Veridian CU • Headquarters: Waterloo, IA
Assets: $3.7B • Core Banking System: Fiserv XP2
“In August, we prevented $175,000 and so far in 2017 we’ve stopped $1.2 Million in check fraud losses […] Verafin’s alerts have played a significant role in our ability to stop that activity.”
Rapid growth causes challenges throughout an organization. This is particularly the case for a financial institution and its fraud detection efforts.
A $200M community credit union in 1990, today Veridian is a thriving $3.7B-in-assets institution with 30 branches located across Iowa and Nebraska — servicing over 200,000 members.
Read about how Verafin’s FRAMLx software is helping Veridian guard against the threat of criminal activity that comes with exceptional growth.