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Veridian Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.30%3-year CD39 Month CD Special
2.55% - Ally Bank High Yield 3 Year CDAdvertisement
1.91%2-year CD25 Month CD Special
2.50% - Ally Bank Raise Your Rate 2-Year CDAdvertisement
1.81%18-month CD15 Month CD Special
2.40% - PenFed Credit Union 18 Month Money Market Certificate
View all Veridian Credit Union rates »

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 53rd largest credit union in the nation. It was established in 1934 and as of March of 2018, it had grown to 779 employees and 217,964 members at 30 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 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

Get Your Membership Application In Fast For Veridian Credit Union, "Easy Membership" Status Seems To Be Closing Soon! - 7/19/2018

I received an email yesterday from Dwolla saying that my account was closed/suspended due to inactivity. My account did indeed have zero activity, and was only opened to gain Veridian Credit Union membership after the fiasco with them last year (the confusion over the change in easy membership status). Curious about my closed account, I emailed them, mentioning that I still would like to join Veridian at some point using this method, and they explained that "Unfortunately Dwolla has made the decision to sunset the Transfer product and focus on our new business focused Platform. We appreciate your interest in Dwolla, but your account must remain closed." I called up Veridian, and while the CSR was helpful, he didn't seem to understand that Dwolla was systematically closing down all personal accounts, making their stated method of securing membership soon obsolete. This path to membership can be found at https://www.veridiancu.org/contact-us?kbid=10740. As a result of this change to Dwo

41 Month Bump Up 3.0/3.1% - 7/3/2018

Veridian is currently offering a special summer CD. Decent rate with a bump up! https://www.veridiancu.org/rates/account-rates/certificates-of-deposit

Veridian Credit Union Debuts 36-Month Jumbo CD Special - 5/2/2018

Veridian CU (easy membership) has added two CD Specials: 24-month (2.55% APY, $1k; 2.65% APY, $100k) and 36-month (2.75% APY, $1k; 2.85% APY, $100k).

View all posts from:


Reviews (20)

Great Staff

Posted by: Lee Roy Jabar | Aug 8, 2017

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

3

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

4

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.

7

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.

8
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Health
A

Data as of Q1 2018

Learn why bank health matters

Health Grade Components

Overall
NCUA #64418
Year Chartered1934
Employees779
Primary Regulator
Profit Margin
Return on Assets - YTD1.38%
Return on Equity - YTD13.83%
Annual Interest Income$33.9MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$3.71B$3.22B
LoansQ1 2018vs Q1 2017$3.29B$2.64B
DepositsQ1 2018vs Q1 2017$3.21B$2.86B
Equity CapitalQ1 2018vs Q1 2017$362.3MM$322.9MM
Loan Loss AllowanceQ1 2018vs Q1 2017$19.1MM$15.1MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$18.1MM$14.4MM
Real Estate OwnedQ1 2018vs Q1 2017$1.5MM$1.9MM
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Get Your Membership Application In Fast For Veridian Credit Union, "Easy Membership" Status Seems To Be Closing Soon!

TheBombingRange   |  
I received an email yesterday from Dwolla saying that my account was closed/suspended due to inactivity. My account did indeed have zero activity, and was only opened to gain Veridian Credit Union membership after the fiasco with them last year (the confusion over the change in easy membership status). Curious about my closed account, I emailed them, mentioning that I still would like to join Veridian at some point using this method, and they explained that "Unfortunately Dwolla has made the decision to sunset the Transfer product and focus on our new business focused Platform. We appreciate your interest in Dwolla, but your account must remain closed." I called up Veridian, and while the CSR was helpful, he didn't seem to understand that Dwolla was systematically closing down all personal accounts, making their stated method of securing membership soon obsolete. This path to membership can be found at https://www.veridiancu.org/contact-us?kbid=10740.

As a result of this change to Dwolla, I put in the application today for their $5 Member Equity Savings account in case any good future CD deals come up. I would recommend that if you have any future interest in any of the Veridian CD deals, open up a Dwolla account (if still possible, I'm not sure if they are even letting people still do that) and sign up for a membership, pronto.

Some more info on the membership: $5 minimum for a member share, inactivity fee of $15 annually after 12 months of no activity (push and pull $1 in and out), and using their free ACH system there is a $2000 daily limit, $5000 weekly limit, and $10,000 monthly, so use an external ACH system instead to get money in and out.
7

41 Month Bump Up 3.0/3.1%

ratefollower   |  
Veridian is currently offering a special summer CD. Decent rate with a bump up!

https://www.veridiancu.org/rates/account-rates/certificates-of-deposit
5

Veridian CU Offering 2.65% APY On 24-Month CD

me1004   |  
Veridian CU is offering a 2.65% APY 24-month CD since April 26, and it is set to end (or at least be reviewed) at end of day tomorrow, May 2. To get that rate, you need to deposit at least $100,000; the APY is 2.55% from $1,000 up to $100,000.

The CU also is offering a 36-month CD at 2.85% APY, for $100,000 and up, and 2.75% APY for under $100,000.

https://www.veridiancu.org/rates/account-rates/certificates-of-deposit.aspx

This also tell us to watch for their news rates on Wednesday, May 3.
3

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%$50-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*-Commercial 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
3.10%$100k-41 Month Bump Up Jumbo CD Special
3.00%$1k$100k41 Month Bump Up CD Special
2.85%$100k-36 Month Jumbo CD Special
2.75%$1k-36 Month CD Special
2.65%$1k-30 Month Bump-Up CD
2.65%$100k-24 Month Jumbo CD Special
2.55%$1k-24 Month CD Special
2.40%$100k-39 Month Jumbo CD Special
2.30%$1k-39 Month CD Special
2.28%$100k-18 Month Jumbo CD Special
2.18%$1k-18 Month CD Special
2.02%$100k-25 Month Jumbo CD Special
1.91%$1k-25 Month CD Special
1.91%$100k-15 Month Jumbo CD Special
1.81%$1k-15 Month CD Special
1.61%$100k-9 Month Jumbo CD Special
1.51%$1k-9 Month CD Special
1.41%$100k-7 Month Jumbo CD Special
1.31%$1k-7 Month 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 KIRBY CD
0.35%$50-12 Month Starter CD
Locations

Availability

Cedar Rapids Area

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