The sale of TruLync’s item processing services to Alloya Corporate Federal Credit Union is entering it’s next phase. Following the completion of due diligence, the purchase agreement has been signed. Alloya FCU will now work with credit union clients to set a conversion date to occur on or before October 31, 2021. Our team of professionals from TruLync and Alloya FCU will work hard to ensure a seamless transition, so that credit unions will immediately begin to realize the benefits of this strategic partnership.
TruLync has found a strong partner in Alloya Corporate Federal Credit Union and is pleased to keep the item processing business in the credit union system. TruLync Services, including the business lines of Prize Linked Savings and M360 Data Analytics, will not be impacted by the transaction.
With questions, contact MnCUN President & CEO Mark Cummins or Chief Operating Officer John Ferstl.