Tuesday night it announced it had hit its capital goal of $70 million, Wednesday Alloya revealed more information about its apparent success.
The key: "Tremendous support from small credit unions," said John Fiore, CEO of the $796 million Motorola Employees Credit Union in Schaumburg, Ill., and chair of the Alloya Charter Advisory Group.
Fiore said in an interview that as of Wednesday, Alloya can claim 1,063 members. Of that number, 400 are under $10 million in assets. Another 400 are under $50 million in assets. "That is our core," said Fiore.
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