Veridian Credit Union is headquartered in Waterloo and is the 2nd largest credit union in the state of Iowa. It is also the 46th largest credit union in the nation. It was established in 1934 and as of March of 2025, it had grown to 1,057 employees and 354,418 members at 32 locations. Veridian Credit Union's money market rates are 6X the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in Veridian Credit Union is open to individuals who donate $5 to Habitat for Humanity, regardless of residency. Those who live or work anywhere in Iowa or in the Nebraska counties of Cass, Douglas, Lancaster, Sarpy, Saunders, or Washington are also eligible to join. Immediate family members of those who are membership-eligible also qualify for membership.
See current membership details
Membership Requirements
The membership requirements as listed on deposit accounts is out of date. First it is open to anyone no geo fence. There is a soft pull of Trans Union for membership and no Chex pull either.
Opening CD
Overall, Veridian customer service has been good, in my experience. However, one thing I don't like is that if you wire funds in to open a CD, they charge a wire fee. Other CU, NASA, and a couple others, routinely waive or refund this fee when you are sending money to them for a new account. When I inquired, the CSR put me on hold to ask someone about waiving the fee. The answer I got was that "this was a Federal Reserve" fee and it can't be waived. I let her know that I know that is not true, even if she was told that. Really did not appreciate being given a BS answer since the fee the CU charges is totally up to them and not a FR requirement.
On The Decline
Used to be a really great credit union, but has been on the decline lately. CD rates are less competitive relative to peers than in the past. They've also started some BS where they offer variable rates by zip code, which was never the case for years. Suggest you look elsewhere.
Great Visit Again At This Location
I attend the branch 17050 wright plaza Omaha Nebraska 68130 on 01/14/2023
Lyle Hamrick assited me with my banking needs and provide more than I asked for. this demostrated his true interest in providing customer service for Veridain Credit Union .
I like that Lyle Hamrick gave me information about my bank card such the set traveler app that allows me to pre postion my use of card when traveling out the state of Nebraska and Iowa so do not encounter a limitation of use of the bank card.
Lyle Hamrick is a HUGE team player for Veridain Credit Union anyone that visits this branch should ask for Llye Hamrick
James Abbadusky member of the credit union
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 64418 |
| Year Chartered | 1934 |
| Employees | 1057 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.47% |
| Return on Equity - YTD | 13.36% |
| Annual Interest Income | $103.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $8.18B$7.56B |
| Loans | Q1 2025vs Q1 2024 | $7.04B$6.31B |
| Deposits | Q1 2025vs Q1 2024 | $6.77B$6.37B |
| Equity Capital | Q1 2025vs Q1 2024 | $887.8MM$773.6MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $55.5MM$71MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $47.5MM$43.7MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $228K$78K |
