Featured Savings Rates
Featured Accounts

Veridian Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.60%3-year CD39 Month Special CD
1.50%18-month CD15 Month Special CD
1.55%2-year CD25 Month Special CD

Overview / Commentary
800-235-3228
1827 Ansborough Ave
Waterloo, IA 50701

Veridian Credit Union is headquartered in Waterloo and is the 2nd largest credit union in the state of Iowa. It is also the 58th largest credit union in the nation. It was established in 1934 and as of December of 2016, it had grown to 722 employees and 204,688 members at 29 locations. Veridian Credit Union's money market rates are 2X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Veridian Credit Union is open to anyone by registering for Dwolla. Membership is also open to those who live or work in Adair, Benton, Allamakee, Boone, Black Hawk, Bremer, Butler, Buchanan, Cass, Cerro Gordo, Cedar, Jasper, Johnson, Jones, Chickasaw, Clayton, Dallas, Delaware, Fayette, Floyd, Franklin, Grundy, Hardin, Harrison, Iowa, Linn, Louisa, Madison, Marion, Marshall, Mills, Muscatine, Polk, Pottawattamie, Poweshiek, Story, Tama, Warren, Washington, and Winneshiek Counties in Iowa or Cass, Douglas, Sarpy, Saunders, and Washington Counties in Nebraska.
See current membership details

Related Posts

Veridian Drops Rates For Most CD Terms 1 Year & Above - 7/28/2016

Of 11 non-jumbo CDs requiring $1000 minimum, I count 7 with a decline in rates, 3 no change, 1 increase.  Top rate remains the 39 month, albeit 1.70% APY for $100K min and 1.60% for $1K min, from 1.90% and 1.75%, respectively.

Veridian CU — Rate Decrease On 25 Mth CD, Increase On 15 Mth - 7/14/2016

Effective July 14 thru July 20: 1.85% APY 25 Mth $100K min (from 1.95%) 1.70% APY 25 Mth $1K min (from 1.80%) 1.65% APY 15 Mth $100K min (from 1.55%) 1.50% APY 15 Mth $1K min (from 1.40%)

Veridian Credit Union - 39Mo CD Rate Cuts But 15Mo CD Rate Hikes - 5/12/2016

While the rates on both 39-month CDs were lowered today, the rates on the 15-month CDs were raised: 1.90% APY 39-month Jumbo CD $100K min (was 2.40%) 1.75% APY 39-month CD $1K min (was 2.25%) 1.55% APY 15-month Jumbo CD $100K min (was 1.25%) 1.40% APY 15-month CD $1K min (was 1.11%) Please refer to this blog post for more details and comments.

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Top Notch - Veridian

I've been banking with Veridian ever since it was the John Deere Credit Union back in the early 90's. I absolutely love their service. I have on occasion, overwithdrawn my account in error and Veridian credits me back for the fees. Additionally, their money market account stayed competitive throughout the recession and only required a $1k deposit minimum. They're always pleasant to work with and their online chat feature has been operational for some time, even before most of the major big banks. I've had no issues trying to send funds to friends and family, using hte bill pay feature, or moving funds to and from accounts. Anytime I call, I'm on the phone for no more than 5min to solve my issue. Unfortunately I cannot bank in person as I currently live out of state, but the majority of my needs can be satisfied online. I would highly recommend this CU to anyone

Excellent Experience Opening CD With Veridian Credit Union

Posted by: me1004 | Jul 16, 2016

I have now completed opening a membership, CD and checking account with Veridian Credit Union, and the experience was mainly excellent. Most noteworthy was the customer service -- all the people I dealt with were clear, knowledgeable, helpful, nice and friendly, and on the ball. Unfortunately, customer service that good is rare nowadays at most places.

While they were all pretty much equally excellent, I give special thanks to Jessica, who, seeing some complications with the mailing, volunteered to shepard me through the opening, including me using postal mail to send in my check.

I joined in advance by registering online for free with Dwolla, and that was accomplished pretty much immediately, no delay (so anyone who wants to send me money via Dwolla is now welcome to do so. :) That was simple, fast, no special sensitive information needed. Once I got the confirmation e-mail a short time later, I was able to go online and join the CU, funding my share account via the ACH (took about 3-4 business days for the money to get to my share savings). And now that I'm a CU member and my accounts are all opened, I can drop Dwolla any time I want (for those concerned about keeping that info secure), as once a member, always a member.

The signup process included the system asking three questions gleaned from credit reports (I have had other places do this too), some of that information fairly old. I answered them all correctly, so no issues, all was smooth. I did not need to provide any further identification or notarization, as some other people report, I presume because I answered the questions correctly.

The main problem with opening a CD here is that if you are not local in Iowa, well, they are not a member of the shared branch system, so you can't just go to a branch of another CU near you in order to immediately and directly deposit a check to Veridian. (I was able to fund the share savings during opening via the ACH at no charge from Veridian.) So, I had to fall back on mailing in a check -- and the post office was late in delivering, more than three days, and I got afraid I had forgotten to put a stamp on the envelop and so used priority mail to send another, only to hear that the following day the original mailing arrived, I had put a stamp on it -- a mess that would have been avoided if they were in the shared branch system. But the customer service was great, they cooperated completely with the mess.

