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Alloya Corporate Federal Credit Union

Alloya Corporate FCU

Solution(s): Real-Time Settlement & Real-Time Processing
Website(s): alloyacorp.org (Off-site)
Contact: Lisa Richmond, lisa.richmond@alloyacorp.org

Inclusion of a provider in the exchange does not reflect any recommendation or endorsement by the Federal Reserve, or any relationship between the provider and the Federal Reserve. Learn more.

Services and products to support the FedNow® Service

Alloya processes real-time settlement, liquidity management solutions and real-time processing for our member credit unions. Our solutions are core-agnostic. We work directly with credit unions to facilitate the necessary integration required for testing and production capabilities.

Segment type(s)

  • Financial Institution Service Provider
  • Participating Financial Institution

Solution type(s)

  • Correspondent Services (settlement)
  • Digital User Experience (mobile/online interfaces)
  • Payment Service Providers
  • Payments Hubs/Platforms/Payment Gateways

Use cases/markets served

  • Bill Pay and Presentment
  • Brokerage
  • Construction
  • Digital Wallet Funding/Defunding
  • Government (e.g., municipality, state, federal)
  • Health Care
  • Insurance
  • Loans (direct or indirect)
  • Merchant
  • P2P Payments
  • Payroll
  • Real Estate (e.g., escrow, property management)
  • Transportation

FedNow functionality supported

  • Connectivity to the FedNow Service via FedLine® Solutions
  • Correspondent Settlement Services
  • FedNow Profile Management
  • FI Staff-Initiated Transactions
  • Receiving FedNow Transactions
  • RFP Transactions – Businesses Receiving
  • RFP Transactions – Businesses Sending
  • RFP Transactions – Consumers Receiving
  • RFP Transactions – Consumers Sending
  • Sending FedNow Transactions – Business Accounts
  • Sending FedNow Transactions – Consumer Accounts

Ability to integrate with outside core processing solutions

  • Yes, any (core agnostic)

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Note on exchange information

Federal Reserve Financial Services (FRFS) is solely a host for the information presented in this Innovator Exchange and the inclusion or exclusion of a provider should in no way imply any relationship with, or recommendation or endorsement by, the Federal Reserve. Exchange presenters are not utilized by the Federal Reserve for the production or delivery of the FedNow Service. FRFS takes no responsibility for the content or accuracy of the information presented. Users of the exchange should perform their own due diligence on providers. See the Terms of Use and Privacy Policy for additional information.