NASHVILLE, Tenn.– Volunteer Corporate Credit Union and Alloya Corporate FCU have announced a new collaboration. Alloya, through its CUSO, Balance Sheet Solutions, LLC, said it has launched Premier Portfolio, a new service it said allows credit unions to easily perform many of their daily investment activities through one secure on-line channel.
According to the corporates, Alloya was looking to develop additional content for Premier View (its online transaction portal) that would allow credit unions to efficiently complete investment transactions and store related analysis and records. During the early exploratory process, the corporates said Todd Adams, CEO of Alloya, had a conversation with Jeff Merry, president/CEO of VolCorp, about their proprietary 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 – ultimately strengthening this online service for both organizations and the members they serve,” the two corporates said.
“We are extremely proud of what we have developed in V-Portfolio and, by working together, we are empowering an additional 1,500 credit unions with a powerful technology that will help simplify their daily operations,” said Merry.
Added Adams, “The two corporates share a common mission to support credit union success. This new technology furthers that mission and credit union professionals will have more time to do what they do best – serve their members and their communities.”