Kern Schools FCU announced has chosen Alloya Corporate FCU to be its new corporate.
“We are delighted to have become a capitalized member of Alloya,” said Steve Renock, president\CEO at Kern Schools. “Alloya’s flexible capital requirement is based on our usage of their balance sheet and not on our own asset size. This flexibility was an important consideration, plus Alloya has a strong and growing membership. But most importantly for us, they have product offerings and member support that work for us and will help Kern Schools grow.”
Kern Schools will be converting to Alloya’s item processing and check collection services, and will warehouse images, including images currently housed at Western Bridge, through Alloya’s image retention services. Conversions to Alloya’s products will begin immediately, with completion targeted for this summer. Staff training on Premier View, Alloya’s secure online account management system, will also begin shortly, the credit union said.
Kern Schools, based in Bakersfield, Calif., has nearly 170,000 members and $1.3 billion in assets.