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  2. Veridian Credit Union

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 49th largest credit union in the nation. It was established in 1934 and as of March of 2019, it had grown to 835 employees and 229,588 members at 31 locations. Veridian Credit Union's money market rates are 3X the national average, and it has 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

Bump Up 3.25 Percent 41 Month Cd - 3/19/2019

Veridian still has this cd. I opened one this morning. The rep told me he doesn't expect it to go away anytime soon but there are no guarantees

Veridian Credit Union Boosts 41-Month Jumbo CD Rate - 10/19/2018

Veridian Credit Union (easy membership) has upped the rates on its Bump-Up Jumbo CDs: 41-month (3.25% APY) and 18-month (3.05% APY), minimum $100k deposit.

41 Month Bump Up Raised To 3.45% For 100K - 10/17/2018

Veridian just raised the rate for their 41 month bump-up CD from 3.35% to 3.45% for 100k (under 100k has remained the same at 3.25). For those who opened one up at a lower rate, this means you can (if you want) bump it up to where it is now. Also please note that eligibility to join Veridian may be changing soon. I just posted about this in "User Community Forum - MISC" forum. Up to now, those not living in Iowa or parts of Nebraska (or in the SEGs) could join Veridian by opening up a consumer Dwolla account. However the consumer end of Dwolla is going away. They will not accept new memberships beginning some point this month (Oct 2018) and by Dec 3 2018 all consumer accounts will be closed (an email was sent telling people to please move their money out of their Dwolla accounts). Have no idea if Veridian will add another method for eligibility or not.

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Reviews (21)

Top Notch - Veridian

Posted by: chantelvelazquez2 | Mar 15, 2017

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

9

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.

8

Good And Bad

Posted by: Tracey | Dec 8, 2018

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.

5

Ridiculously Low ACH Limits To Deposit & Withdraw

Posted by: pwj7050 | Sep 26, 2017

Two weeks ago I opened my first 15 month CD yielding 1.81%. I decided to open another one last week, but I was told that the daily/monthly limits to ACH funds from my external account were $2,500/$5,000.

Those limits are much too low for me since I planned on opening another $75,000 in CD's. As a result, I requested an increase. The increase granted was their maximum which are a daily/monthly limits of $10,000/$20,000.

Those limits are still much too low, but they refuse to increase them and told me that my only options were to PAY for a wire transfer, which I refuse out of principle to do, or to mail them a check! Unbelievable, what is this the 1980's? They are a $3 billion bank but behave like a mom and pop shop!

Veridian just lost a good customer.

11
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Health
A

Data as of Q1 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #64418
Year Chartered1934
Employees835
Primary Regulator
Profit Margin
Return on Assets - YTD1.18%
Return on Equity - YTD12.02%
Annual Interest Income$41.8MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$4.27B$3.71B
LoansQ1 2019vs Q1 2018$3.82B$3.29B
DepositsQ1 2019vs Q1 2018$3.60B$3.21B
Equity CapitalQ1 2019vs Q1 2018$413.8MM$362.3MM
Loan Loss AllowanceQ1 2019vs Q1 2018$20.2MM$19.1MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$15.7MM$18.1MM
Real Estate OwnedQ1 2019vs Q1 2018$815.00K$1.5MM
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
0.75%$50-HSA Savings
0.25%$50-IRA Savings
0.15%$50-Business Savings
0.15%$50-Member Equity Savings
0.15%--U.B.U. Teen Savings
0.15%$50-Holiday Club
0.05%--HSA Checking

Veridian Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.41%*$250k*-Premier Money Market
OTHER TIERS: 0.60% → $25k - $50k | 0.80% → $50k - $100k | 1.10% → $100k - $250k
1.41%*$250k*-Commercial Premier Money Market
OTHER TIERS: 0.60% → $25k - $50k | 0.80% → $50k - $100k | 1.10% → $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
2.65%$100k-24 Month Jumbo CD Special
2.65%$100k-41 Month Bump Up Jumbo CD Special
2.55%$1k-24 Month CD Special
2.55%$1k$100k41 Month Bump Up CD Special
2.50%$100k-36 Month Jumbo CD Special
2.50%$100k-36 Month Jumbo HSA CD Special
2.40%$100k-9 Month Jumbo CD Special
2.40%$1k-36 Month CD Special
2.40%$1k-36 Month HSA CD Special
2.30%$1k-9 Month CD Special
2.25%$100k-18 Month Bump-Up Jumbo CD Special
2.25%$100k-30 Month Bump-Up Jumbo CD
2.15%$1k-30 Month Bump-Up CD
2.15%$1k-18 Month Bump-Up CD Special
1.90%$100k-39 Month Jumbo CD Special
1.90%$100k-39 Month Jumbo HSA CD Special
1.80%$1k-39 Month CD Special
1.80%$1k-39 Month HSA CD Special
1.78%$100k-18 Month Jumbo CD Special
1.78%$100k-18 Month Jumbo HSA CD Special
1.68%$1k-18 Month CD Special
1.68%$1k-18 Month HSA CD Special
1.41%$100k-7 Month Jumbo CD Special
1.41%$100k-15 Month Jumbo CD Special
1.41%$100k-7 Month Jumbo HSA CD Special
1.41%$100k-15 Month Jumbo HSA CD Special
1.31%$1k-7 Month CD Special
1.31%$1k-15 Month CD Special
1.31%$1k-7 Month HSA CD Special
1.31%$1k-15 Month HSA CD Special
0.70%$500-12 Month Add-On CD
0.70%$100-12-60 Month U.B.U. CD
0.70%$100-12-60 Month Youth CD
0.35%$50-12 Month Starter CD

Veridian Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.65%$100k-24 Month Jumbo IRA Special
2.65%$100k-41 Month Bump Up Jumbo IRA Special
2.55%$1k-24 Month IRA Special
2.55%$1k$100k41 Month Bump Up IRA Special
2.50%$100k-36 Month Jumbo IRA Special
2.50%$100k-36 Month Jumbo HSA IRA Special
2.40%$100k-9 Month Jumbo IRA Special
2.40%$1k-36 Month IRA Special
2.40%$1k-36 Month HSA IRA Special
2.30%$1k-9 Month IRA Special
2.25%$100k-18 Month Bump-Up Jumbo IRA Special
2.25%$100k-30 Month Bump-Up Jumbo IRA
2.15%$1k-18 Month Bump-Up IRA Special
2.15%$1k-30 Month Bump-Up IRA
1.90%$100k-39 Month Jumbo IRA Special
1.90%$100k-39 Month Jumbo HSA IRA Special
1.80%$1k-39 Month IRA Special
1.80%$1k-39 Month HSA IRA Special
1.78%$100k-18 Month Jumbo IRA Special
1.78%$100k-18 Month Jumbo HSA IRA Special
1.68%$1k-18 Month IRA Special
1.68%$1k-18 Month HSA IRA Special
1.41%$100k-7 Month Jumbo IRA Special
1.41%$100k-15 Month Jumbo IRA Special
1.41%$100k-7 Month Jumbo HSA IRA Special
1.41%$100k-15 Month Jumbo HSA IRA Special
1.31%$1k-7 Month IRA Special
1.31%$1k-15 Month IRA Special
1.31%$1k-7 Month HSA IRA Special
1.31%$1k-15 Month HSA IRA Special
0.35%$50-12 Month Starter IRA
Locations

Availability

Cedar Rapids Area

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