Senior Vice President, Membership Alloya Corporate FCU
(518) 292-3808
tim.bruculere@alloyacorp.org<\/a><\/p>\n
FOR IMMEDIATE RELEASE<\/h5>\n
Naperville, Ill. (July 8, 2025) <\/strong>\u2013 To do something that has never been done before requires initiative, hard work, The securitization, backed by a diversified pool of auto loans originated by the three credit unions involved, was structured to optimize investor appeal while maintaining strong credit quality. The deal 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.<\/p>\n \u201cThis transaction exemplifies the power of cooperation within the credit union system,\u201d said Andrew Kohl, Alloya\u2019s Chief Investment Officer. \u201cBy pooling resources and leveraging Alloya\u2019s capital markets expertise, our member credit unions were able to access the securitization market in a way that would be difficult to achieve independently. Our goal is to provide a platform for ongoing access to markets using this initial transaction as the \u2018template\u2019 for future deals.\u201d<\/p>\n \u201cThis securitization highlights the power of the cooperative network and what can happen when credit unions work together,\u201d said Amy Sink, CEO of Interra Credit Union. \u201cInterra is honored to be a part of this first-ever transaction and looks forward to participating with other credit unions on future deals.\u201d<\/p>\n Sean Rathjen, CEO of Consumers Credit Union, echoed this sentiment. \u201cThe partnership with Alloya and two fellow credit unions is a great example of the collaboration and cooperation amongst credit unions. This is the first of many multi-entity auto loan securitizations which will provide another option for liquidity and credit risk mitigation,\u201d Rathjen remarked. \u201cI applaud Alloya for spearheading this project and look forward to more innovation with them. Wall Street will have a detailed review on the performance of credit union underwriting and will reward us over time with better market pricing. Many thanks to the Alloya team for providing the support and guidance in this transformative transaction.\u201d<\/p>\n The deal reflects growing interest among credit unions in structured finance as a tool for managing risk and funding growth. It also underscores Alloya\u2019s commitment to delivering innovative financial solutions that empower its members to thrive in a competitive lending environment.<\/p>\n Dan Stoltz, CEO and President of Blaze Credit Union, also expressed excitement about his team\u2019s involvement in the securitization. \u201cBlaze is honored to partner with Alloya Corporate, Interra and Consumers to facilitate another liquidity avenue for credit unions nationwide. Our teams have collaborated extensively over the past nine months to deliver a triple win: a win for Blaze, our members and the credit union industry,\u201d said Stoltz.<\/p>\n \u201cAlloya\u2019s Board of Directors is filled with visionaries, and they challenged management to open the doors to this alternative source of liquidity for the credit union network. It was not easy to accomplish this historic milestone, but these credit unions worked well together and cleared several hurdles to create a path for other credit unions to follow. Alloya\u2019s mission is to support credit union success and simplify their back office lives \u2013 mission accomplished,\u201d remarked Todd Adams, Alloya\u2019s Chief Executive Officer.<\/p>\n Alloya continues to explore new avenues to support credit union success through securitization, loan participations and other capital markets strategies. Those interested in learning more can visit www.alloyacorp.org\/capital-markets-<\/a>simplified.<\/a><\/p>\n <\/p>\n Alloya provides cooperative financial services to over 1,300 member credit unions and credit union entities nationally. Together, the member-owners of Alloya wield aggregated power to gain access to affordable, comprehensive products and services \u2014 including transactions, liquidity and investments \u2014 to give each credit union a strategic advantage in the marketplace. Headquartered in Naperville, Illinois, Alloya offers a dependable and competitive line of credit, secure and efficient product access and settlement, and unparalleled member service, which are available to all credit unions with or without a capital contribution. In addition to the support Alloya provides its membership, Alloya supports multiple credit union leagues and associations throughout the country and gives back to local communities nationwide by making a variety of charitable donations. Visit www.alloyacorp.org<\/a> to learn more.<\/em><\/p>\n Blaze Credit Union is a full-service financial institution with Minnesota roots dating back to 1931. Blaze serves nearly 250,000 members, registers over $4.5 billion in assets and has 28 branch locations. Blaze is here to help members \u201cGo for it\u201d by providing financial guidance and encouragement along life\u2019s journeys. Driven by Midwestern values like community, integrity and plain old hard work, Blaze is committed to providing smart financial products, great rates and top-tier service as it lives its mission of bettering lives. For more information, please visit www.blazecu.com.<\/em><\/p>\n Founded in 1930 and headquartered in Lake Forest, IL, Consumers Credit Union (CCU) has $4 billion in assets and serves more than 250,000 members, making it one of the largest credit unions in the state. CCU believes that nobody needs banks on every corner, but everyone needs people who are in their corner. To learn more, visit www.myconsumers.org.<\/em><\/p>\n For more than 90 years, Interra Credit Union has been serving members \u2014 starting with just seven charter members and one small office back in 1932. From strong roots, great things grow. Interra\u2019s deep roots in our communities have allowed us to expand, serving even more of our neighbors. Today, Interra Credit Union serves more than 90,000 members at 16 offices in North Central Indiana. The solid, stable and strong foundation built through the years continues today. For more information, visit www.interracu.com.<\/em><\/p>\n ###<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n ","protected":false},"excerpt":{"rendered":" [et_pb_section fb_built=”1″ _builder_version=”4.9.4″ _module_preset=”default” custom_padding=”0px|||||”][et_pb_row _builder_version=”4.9.4″ _module_preset=”default” custom_padding=”0px|||||”][et_pb_column type=”4_4″ _builder_version=”4.9.4″ _module_preset=”default”][et_pb_text _builder_version=”4.9.4″ _module_preset=”default”] Contact: Tim BruculereSenior Vice President, Membership Alloya Corporate FCU(518) 292-3808tim.bruculere@alloyacorp.org FOR IMMEDIATE RELEASE Alloya Corporate FCU Facilitates Multi-Issuer Auto Loan Securitization Naperville, Ill. (July 8, 2025) \u2013 To do something that has never been done before requires initiative, hard work, creativity and, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/posts\/5735"}],"collection":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5735"}],"version-history":[{"count":0,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=\/wp\/v2\/posts\/5735\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ncultheaffiliate.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Alloya Corporate FCU Facilitates Multi-Issuer Auto Loan Securitization<\/strong><\/p>\n![\"\"](\"http:\/\/www.ncultheaffiliate.com\/wp-content\/uploads\/2015\/03\/alloya-corporate-federal-credit-union-85266947.jpg\")
creativity and, in this case, the Power of Cooperation <\/em>that credit unions use as their secret weapon to compete. Alloya, working alongside three credit unions, Blaze (Minnesota), Consumers (Illinois) and Interra (Indiana), completed the credit union network\u2019s first ever multi-issuer<\/u> <\/strong>prime auto loan asset-backed securitization (ABS). This group of credit unions should be considered pioneers as they have opened a significant new source of liquidity for the entire credit union network. Banks have never completed a multi-issuer ABS, and this powerful story is a shining example of how credit unions working together can build capabilities that only the largest financial institutions in the United States possess.<\/p>\nAbout Alloya Corporate FCU<\/em><\/h6>\n
About Blaze Credit Union<\/em><\/h6>\n
About Consumers Credit Union<\/em><\/h6>\n
About Interra Credit Union<\/em><\/h6>\n