Case Study

Placing a Hold on Check Fraud

Verafin helps Veridian prevent over $1.2M in check fraud loss.

Share This...

Veridian CU  •  Headquarters: Waterloo, IA
Assets: $5.5B  •  Core Banking System: Fiserv DNA


“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 $5.5B-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.

Tagged as...

  •   Account Takeover
  •   Check Fraud
  •   Deposit Fraud
  •   Fraud

Related Content