WARRENVILLE, Ill. and LENEXA, Kan. (3/16/12)--Alloya Corporate FCU will provide technology services to corporate credit union service organization Core Network Processing (CNP) LLC, in an agreement announced Wednesday.
CNP was organized to provide core data processing services and a secure Internet portal to eight corporate credit unions. CNP also helps credit unions perform cash management functions.
When the National Credit Union Administration announced that U.S. Central Bridge would wind down operations, CNP issued a bid request for a new service provider to replace support from U.S. Central Bridge. Alloya was the successful bidder over third parties outside the credit union system.
"Over the past few years, U.S. Central has provided CNP with exceptional service and support," said Teresa Brent, CNP managing director. "In Alloya, we have found a partner that has the technology expertise to ensure a seamless transition for CNP and ultimately the credit unions that use the system."