Loyalty is defined as devotion to a person, institution or idea. I think"devotion" is somewhat stronger than what you're describing.
I'd say someone calling you out is not exhibiting loyalty to you, but more like integrity, or loyalty to some other ideal, like truth, or business success, that you also value. Devotion to ideals is better than to people, though devotion by definition can still be blinding and dangerous (religion? Laissez-faire free markets?).
I'd say that what you're describing is a respect for people with who will fight for principles that you agree with, and that generates a kind of camaraderie, but don't confuse camaraderie for loyalty.
Anyway, not to go down a rabbit hole, the danger of loyalty as a concept is just something I happened to be thinking about lately. I just can't think of any valid instances of loyalty that didn't have very bad failure modes, so I'm inclined to write it off entirely as a value one should aspire to develop.