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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 48th largest credit union in the nation. It was established in 1934 and as of June of 2023, it had grown to 977 employees and 325,785 members at 29 locations. Veridian Credit Union's money market rates are 6X the national average, and it 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

15Mo Jumbo 5.5 (under 100k) 5.6 (over 100k) - 9/25/2023

DA hasn't updated Veridian's rates. They had a couple specials. Nothing fantastic, the best one is the 15mo Jumbo. You can do better elsewhere but in case people want it: 15month, 5.50/5.60 (under 100k/over 100k). They also have a 21mo at 5.15/5.25 (under 100k/over 100k).

View all posts from:

12/10/20 - Verdian Credit Union Boosts 7-Month Jumbo CD Special Rate
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 (28)

Great Visit Again At This Location

Posted by: |

I attend the branch 17050 wright plaza Omaha Nebraska 68130 on 01/14/2023
Lyle Hamrick assited me with my banking needs and provide more than I asked for. this demostrated his true interest in providing customer service for Veridain Credit Union .

I like that Lyle Hamrick gave me information about my bank card such the set traveler app that allows me to pre postion my use of card when traveling out the state of Nebraska and Iowa so do not encounter a limitation of use of the bank card.

Lyle Hamrick is a HUGE team player for Veridain Credit Union anyone that visits this branch should ask for Llye Hamrick
James Abbadusky member of the credit union

1

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

14

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.

9

Horrible Bank For Family Members

Posted by: |

I had a checking account with them, as did my adult daughter (legal adult). Eventually we moved out of state and began finding a new bank (veridian is not in our new state of residence). after a short time of our accounts sitting dormant and low on funds, some silly charge (like netflix or something) billed to my daughters account (an oversight on her getting everything transferred). Veridian contacted her via mail for her to contact them about a bunce of fees she owed. She contacted them only to learn that a small charge had gone through and Veridian tacked a bunch of charges on immediately, then more in a couple days....My daughter informed their personnel that she could drive over there on her next payday and clear the balance but they were not impressed. A few days later i logged in to my online banking to find that Veridian had Emptied the balance in My Account (towards her debt) and closed my account without even notifying me. The bank has since Reported the debt on My Credit and my credit score has tanked because of this. Stark Collections is the agency who is handling the Fraudulent claim against me and my credit. Their only response is "Pay your daughters debt and we'll remove it"..........

2
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Health
A

Data as of Q2 2023

Learn why bank health matters

Health Grade Components

Overall
NCUA #64418
Year Chartered1934
Employees977
Primary Regulator
Profit Margin
Return on Assets - YTD1.2%
Return on Equity - YTD11.91%
Annual Interest Income$149.1MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$6.93B$6.31B
LoansQ2 2023vs Q2 2022$6.04B$5.55B
DepositsQ2 2023vs Q2 2022$5.74B$5.19B
Equity CapitalQ2 2023vs Q2 2022$700.6MM$654.7MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$27.8MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$38.7MM$19.2MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
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
2.45%*$1m*-Premier Money Market
OTHER TIERS: 1.45% → $2.5k - $50k | 1.65% → $50k - $100k | 1.85% → $100k - $250k | 2.05% → $250k - $500k | 2.25% → $500k - $1m
2.45%*$1m*-Commercial Premier Money Market
OTHER TIERS: 1.45% → $2.5k - $50k | 1.65% → $50k - $100k | 1.85% → $100k - $250k | 2.05% → $250k - $500k | 2.25% → $500k - $1m
0.25%$1k-Traditional Money Market

Veridian Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.25%*-$20kPremium Plus Checking
OTHER TIERS: 0.15% → $20k+
5.25%*-$20kPremium Plus Checking Special
OTHER TIERS: 0.15% → $20k+
4.25%*-$15kPremium Checking
OTHER TIERS: 0.15% → $15k+
4.25%*-$15kPremium Checking Special
OTHER TIERS: 0.15% → $15k+
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
5.60%$100k-15 Month Jumbo CD Special
5.60%$100k-15 Month Jumbo HSA CD Special
5.50%$1k-15 Month CD Special
5.50%$1k-15 Month HSA CD Special
5.50%$100k-7 Month Jumbo CD Special
5.50%$100k-7 Month Jumbo HSA CD Special
5.40%$1k-7 Month CD Special
5.40%$1k-7 Month HSA CD Special
5.25%$100k-21 Month Jumbo CD Special
5.25%$100k-21 Month Jumbo HSA CD Special
5.15%$1k-21 Month CD Special
5.15%$1k-21 Month HSA CD Special
4.70%$100k-24 Month Jumbo CD
4.70%$100k-24 Month Jumbo HSA CD
4.60%$1k-24 Month CD
4.60%$1k-24 Month HSA CD
4.10%$100k-18 Month Bump-Up Jumbo CD
4.00%$1k-18 Month Bump-Up CD
3.55%$100k-41 Month Bump Up Jumbo CD
3.50%$100k-30 Month Bump-Up Jumbo CD
3.45%$1k$100k41 Month Bump Up CD
3.40%$1k-30 Month Bump-Up CD
1.00%$100-12-60 Month U.B.U. CD
1.00%$100-12-60 Month Youth CD
0.70%$100k-39 Month Jumbo CD
0.70%$100k-36 Month Jumbo CD
0.70%$100k-36 Month Jumbo HSA CD
0.70%$100k-39 Month Jumbo HSA CD
0.60%$1k-39 Month CD
0.60%$1k-36 Month CD
0.60%$1k-36 Month HSA CD
0.60%$1k-39 Month HSA CD
0.50%$100k-18 Month Jumbo CD
0.50%$100k-18 Month Jumbo HSA CD
0.40%$1k-18 Month CD
0.40%$1k-18 Month HSA CD
0.40%$100k-12 Month Jumbo CD
0.40%$100k-12 Month Jumbo HSA CD
0.40%$100k-9 Month Jumbo CD
0.40%$100k-9 Month Jumbo HSA CD
0.30%*$500*-12 Month Add-On CD
OTHER TIERS: 0.25% → $50 - $500
0.30%$1k-12 Month CD
0.30%$1k-12 Month HSA CD
0.30%$1k-9 Month CD
0.30%$1k-9 Month HSA CD
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