Alloya Announces Key Promotions of Current Executive Leadership

Victor A. Vrigian, Jr.
Vice President, Marketing
Alloya Corporate FCU
(518) 292-3835

Warrenville, ILL., May 8, 2012 – Alloya Corporate FCU is pleased to announce expanded responsibilities for two of its executives: Todd M. Adams and Kevin A. Brauer.

“We are thrilled to have both of these dedicated, credit union focused individuals on our team,” said Alloya’s Chief Executive Officer, Charles Furbee. “Their leadership has been instrumental in making the members’ desire for a new corporate credit union a reality. With their new responsibilities, they will both continue to guide and help the corporate grow as we move forward with new and enhanced products, operating platform conversions, and strategic partnerships.”

Mr. Adams, based in the corporate’s Warrenville office, will maintain his current role as Chief Financial Officer. Areas of responsibility include executive oversight for the accounting, information systems, compliance, operational integrity and project management functions of the corporate.

Adams will add the title of Senior Vice President and Director, Affiliated Business Services. His expanded duties will ensure consistent administration of the corporate’s affiliated business services, and provide a focal point for new ventures of this type. These services currently include credit union service organizations (CUSOs) that are both wholly owned (Balance Sheet Solutions, LLC) and jointly owned (CU Business Group), as well as entities in which Alloya has a significant financial interest (SimpliCD and Core Network Processing, LLC).

Mr. Adams possesses a diverse background within the financial services industry, including nine years of service at the corporate. A Certified Public Accountant and a member of the American Institute of Certified Public Accountants, Adams holds his Bachelor’s in Business Administration from the University of Iowa.

Mr. Brauer, based in the corporate’s Albany, New York office, will maintain his current role as Senior Vice President, Member Relations, leading the corporate’s member relations division. Areas of responsibility include executive oversight of the corporate’s sales, member call center, marketing and payments processing operations, as well as the corporate’s relationships with various state and national credit union organizations.

Brauer will add the title of Chief Operating Officer. In that role he will be responsible for leading the corporate through several simultaneous operating changes (conversions from U.S. Central Bridge platforms including ACH, the outsourcing of item processing operations to VSoft Corporation and the launch of its Remote Deposit Capture suite). Brauer will also fulfill a key role in the integration of operations between Alloya and any future strategic partners.

Brauer has over 20 years of service at the corporate, bringing an extensive accounting, finance and operations background to Alloya. A Certified Public Accountant and a member of the American Institute of CPAs and the New York Society of Certified Public Accountants, Brauer holds his Bachelor’s degree in Business Administration from Niagara University, and holds his M.B.A. from Marist College.

About Alloya Corporate FCU
Alloya Corporate Federal Credit Union, the first new corporate to be capitalized and chartered by members in nearly 20 years, is a wholesale financial institution – a credit union for credit unions. Alloya is among the largest corporates in the nation with more than 1,100 credit union member-owners. Focused on value, Alloya offers a variety of financial and correspondent products and services that leverage the power of aggregation to ensure its members remain competitive in today’s marketplace. Alloya is headquartered in Warrenville, Illinois with major operations in Albany, New York. To learn more, visit

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