Case Study: Purdue Federal Credit Union improves BSA reporting and audit results with Banker's Toolbox BAM+

Transitioning to BAM+ from Another Provider

Purdue Federal Credit Union needed a better BSA/AML solution after struggling with its previous software’s limited reporting, poor customer service, and lack of customization. As its renewal price was set to rise sharply, the credit union began looking for a new vendor and chose Banker's Toolbox, specifically its BAM+ platform, to improve flexibility and reporting.

With Banker's Toolbox and BAM+, Purdue Federal was able to customize parameters more easily, generate stronger reporting, and reduce false positives while better identifying suspicious activity and fraud. The results included a doubling of SARs filed and a highly successful NCUA audit with no findings, showing a clear improvement in the credit union’s BSA program.

Purdue Federal Credit Union

Danna Rozhon

BSA Analyst