Of course, you also can fund your account via Fed wire or via the ACH, but fees and time delays of their own with the ACH and time delays on weekends with Fed wire are involved in that (Veridian is open on Saturdays).

This mail issue is the big issue. I believe, kind of guessing, that the CU only recently made it possible for anyone in the country to join by registering for Dwolla. While they were strictly local, the shared branch system was a lot less necessary. I'm hoping they will now look into it and join in the shared branch system, and I for one have sent them a message asking them to do so, and I encourage anyone else to do the same.

There fees seem pretty routine, fewer than many places.The one that bothers me is a $2 for initiating an outgoing ACH through Veridian; however, if you initiative it from the outside institution, Veridian does not charge that fee for it going out. (Inbound ACH is free, even when initiated via Veridian.) The exception to that fee seems to be when opening the membership and funding the share savings account.

I alert, they have some bad language on their Website that certainly can be read to mean the rate on CDs is variable. I queried, and they said no, it is not variable, it is locked, and they said they were referring that issue over the the proper people to look into changing on the Website.

They generally review rates weekly and make any changed on Thursday. This can interfere with you if mailing in a deposit for a CD - the rater can change between the time you post the mail and they receive it, and you cannot lock in your rate at time of mailing. Again, this consideration could be set aside if they were in the shared branch system. But they were good with working with me on that, did not proceed with the CD without first contacting me and seeing if I wanted to at the rate in place when they got the check.

They have only one checking account generally available, and it is free, no fees, no minimum, and it still gets some tiny interest, currently 0.05% APY. While they as a matter of routine charge for a few temporary checks up front, upon my request, they were happy to send me a first set of 8 temporary checks free.

The share savings currently gets a tiny amount too, 0.15% APY.

Opened 25 Mo Jumbo CD Painlessly

Posted by: beth | Jun 1, 2016

Signed up for a Dwolla account, deposited $5 in the Veridian savings account, provided the CSR with a copy of a utility bill & notarized drivers license. Sent a check to Veridian with a note to open the CD, term, and amount. The CD was opened the same day they received the funds. Now I just have to get my beneficiaries added to the account. It took a little work but was able to get the 1.85% APY.

Customer Be Damned

Posted by: Anon456 | May 12, 2016

Management reserves the right to make changes on the fly. If it impacts you, the customer, ..... well too bad.

It is their business, so I will take mine elsewhere.

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Health

Health Grade Components

Overall
NCUA #64418
Year Chartered1934
Employees722
Primary Regulator
Profit Margin
Return on Assets - YTD0.61%
Return on Equity - YTD5.98%
Annual Interest Income$99.2MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$3.10B$2.95B
LoansQ4 2016vs Q4 2015$2.53B$2.14B
DepositsQ4 2016vs Q4 2015$2.75B$2.55B
Equity CapitalQ4 2016vs Q4 2015$314.1MM$294.9MM
Loan Loss AllowanceQ4 2016vs Q4 2015$16.0MM$15.5MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$18.5MM$16.5MM
Real Estate OwnedQ4 2016vs Q4 2015$2.2MM$1.6MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Veridian Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%--HSA Savings
0.25%$50-IRA Savings
0.15%$50-Business Savings
0.15%$50-Member Equity Savings
0.15%--KIRBY Children's Savings
0.15%--U.B.U. Teen Savings
0.15%--Holiday Club
0.05%--HSA Checking/Share Draft

Veridian Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$250k*-Premier Money Market
OTHER TIERS: 0.45% $25k - $50k | 0.50% $50k - $100k | 0.80% $100k - $250k
1.00%*$250k*-Business Premier Money Market
OTHER TIERS: 0.45% $25k - $50k | 0.50% $50k - $100k | 0.80% $100k - $250k
0.25%$1k-Traditional Money Market

Veridian Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$50k*-Commercial Business Checking
OTHER TIERS: 0.05% Up to $50k
0.05%--Deluxe Business Checking
0.05%--Share Draft

Veridian Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.70%$100k-39 Month Jumbo CD
1.65%$100k-25 Month Jumbo CD
1.60%$1k-39 Month Special CD
1.60%$100k-15 Month Jumbo CD
1.55%$1k-25 Month Special CD
1.55%$1k-30 Month Bump-Up CD
1.50%$1k-15 Month Special CD
1.30%$1k-49-60 Month CD
1.15%$1k-42-48 Month CD
0.95%$100k-9 Month Jumbo CD
0.90%$1k-31-41 Month CD
0.85%$1k-9 Month Special CD
0.80%$1k-25-30 Month CD
0.75%$1k-18-24 Month CD
0.70%$1k-13-17 Month CD
0.70%$500-12 Month Add-On CD
0.70%$100-12-60 Month U.B.U. CD
0.70%$100-12-60 Month KIRBY CD
0.60%$100k-7 Month Jumbo CD
0.50%$1k-7 Month Special CD
0.40%$1k-6-12 Month CD
0.35%$50-12 Month Starter CD
0.25%$1k-1-5 Month CD
Locations

Veridian Credit Union has 29 locations. Click to view all Veridian Credit Union locations.