April 9th, 2025014Naperville, Ill. – Alloya is proud to announce that its Loan Participation Platform recently exceeded $3 billion in loan participation transactions. In 2021, Alloya’s Loan Participation Platform transformed what was once a time-consuming manual process into a centralized marketplace with fully automated transactions, quickly connecting buyers and sellers and reducing processing time from weeks to just days.
“The success of our Loan Participation Platform is a testament to Alloya’s innovative spirit and commitment to members,” said Todd Adams, Alloya’s CEO. “Motivated by our mission of supporting credit union success, we...
April 4th, 2025014HUNTSVILLE, Ala. – Redstone Federal Credit Union’s President & CEO, Joe Newberry, is among six new members recently appointed to the Federal Reserve Bank of Atlanta’s Community Depository Institutions Advisory Council (CDIAC).
The CDIAC was established in 2010 by the Board of Governors to provide input on the economy, lending conditions, and other issues of interest to community financial institutions. The council consists of a group of bankers and industry experts. Newberry joins Angie Barger, Aaron Dorn, Susan Moss, Brian North, and Suzanne Weinstein. They will each serve three-year terms that expire in 2027.
“I am truly...
April 4th, 2025012PENSACOLA, Florida & ROANOKE, Virginia – PenAir Credit Union (PenAir) and Star City Federal Credit Union are pleased to announce that regulatory approval has been granted for their merger, which will officially take effect on May 1, 2025. This union brings together two member-focused credit unions to provide expanded financial services, enhanced digital banking, and a more substantial community impact for members in Southwest Virginia.
Star City Federal Credit Union members will become part of PenAir Credit Union, gaining access to a broader suite of financial products and services, enhanced rates, expanded access, and PenAir’s...
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NEWPORT NEWS, Va.– For the fifth consecutive year, BayPort Credit Union has won in the Diamond Awards by America’s Credit Unions’ Marketing, PR and Business Development Council. This year, BayPort is honored with three awards in the Public Relations, Financial Education, and Ongoing Event categories.
BayPort is one of nine credit unions in Virginia and only three in Hampton Roads to have won. BayPort is pleased to be the only credit union in Virginia to win three Diamond Awards this year, attributing its continuous success to its marketing department’s in-house creative and promotional efforts.
In the Public Relations...
April 4th, 202507BIRMINGHAM, Ala. — AmFirst is excited to announce the official start of construction on its new student. branch at Jacksonville State University. This milestone follows the historic partnership established in August 2024, which included the naming rights to AmFirst Stadium. The new branch, located at the corner of Pelham Rd N and Skelton St NW, across from the Jax State College of Business and Industry, is set to open in Fall 2025.
This branch will serve as a financial hub for students, faculty, and the broader Jacksonville community. Designed with accessibility and convenience, the branch will be open during normal business hours,...
April 4th, 2025011Dallas, Texas – ALM First, a strategic partner for more than 300 financial institutions nationwide, is continuing to expand its hedging team to meet growing industry needs. Rebecca Judge, a hedge accounting professional with more than 20 years of experience, recently joined the firm as Senior Manager, Hedging Operations.
“We’re pleased to welcome Rebecca to the team,” says Juan Arreola, CPA, Director of Hedging and Hedge Accounting, ALM Strategy Group. “As more financial institutions seek comprehensive hedging and derivative advisory services, her skills and over two decades of experience will help support the firm’s expanded...
April 4th, 202506Virginia Beach, VA – Chartway Credit Union is pleased to announce Doug Almeida’s promotion from vice president of digital banking to senior vice president of consumer lending. Almeida will lead Chartway’s consumer lending strategy in his new role, overseeing secured and unsecured lending. He will also retain oversight of payments and continue driving innovation in that area.
Almeida joined Chartway’s consumer lending team in 2019. He stepped into the role of director of lending analytics and provided leadership in the development and execution of a comprehensive analytics strategy. Many of these strategies drove critical business...
April 4th, 202507New embedded financing solution revolutionizes credit union financing, creating 23,833 new members and offering instant funding through FedNow.
Irvine, Calif.– Origence, the leading credit union lending technology company in the U.S., announced its subsidiary, FI Connect, funded $1 billion in Tesla purchases in its first year of operations. FI Connect offers credit union financing options to national retailers, providing borrowers with affordable solutions with embedded financing. In its inaugural year, the company enabled embedded financing opportunities for 34 credit unions, processing 24,839 total loans and creating 23,833 new credit...
April 4th, 2025012LAKE MARY, Fla. – The Addition Financial Foundation is proud to announce its 2025 Renovate to Educate program, which will enhance the ability of four Central Florida schools to support students in need before the next school year. This year marks a meaningful change in the program's focus, as the Foundation shifts its efforts from renovating individual teacher classrooms to enhancing the overall 'needs spaces' within schools.
A "Needs Space" is a dedicated area within a school stocked with food and personal items for unhoused or low-income students and their families. By addressing the needs of common areas such as the food/clothing...
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