Contracts

Membership – Required of all members.

• Master Membership Contract (MMC) – Binds all members to Master Membership Operating Agreement and Product Operating Agreements as selected by member.
  Summary of Changes | Redline Version | Final Version
  
• Master Membership Contract (MMC) - Associate – Binds all members to Master Membership Operating Agreement and Product Operating Agreements as selected by member.
  Summary of Changes | Redline Version | Final Version
  
• Master Membership Agreement (MMA) – Establishes terms for settlement account, funds transfer and Premier View use. Executed electronically via Premier View.
  Revised May 2023: Summary of Changes | Redline Version | Final Version

Product Operating Agreements (POAs) – Member selects contracts based on services used and executes electronically via Premier View.

• ACH Origination Contingency Processing – For use by member credit unions that do not process ACH through Alloya but may need to use Alloya in a contingency situation.
  Redline Version | Final Version
• ACH Origination Services – For use by non-financial institutions such as Credit Union State Leagues and CUSOs to process ACH origination.
  Redline Version | Final Version
• ACH Receipt Contingency Processing – For use by member credit unions that do not process ACH through Alloya but may need to use Alloya in a contingency situation.
  Redline Version | Final Version
• ACH Services – For use by member credit unions that process ACH receipt, origination, and/or SEG origination through Alloya.
  Redline Version | Final Version
• Advised Line of Credit/Loans – For use by members that wish to have a line of credit or term loan.
  Summary of Changes | Redline Version | Final Version
• Check Clearing Services – For use by member credit unions that process member share drafts drawn on the credit union’s RTN.
  Summary of Changes | Redline Version | Final Version
• Check Deposit Services – For member credit unions that use image deposit collection services regardless of the capture software they use.
  Summary of Changes | Redline Version | Final Version
• Check Deposit Services Software License and Maintenance – For members to license and use Alloya’s image capture software.
  Redline Version | Final Version
• Coin and Currency Services – For member credit unions that use Alloya’s cash vaulting services for delivery of cash and coin orders to their branches or ATMs.
  Summary of Changes | Redline Version | Final Version
• Credit Union Checking – For use by member credit unions that issue checks for the purposes of official checks/money orders/cashier's checks.
  Redline Version | Final Version
• International Wires – For use by members that wish to initiate an international wire using Alloya to a foreign entity.
  Redline Version | Final Version
• Loan Participation Platform – For member credit unions that use Alloya's fully secured, online system for the purchase and sale of loan pools.
  Master Agreement | Product Operating Agreement | Confidentiality Agreement
• Partner Checking – For use by non-financial institutions such as Credit Union State Leagues and CUSOs to clear checks drawn on Alloya Corporate FCU’s RTN.
  Redline Version | Final Version
• Premier Portfolio – For credit unions that wish to invest via a secured online portal.
  Redline Version | Final Version
• Real-Time Payment Processing – For member credit unions that process real-time payments transmitted over the FedNow® Service and/or RTP® network through Alloya.
  Final Version
  
• Real-Time Settlement – For member credit unions that settle real-time payments transmitted over the FedNow® Service and/or RTP® network through Alloya.
  Final Version
  
• Safekeeping Services – For member credit unions investing in marketable securities and utilizing Alloya as a safe place to keep them.
  Redline Version | Final Version
• Secondary Account – For use by members that require a second settlement account for clearing activity.
  Redline Version | Final Version
• Student Loan Program (Sallie Mae) – For use by members that wish to enroll in a student loan referral service.
  Redline Version | Final Version
• Subordinated Debt Serving – For use by members that wish to sell subordinated debt (secondary capital).
  Final Version