Case Study: RiverLand Federal Credit Union achieves more efficient BSA/AML compliance with Verafin

Like Comparing Apples to Oranges RiverLand FCU is Rescued by Verafin

RiverLand Federal Credit Union in New Orleans, LA, was struggling with an older automated BSA/AML compliance solution that was difficult to use, slow to update, and provided too many low-value alerts with little information. Compliance Officer Lindsey Anderson and VP of Operations Rhonda Cubbedge wanted a more efficient, accessible platform that would better support their fraud detection and AML workflow.

RiverLand switched to Verafin’s cloud-based FRAMLx software and immediately saw improvements in usability, training, and support. Verafin provided real-time tools for processing CTRs, SARs, and fraud cases, along with thorough training and responsive customer service; the credit union said it was far quicker and more user-friendly than their previous system, with case reviews previously taking up to a month now handled much more effectively.

RiverLand Federal Credit Union

Lindsey Anderson

Compliance Officer