Alloya25: How Alloya Supports Small Credit Unions in Today's Merger Environment...

alloya_kimandsierra_audio.mp3
File Size:	7435 kb
File Type:	mp3

Download File

---

Kim Perkins, VP, Member Services and Relations at Alloya, and Sierra Pieniazek, Senior Consultant, Member Relations at Alloya, stopped by the Studio Lounge to share highlights from their Symposium session on how Alloya supports small credit unions -- especially in today's very active merger environment.

In particular, Kim and Sierra details the challenges small credit unions face, particularly during mergers -- emphasizing the importance of maintaining member services.

They also talked about the scholarship opportunities that make professional education more accessible for small credit union leaders, which enables small credit unions to attend educational events -- adding that education and training are essential for their growth.

Q&A summary...
What specific resources does Alloya provide to small credit unions with assets under 50 million?
Alloya offers dedicated resources including a knowledgeable account representative who can provide quick answers to product and service inquiries, ensuring that small credit unions have immediate access to the information they need.
How does Alloya assist credit unions during the chartering process?
Alloya supports credit unions in the chartering process by helping them find a corporate credit union and guiding them through the initial stages of starting their services, including a special waiver to help them get on their feet.
What is the significance of Alloya's services for smaller credit unions that are often stretched thin?
Alloya's services are crucial for smaller credit unions as they provide a lifeline of support, sharing knowledge and experience that helps these institutions navigate challenges, especially during tough times.
What is the CMG scholarship and who is eligible to apply?
The CMG scholarship is available for credit unions with assets under 100 million, covering costs for events like league conventions, including registration, hotel, meals, and flights, to help them stay relevant and educated.
How long has Alloya been offering the CMG scholarship to small credit unions?
Alloya has been offering the CMG scholarship for about 15 years, helping credit unions participate in important educational events.
Do services from Alloya automatically kick in for smaller credit unions that join?
Yes, services automatically activate for smaller credit unions upon joining Alloya, without the need for additional paperwork.

Check it out and let us know your thoughts. And be sure to visit our Credit Union Leadership Symposium interview archive page to see all our episodes from this event -- as well as visiting our sponsor/host supporting our Studio Lounge coverage: Alloya Corporate Federal Credit Union.