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Veridian Credit Union


Overview / Commentary
veridiancu.org
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 51st largest credit union in the nation. It was established in 1934 and as of December of 2021, it had grown to 930 employees and 277,538 members at 29 locations. Veridian Credit Union's money market rates are 93% higher than the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Membership is open to those who live or work in the state of Iowa, or those who live and work in Washington, Douglas, Sarpy, Saunders, Lancaster, and Cass Counties in Nebraska. Membership is also open to registered users of Dwolla.
See current membership details

Related Posts

Veridian Adds New Rate Tier For $500K+ At .85% APY - 5/19/2022

Veridian created a new tier above their previous $250k+ tier. It offers a .85% APY rate (.1% more than the tier below). For those who cannot attain FDIC insurance up to $500k, I'd suggest the .1% isn't worth it. https://www.veridiancu.org/rates/account-rates/money-market-accounts

Verdian Credit Union Adds 24- And 36-Month Jumbo CD Specials - 4/26/2022

Veridian Credit Union (easy membership requirement) has added two competitive Jumbo CD Specials ($100k min): 24-month and 36-month. Also as IRA CD Specials.

Verdian Credit Union 9-Month Jumbo CD Special Is Still A Rate Leader - 11/29/2021

Veridian Credit Union (easy membership) 9-month Jumbo CD Special continues to offer a top rate. Minimum opening deposit is $100k. Also as an IRA CD Special.

View all posts from:

12/11/19 - Veridian Credit Union Adds 12-Month Jumbo CD, 2.20% APY
3/19/19 - Bump Up 3.25 Percent 41 Month Cd
10/19/18 - Veridian Credit Union Boosts 41-Month Jumbo CD Rate
10/17/18 - 41 Month Bump Up Raised To 3.45% For 100K
9/19/18 - Veridian Credit Union Ups 18- and 41-Month Bump CD Rates
9/18/18 - Veridan 41-Month Bump-Up CD APY Increase.
8/22/18 - Veridian Credit Union Adds 41-Month Bump-Up Jumbo CD
7/19/18 - Get Your Membership Application In Fast For Veridian Credit Union, "Easy Membership" Status Seems To Be Closing Soon!
7/3/18 - 41 Month Bump Up 3.0/3.1%
5/2/18 - Veridian Credit Union Debuts 36-Month Jumbo CD Special
5/1/18 - Veridian CU Offering 2.65% APY On 24-Month CD
2/3/18 - Veridian CU Adds Nationally Available 18-Month CD Special
2/1/18 - Veridian CU Offering 18-Month CD At 2.28% APY
10/13/17 - 39-Month Jumbo CD Earns 2.27% APY
9/8/17 - New Nationally Available CD Specials At Veridian Credit Union
9/8/17 - Veridian CU raises CD Rates. Quick Look.
7/24/17 - Veridian CU Is Back On The Big List Of Credit Unions Anyone Can Join
7/21/17 - Veridian Credit Union Raises Rates On CD Specials
7/21/17 - Veridian Credit Union's Easy Membership Status
7/20/17 - Veridan CU 15 Month CD Up To 1.76%. Quick Look.
6/17/17 - Veridan CU 15 Month CD Up To 1.60%. Quick Look.
5/5/17 - Veridian CU Adds Nationally Available CD Specials
5/4/17 - CD Rate Increases
7/28/16 - Veridian Drops Rates For Most CD Terms 1 Year & Above
7/14/16 - Veridian CU — Rate Decrease On 25 Mth CD, Increase On 15 Mth
5/12/16 - Veridian Credit Union - 39Mo CD Rate Cuts But 15Mo CD Rate Hikes
5/5/16 - Veridian CU (Easy Membership) Has Competitive Long-Term CDs
5/4/16 - CD Specials Of Various Terms
5/29/15 - Veridian Credit Union (Iowa) Adds Series Of Competitive CD Specials
11/14/14 - Veridian Credit Union (IA) Celebrates 80 Years With 19-34 Month CD
8/29/14 - Veridian Credit Union (IA) Introduces A Series Of Attractive CD Specials
11/9/11 - Competition Leads to Top CD Rates in Iowa
4/20/11 - Competitive CD Rates at Veridian Credit Union in Iowa - Local Only
8/25/09 - 2.30% 15-Month CD & 2.60% 25-Month CD at Veridian Credit Union in Iowa - Local Only

Reviews (23)

Top Notch - Veridian

Posted by: |

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

12

Good And Bad

Posted by: |

To make a long story short, I needed to fund a jumbo CD from two sources, an ACH transfer and a check. The rate was .35% higher than a non-jumbo, so I couldn't just ipen two CD's. I spoke with a customer service rep who told me several very important wrong things.

First, he told me the rates change every Thursday. The good rep told me they change once a month. This was a Monday, and my ACH would not arrive by Wednesday. Then he told me, that was ok because I could add to an existing CD at the original rate. I asked him at least 5 times if he was sure it was true, and he said yes, he had done it for other customers. According to him, all I had to do was send a note in asking to add the money to my existing CD.

I ended up paying $22 to overnight a check to Veridian (with a note to add it to an existing jumbo CD I had opened 2 days before).

Then I spoke with Kristen, who was fantastic. She told me I could not add to an existing CD, so they would deposit the check into my savings account and wait for the ACH to arrive in my savings account. Then I could open one new jumbo CD. Since she said the rates change once a month, there was no hurry. (She even offered to send me a copy of the policy when I expressed doubt). You can't open the jumbo online. You open a regular and they raise the rate when they process it. I told her I was nervous about that, so she said she would watch for my money and call me when it was there; and then she would open the jumbo CD over the phone. And she did just that.

When a rep tells you something that sounds too good to be true, no matter how certain they are, call and ask another person.

