NAPERVILLE, Ill.--Alloya Corporate Federal Credit Union has received the 2025 Auto Finance Excellence Award, presented by Auto Finance News during the 21st Annual Auto Finance Excellence Awards at the Auto Finance Summit 2025 in Las Vegas.
'These awards honor individuals and organizations that have demonstrated outstanding achievement and leadership in advancing the auto finance industry and its community, Alloya said.
“This year’s honorees demonstrate the ingenuity and leadership driving the future of auto finance,” said JJ Hornblass, publisher of Auto Finance News. “Their contributions strengthen the industry’s foundation of trust, accountability and innovation.”
"Based on nominations from industry executives and careful consideration by the senior editorial team of Auto Finance News, Alloya was awarded the 2025 Auto Finance Excellence Award for Deal Execution in connection with completing the credit union network’s first-ever multi-issuer asset-backed securitization (ABS)," Alloya said. "The historic $150-million transaction, backed by a diversified pool of prime auto loans originated by Blaze Credit Union (Minnesota), Interra Credit Union (Indiana) and Consumers Credit Union (Illinois), highlighted Alloya’s growing leadership and innovation in the world of capital markets and underscored what can be achieved through innovation and collaboration."
The securitization was structured to optimize investor appeal while maintaining strong credit quality and was sold to broad investor interest with the tranches being three to five times oversubscribed. Alloya provided strategic advisory, operational support and ongoing monitoring throughout the process, ensuring a seamless execution from issuance to servicing, the corporate stated.
“We are thrilled and honored to be a recipient of the 2025 Auto Finance Excellence Award,” remarked Todd Adams, Alloya’s chief executive officer. “This historic ABS deal is a testament to the power of cooperation that is at the heart of the credit union movement. Alloya is committed to continual innovation as we seek to support credit union success. We look forward to future collaborations with credit unions nationwide as a trusted capital markets partner that expands their capabilities by opening new avenues for liquidity.”
Alloya continues to explore new opportunities to support credit union success through securitization, loan participations and other capital markets strategies. Those interested in learning more can visit https://www.alloyacorp.org/capital-markets-simplified.