Naperville, Ill. – Alloya is proud to announce that its industry-leading Loan Participation Platform recently exceeded $4 billion in loan participation transactions. Launched in 2021 with the goal of expanding access to buying and selling pools of loan participations across the system, Alloya’s Loan Participation Platform is a shining example of what can be accomplished through the Power of Cooperation. Built from the ground up with the credit union industry in mind, buyers and sellers can quickly connect in a centralized marketplace and take advantage of greatly reduced processing time.
“Alloya is honored to serve credit unions and CUSOs with the best Loan Participation Platform in the industry,” said Todd Adams, Alloya’s CEO. “The success of the platform speaks to the Power of Cooperation and Alloya’s commitment to delivering innovative services that simplify and streamline processes that were once complicated. We are thrilled to see how its rapid growth is serving our members across the nation.”
“Alloya’s Loan Participation Platform transformed what was once a time-consuming manual process into a centralized online marketplace where buyers and sellers can quickly and easily harness the power of loan participations through fully automated transactions,” said Andrew Kohl, CIO and President of Alloya Solutions. “This milestone of $4 billion in loan participation transactions on the platform testifies to the value it provides to our credit unions and CUSOs.”
Rooted in the Power of Cooperation, Alloya’s Loan Participation Platform brings credit unions together to share opportunity, strengthen balance sheets and keep value within the cooperative system. More than a technology solution, the platform is supported by Alloya’s dedicated team of loan participation experts, who provide trusted guidance, personalized service and full transparency throughout every transaction. By combining collaborative lending with hands‑on support, Alloya helps credit unions work smarter, support one another and achieve more together than they could alone. To learn more about Alloya’s Loan Participation Platform, visit www.alloyacorp.org/loan-participations.
###
About Alloya Corporate FCU
Alloya is a leading provider of cooperative financial services to over 1,300 member credit unions and credit union entities nationally. Together, the member-owners of Alloya wield aggregated power to access the best products and services in the industry – including liquidity, investments, digital payments and member solutions – to give each credit union a strategic advantage in the marketplace. Headquartered in Naperville, Illinois, Alloya offers unparalleled member service, a dependable and competitive line of credit, and a secure and efficient online processing platform for account management and transaction services, all of which are available to member credit unions with or without a capital contribution. In addition to the support Alloya provides its membership, the corporate supports multiple credit union leagues and associations throughout the country and gives back to local communities nationwide by making a variety of charitable donations. Visit www.alloyacorp.org to learn more.
Leave a Reply