something that has never been done before requires initiative, hard work, creativity and, in this case, the Power of Cooperation that credit unions use as their secret weapon to compete. Alloya, working alongside three credit unions, Blaze (Minnesota), Consumers (Illinois) and Interra (Indiana), completed the credit union network’s first ever multi-issuer prime auto loan asset-backed securitization (ABS). This group of credit unions should be considered pioneers as they have opened a significant new source of liquidity for the entire credit union network. Banks have never completed a multi-issuer ABS, and this...
July 3rd, 2025113Naperville, Ill. – Alloya Corporate Federal Credit Union announced today that Jim Schneck has been named Senior Vice President of Payments. In this role, he will oversee Alloya’s Payments business.
Schneck joined the corporate in 2018, overseeing the strategic planning process as Chief Strategy and Innovation Officer. He was also responsible for Alloya’s payments business growth and innovation efforts, assessing changing technology and industry dynamics to determine the most advantageous growth pathways for members and Alloya. His background includes serving clients as a member of financial and consulting firms such as McKinsey &...
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