Multiplying Value for Members
To locate premium solutions and create additional value for credit unions and their members, Alloya regularly evaluates providers that may be suitable for partnership.
This commitment to delivering affordable products developed by leading providers creates competitive advantages for credit unions. It also eases the burden on individual credit unions seeking quality products themselves. Often credit unions face a David-and-Goliath mismatch when trying to locate an appropriate solution on their own, ensuring that it works with their in-house systems, then attempting to obtain affordable pricing from vendors unwilling to negotiate.
With more members than any other corporate, Alloya’s power of aggregation can be effectively leveraged when negotiating with vendors. Potential collaborations with other corporates harness the benefits of scale even further, creating more buying power. Member-owners are the ultimate beneficiaries, gaining access to:
- Leading technologies
- Enhanced features
- New efficiencies
- Reduced costs
- Additional revenue streams
The information provided here is adapted from the corporate’s Business and Strategic Plan. Please consult the plan for detailed information.