Alabama ONE 

How REDi helped Alabama ONE
Credit Union reduce fraud loss by 84%

The Success Story

Birmingham, Alabama: REDi today released a new case study detailing their work with Alabama One Credit Union, which resulted in an 84 percent reduction in fraud loss. 

As an institution that prides itself in providing superior service to its members, Alabama ONE Credit Union required a fraud solution that would allow for a high degree of control over the member experience, and better support than traditional providers could deliver.

Having worked with REDi in the past, Alabama ONE Payments & Digital Fraud Risk Manager, Jackie G. Davidson III, knew that their fraud solutions gave his organization the control and increased member engagement they were looking for.

“We find that by approving more transactions and having our cardholders tell us if the purchase was fraudulent, we can offer a better member experience – and not only that, we have reduced our false-positive declines by over 80 percent, which translates into more interchange revenue for Alabama ONE,” said Davidson. “Combined with the reduction in actual fraud charge-offs, the increase in interchange revenue ends up resulting in a net positive benefit with REDi” 

Beyond the measurable results, Davidson praises REDi’s own commitment to excellent client service. 

“On Christmas day, I had a question. It wasn’t an issue, nothing pressing, just a question. I did not expect an answer, I thought after Christmas when they receive my ticket, they’ll get back to me. It was less than an hour until I heard back from two people at REDi. It blew me away! That is what they do and continue to do every day.”

About Alabama ONE

Alabama ONE was chartered in 1951 as the TRW Federal Credit Union. Today, Alabama ONE Credit Union is a full-service financial institution serving the residents of Tuscaloosa, Pickens, Mobile, Jefferson and 18 other counties across Alabama. 

Alabama ONE merged with Alabama Rural Electric Credit Union in July 2020. This merger serves over 65,000 members with the potential to expand to over 500,000 households and 100,000 businesses. 

Alabama ONE’s mission is to maintain a foundation of trust with their community and members, as well as provide excellent service, and provide financial security for all.

See what REDi can do for you today!

Innovation Depot

1500 1st Ave. North

Suite B111

Birmingham, AL 35213

Phone

(205)-533-6425

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