Veridian Credit Union


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 49th largest credit union in the nation. It was established in 1934 and as of June of 2022, it had grown to 923 employees and 299,529 members at 29 locations. Veridian Credit Union 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

Related Posts

Veridian Credit Union Boosts 41-Month Jumbo Bump-Up CD Rate - 9/2/2022

Veridian Credit Union (easy membership requirement) has boosted the rate on its 41-month Jumbo CD Specials ($100k min). Also as IRA CD Specials.

Veridian Credit Union Brings Back 30-Month Jumbo Bump-Up CD Special - 5/26/2022

Veridian Credit Union (easy membership requirement) currently has two competitive Bump-Up Jumbo CD Specials ($100k min): 18-month and 30-month. Also as IRA CD Specials.

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

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

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

Opened 25 Mo Jumbo CD Painlessly

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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.

Good And Bad

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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.

Unpleasant Experience

Posted by: |

their online application where one uploads ID etc, doesnt load properly. so I called and spoke with a customer service person. she had me email her my documents directly. then nothing happened. i left her voice messages and emails to update me on the status of my application. i called after ten days and spoke with an unpleasant man. he said they needed my drivers license notarized and sent regular mail to them. i asked him to confirm that request via email. nothing. a week later i received an auto-generated email requiring the notarized ID. i called and asked for my application to be withdrawn. they further wanted copies of my vehicle registrations , notarized, to accompany the notarized ID. to become a depositor! taking my business elsewhere

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Health

Health Grade Components

Overall
NCUA #64418
Year Chartered1934
Employees923
Primary Regulator
Profit Margin
Return on Assets - YTD1.02%
Return on Equity - YTD9.61%
Annual Interest Income$108.0MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$6.31B$5.54B
LoansQ2 2022vs Q2 2021$5.55B$4.26B
DepositsQ2 2022vs Q2 2021$5.19B$4.71B
Equity CapitalQ2 2022vs Q2 2021$654.7MM$589.8MM
Loan Loss AllowanceQ2 2022vs Q2 2021$27.8MM$23.8MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$19.2MM$13.8MM
Real Estate OwnedQ2 2022vs Q2 2021$0$180.00K
Rates

Rates for Veridian Credit Union are currently being reviewed.

Locations

Availability



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