XCEL Federal Credit Union
Headquarters: Bloomfield, NJ
Assets: $190M
Core System: Corelation Keystone
“We saw a 60% decrease in false positives. The sheer number of alerts that have decreased for me has been night and day.”
– Britney Panico, Compliance Officer, XCEL FCU
In Bloomfield, New Jersey, banking still feels personal. At XCEL Federal Credit Union, protecting members starts with understanding them, recognizing what is normal and identifying when something isn’t. As fraud threats grow more sophisticated, that people-first approach has become an important part of the institution’s strategy for managing financial crime and compliance risk.
Discover how XCEL Federal Credit Union modernized its compliance program with Nasdaq Verafin, reducing false positives by 60% and giving its two-person compliance team more time to focus on meaningful investigations and strategic priorities. Learn how behavioral monitoring, centralized reporting, and streamlined SAR and CTR filing helped the institution strengthen its compliance posture, improve audit readiness and complete a recent BSA audit with no findings.
