Member Share Draft Processing

Alloya’s full-service Member Share Draft Processing service handles inclearing checks received from the Federal Reserve Bank, as well as items from other financial institutions. All share draft-related services can be performed online, saving your credit union time and effort.

Other features of the Member Share Draft Processing service include:

  • Adjustment resolutions performed by Alloya professionals on your credit union’s behalf (i.e. reject/repair files from the Fed, research potential adjustment items, detect and resolve duplicate files, reconcile/fund Federal Reserve account, etc.)
  • Duplicate items are detected and removed from all files before processing
  • Posting files available through an online download or secure FTP
  • Your home banking, e-statement or mobile application provider can integrate with Alloya’s Member Image Access to view cleared items
  • Seven-year image archive for all items processed through Alloya
  • Same-day availability of share draft images through TranZact
  • Ability to easily review exception items to make return decisions
  • Share draft estimated settlement reports, made available and updated throughout the processing day
  • Ongoing support from Alloya professionals