The Benefits of Alloy for Credit Unions | Alloy
Credit Unions
Elevate member experience and unlock safe growth with Alloy
Alloy serves credit unions of all sizes — from community to multiregional — enabling them to onboard members quickly, continuously monitor their activity, and offer them new products, while keeping their business safe and compliant.
Design and support your ideal member journey without taking uncomfortable risks.
Alloy serves the world's leading financial institutions, including 7 of the top 10 credit unions.
Benefits for credit unions
Accelerate member growth
Grow your member base, increase top-of-funnel conversion rates and onboarding automation rates, and enable faster decisioning so you can focus on optimizing your members’ banking experience and financial well-being.
Learn more about our onboarding solutions
Access the industry’s broadest network of third-party data solutions
Consolidate vendor relationships and integrations by easily selecting from a variety of best-in-class solutions for KYC/KYB, AML, direct lending, indirect lending, and fraud verification. With pre-built integrations to 200+ data products, seamlessly test and deploy data vendors within hours.
Learn more about Alloy’s data orchestration capabilities
Streamline omnichannel risk management
Provide a consistent and unified member experience across channels, including online, in-branch, call center, and dealer portal applications. Design tailored policies that cater to the risk of each channel, all while ensuring your members are held to the same standard.
Learn more about omnichannel risk management
Improve member experience by keeping their accounts secure
Fraud can significantly impact the member experience and erode trust in your organization. You want your members to know that their security is your top priority, and you are always working to protect their accounts, identity, and personally identifiable information (PII). Control when to apply adaptive friction, run passive verification, or grant access to additional products/services.
Stop fraud attacks and scale your fraud prevention
Leverage actionable AI to stop fraud before it escalates
Reduce fraud losses and increase trust by using a proactive, identity-centric approach and continuously computing the risk profiles of your members.
Learn about Alloy’s actionable AI tools
Enhance operational efficiency
Improve efficiency by automating decisions and only applying additional fraud checks to high-risk applicants.
How Consumers Credit Union grows with Alloy
Consumers Credit Union utilizes Alloy to instantly verify over 78% of applicants while keeping fraud in check.
Alloy enables a streamlined, omnichannel onboarding experience that supports both growth and smarter risk decisions.
With Alloy, Consumers has experienced:
5X ROI on fraud prevention
78% automation rate for onboarding decisions
96% reduction in time to implement policy updates
India Hoskins
Data & Analytics Manager at Consumers Credit Union
“We’re able to shift our focus toward areas of growth because we don’t have to spend so many resources on fraud. We’ve been able to designate resources for think tanks to ensure we are constantly evolving and expanding. Our loan growth has been increasing by 12% year over year, which is a remarkable achievement considering that many organizations are content with maintaining a flat growth rate."
Alloy solutions
New member onboarding
- Account opening
- Deposit acquisition
- Consumer and small business onboarding
- Identity verification
Direct/indirect consumer lending
- Credit underwriting for personal loans, credit cards, insurance, and mortgages
- Prequalification
- Credit line management
- Credit remarketing
Fraud monitoring
- New account fraud
- Synthetic fraud
- Deposit fraud
- Identity verification
- Payment interdiction
Compliance automation
- Initial and ongoing KYC/KYB regulations
- AML sanctions and watchlist screening
- BSA/AML transaction monitoring
- Customer risk rating
- Case management and SAR filing
How MACU uses Alloy to enhance onboarding and prevent fraud
Prior to working with Alloy, Mountain America Credit Union’s fraud detection system automatically approved too many members, including fraudulent applicants, and they had to manually review each online application. After implementing Alloy, they were able to adjust the flexible workflows as needed to optimize the amount of well-intentioned members they let through their onboarding funnel.
With Alloy, Mountain America Credit Union has experienced:
29% decrease in fraudulent applications
6% decrease in manual reviews
Rob Woellhaf
Vice President, Fraud Management at Mountain America Credit Union
“Alloy gives us a lot more visibility into the concerns behind flagged applications. It helps us understand what type of fraud we’re dealing with, so we can better protect our members and the credit union.”
How to build the ideal digital credit application experience
Consumer expectations are higher than ever — and they want a fast, intuitive application process that’s both low-touch and personalized at the same time. Learn ways to optimize your credit underwriting processes, so they prioritize compliance without jeopardizing the member experience.
Our partners
And many more. Visit our Partner Center to see our complete list of partners.