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Alloya Corporate FCU Private Placement Memorandum Overview

Alloya Corporate FCU Private Placement Memorandum Overview. Changes. Much in the plan, as demanded by members has changed: Capital Plan Risk profile Products are now mainly outsourced Management Much in the plan is unchanged, to leverage expertise: Pricing Service levels Staff

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Alloya Corporate FCU Private Placement Memorandum Overview

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  1. Alloya Corporate FCUPrivate Placement MemorandumOverview

  2. Changes • Much in the plan, as demanded by members has changed: • Capital Plan • Risk profile • Products are now mainly outsourced • Management • Much in the plan is unchanged, to leverage expertise: • Pricing • Service levels • Staff • Product set • Product delivery

  3. Capital Plan Objectives A capital plan that recognizes the unique relationship each credit union has with the corporate. • Gross debit settlement represents a good proxy of member usage. • Minimizes the new capital requirement – most credit unions will have an investment of less than 20 bps of assets. • Represents an investment, not an expense. • Provides a foundation for a new corporate.

  4. Minimum and Maximum Capital Requirements

  5. Comparative Capital Levels

  6. Facts • Lowest capital buy-in, not based on assets • New corporate built for the new Reg. 704 • Clean balance sheet • No disruption to credit union members, staff • Balance Sheet Solutions to handle investments • Advice, product • Unparalleled service with people you know • Highly skilled and experienced in mergers • Perks to get in early

  7. Items Mailed • Introductory Letter from John Fiore • Information Document and Instructions • Private Placement Memorandum • Member Capital Requirement Statement • Subscription Agreement (one copy) • Board Resolution (one copy) – return to Alloya • Unbound Signature Page of the Subscription Agreement (2 copies) – return to Alloya • Business Reply Envelope – return to Alloya

  8. Action Items Forms to be returned to Alloya • Signed Board Resolution • Two signed execution pages • Return envelope provided

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