8

Avoid This Credit Union

Posted by: |

I had a CD with Veridian that recently matured and I requested that they close the account and wire the funds to an account that I have at another bank. They say that in order to do this I need to send them a written and *notarized* request. I’ve had CDs at over 20 banks and credit unions over the years and I’ve never once been told I need to send a notarized request to get my own money back. Really unbelievable and extremely poor customer service. I absolutely do not recommend doing business with these folks.

8

Great Staff

Posted by: |

I opened my CD special today, they were friendly and helpful.

4
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Health
A+

Data as of Q4 2021

Learn why bank health matters

Health Grade Components

Overall
NCUA #64418
Year Chartered1934
Employees930
Primary Regulator
Profit Margin
Return on Assets - YTD2.04%
Return on Equity - YTD18.32%
Annual Interest Income$192.4MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$5.86B$5.13B
LoansQ4 2021vs Q4 2020$4.60B$4.25B
DepositsQ4 2021vs Q4 2020$5.02B$4.38B
Equity CapitalQ4 2021vs Q4 2020$638.3MM$524.9MM
Loan Loss AllowanceQ4 2021vs Q4 2020$24.2MM$26.4MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$16.3MM$21.1MM
Real Estate OwnedQ4 2021vs Q4 2020$278.00K$609.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Veridian Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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
0.40%$50-HSA Savings
0.15%$50-IRA Savings
0.10%$50-Business Savings
0.10%$50-Member Equity Savings
0.10%$5-U.B.U. Teen Savings
0.10%$50-Holiday Club
0.05%--HSA Checking

Veridian Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%*$500k*-Premier Money Market
OTHER TIERS: 0.30% → $25k - $50k | 0.50% → $50k - $100k | 0.60% → $100k - $250k | 0.75% → $250k - $500k
0.75%*$250k*-Commercial Premier Money Market
OTHER TIERS: 0.30% → $25k - $50k | 0.50% → $50k - $100k | 0.60% → $100k - $250k
0.15%$1k-Traditional Money Market

Veridian Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$50k*-Commercial Business Checking
OTHER TIERS: 0.05% → Up to $50k
0.05%--Deluxe Business Checking
0.05%--Share Draft
0.05%--Checking account

Veridian Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.15%$100k-36 Month Jumbo CD
2.15%$100k-36 Month Jumbo HSA CD
2.05%$1k-36 Month CD Special
2.05%$1k-36 Month HSA CD Special
1.90%$100k-24 Month Jumbo CD
1.90%$100k-24 Month Jumbo HSA CD
1.80%$1k-24 Month CD Special
1.80%$1k-24 Month HSA CD Special
1.10%$100k-12 Month Jumbo CD
1.10%$100k-12 Month Jumbo HSA CD
1.00%$100k-30 Month Bump-Up Jumbo CD
1.00%$1k-12 Month CD Special
1.00%$1k-12 Month HSA CD Special
0.95%$100k-41 Month Bump Up Jumbo CD
0.90%$1k-30 Month Bump-Up CD
0.85%$1k$100k41 Month Bump Up CD
0.70%$100k-39 Month Jumbo CD
0.70%$100k-18 Month Bump-Up Jumbo CD
0.70%$100k-39 Month Jumbo HSA CD
0.60%$1k-39 Month CD Special
0.60%$1k-18 Month Bump-Up CD
0.60%$1k-39 Month HSA CD Special
0.50%$100k-15 Month Jumbo CD
0.50%$100k-18 Month Jumbo CD
0.50%$100k-15 Month Jumbo HSA CD
0.50%$100k-18 Month Jumbo HSA CD
0.50%$100k-21 Month Jumbo CD
0.50%$100k-21 Month Jumbo HSA CD
0.40%$1k-15 Month CD Special
0.40%$100k-7 Month Jumbo CD Special
0.40%$100k-9 Month Jumbo CD
0.40%$1k-18 Month CD Special
0.40%$100k-7 Month Jumbo HSA CD Special
0.40%$1k-15 Month HSA CD Special
0.40%$1k-18 Month HSA CD Special
0.40%$100k-9 Month Jumbo HSA CD
0.40%$1k-21 Month CD Special
0.40%$1k-21 Month HSA CD Special
0.30%$1k-7 Month CD Special
0.30%$1k-9 Month CD Special
0.30%*$500*-12 Month Add-On CD
OTHER TIERS: 0.25% → $50 - $500
0.30%$100-12-60 Month U.B.U. CD
0.30%$100-12-60 Month Youth CD
0.30%$1k-7 Month HSA CD Special
0.30%$1k-9 Month HSA CD Special

Veridian Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.15%$100k-36 Month Jumbo IRA
2.05%$1k-36 Month IRA Special
1.90%$100k-24 Month Jumbo IRA Special
1.80%$1k-24 Month IRA Special
1.10%$100k-12 Month Jumbo IRA Special
1.00%$1k-12 Month IRA Special
1.00%$100k-30 Month Bump-Up Jumbo IRA Special
0.95%$100k-41 Month Bump Up Jumbo IRA
0.90%$1k-30 Month Bump Up IRA
0.85%$1k$100k41 Month Bump Up IRA Special
0.70%$100k-39 Month Jumbo IRA
0.60%$1k-39 Month IRA Special
0.50%$100k-15 Month Jumbo IRA
0.50%$100k-21 Month Jumbo IRA
0.50%$100k-18 Month Jumbo IRA Special
0.40%$100k-7 Month Jumbo IRA Special
0.40%$1k-15 Month IRA Special
0.40%$1k-21 Month IRA Special
0.40%$100k-9 Month Jumbo IRA Special
0.40%$1k-18 Month IRA Special
0.30%$1k-7 Month IRA Special
0.30%$1k-9 Month IRA Special
Locations

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