Alloya Announcement: Alloya Corporate Selects ACH Replacement

Warrenville, IL- Alloya Corporate FCU announced today that it has chosen Fundtech, a leading provider of financial technology to power its ACH solution, replacing Alloya’s current product based on the U.S. Central Bridge Corporate APEX-ACH platform with Fundtech’s PAYplus-ACH™. Alloya’s new ACH products will help keep fees stable for converting credit unions while offering several attractive enhancements, including built-in automation and risk management tools designed for smoother operation and performance.

“Our new ACH products provide a great framework to assist our members in moving off of U.S. Central’s platform. It also delivers an alternative for other credit unions seeking to make a change from their current providers,” said Alloya’s Kevin Brauer, Senior Vice President, Member Relations. “Our ACH platform will ensure continuity of service, a smooth transition and will provide user friendly functionality.”

Alloya’s new ACH suite will include a robust ACH receipt and ACH origination product, and will be accessed through Premier View; the corporate’s secure online account management system. Premier View will allow authorized users to securely and easily access the ACH platform from within a consistent interface that also provides one stop administration of a myriad of other services provided by Alloya.

Alloya has already begun detailed systems analysis and integration planning for the new offering. The corporate expects to begin converting members in early summer 2012. It will provide a detailed packet of information to members that will include a welcome guide, frequently asked questions and user manuals. In addition, each member will be assigned a conversion coordinator and will have the opportunity to participate in training sessions and tests designed to ease the conversion process.

About Alloya Corporate FCU Alloya Corporate Federal Credit Union is a wholesale financial institution – a credit union for credit unions. Alloya is among the largest corporates in the nation with over 1,100 credit union memberowners. Focused on value, Alloya offers a variety of financial and correspondent products and services that leverage the power of aggregation to ensure its members remain competitive in today’s marketplace. Alloya is headquartered in Warrenville, Illinois with major operations in Albany, New York. To learn more, visit www.alloyacorp.org.