Alloya issued its financial statement and in it the corporate reported, "On a year-to-date basis, Alloya Corporate has recorded net income of $9.6 million."
Second corporate in a week to commit to Jersey City processor as U.S. Central Bridge closure approaches.
As discussion of the impacts of NCUA’s recent memo outlining termination dates for various services offered by U.S. Central Bridge grows in the industry, one deadline has generated heated discussion–and worries–on the part of some credit union leaders. That is auto settlement, a comparatively obscure wholesale settlement service where U.S....
A wave of outsourcing may be heading toward the corporate credit union sector. That at least is the hope of Murthy Veeraghanta, CEO of VSoft, a Duluth, Ga.-based provider of computer processing to hundreds of financial institutions, a number that just grew by one with the signing of a deal...
New corporate goes with old name in corporate item processing.
Sources name Alloya, SunCorp, CenCorp and Catalyst.
Commitment from hundreds of small credit unions pushed new corporate over the top.
New corporate would be successor to Members United Bridge if NCUA approves.
Motorola Employees CU CEO says he's confident Alloya will reach capital commitment goal by Aug. 31 deadline.
Corporate credit union universe now focused on Alloya, the new corporate attempting to rise out of Members United Bridge.