Volunteer Corporate Credit Union and Alloya Corporate FCU have partnered on a new collaboration that will bring credit unions an online investment tool to help perform many of their daily investment activities.
Alloya, through its CUSO, Balance Sheet Solutions, LLC, has launched Premier Portfolio, a new service that allows credit unions to easily perform many of their daily investment activities through one secure on-line channel.
According to the corporates, the collaboration came about when Alloya was looking to develop additional content for its online transactional portal that would allow credit unions to efficiently complete investment transactions and store related analysis and records.
Alloya CEO Todd Adams had a conversation with Jeff Merry, president/CEO of VolCorp, about their technology, V-Portfolio, which offered everything Alloya was looking to provide. Instead of spending money to develop two separate technologies that essentially did the same thing, both corporates decided the best solution for credit unions was to work together.