Veridian CU Adds Nationally Available CD Specials

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Deal Summary: CD Specials – 15-month, 1.50% APY; 25-month, 1.80% APY; 39-month, 1.85% APY; $1k minimum deposit.

Availability: Easy membership requirement; also residents of 65 Iowa counties and five Nebraska counties.

Exactly one year ago, I wrote about Veridian Credit Union’s (Veridian) newly expanded field of membership (FOM) and new CD Specials. A year later, Veridian has added 25 more Iowa counties to the FOM and has three new CD Specials: 15-month (1.50% APY), 25-month (1.80% APY), and 39-month (1.85% APY.) The minimum deposit is $1k, with no stated balance cap.

APYMINMAXINSTITUTIONPRODUCTDETAILS
1.85%$1k-Veridian Credit Union39 Month Special CD
1.80%$1k-Veridian Credit Union25 Month Special CD
1.50%$1k-Veridian Credit Union15 Month Special CD
Accounts mentioned in this post. Rates as of May 24, 2017.

According to CSR, the Early Withdrawal Penalty is based on the CD term length, with "the penalty for a CD greater than 12 months in length being 180 days interest."

Thanks to DA reader, thowelllll, for his Forum post about Veridian’s latest CD Specials.

Availability

Headquartered in Waterloo, Veridian Credit Union is Iowa’s 2ndlargest credit union and the 58th largest credit union in the nation, with more than 194,000 members and assets in excess of $3.1 billion.

Easy Membership - Veridian now offers membership to registered users of Dwolla, a digital payment network that connects with U.S. banks and credit unions to enable account-to-account transfers.

According to Dwolla’s website, "setting up an account is free, and there are no per transaction fees." Veridian’s Looking for Answers? page provides details about Dwolla, which is an agent of Veridian Credit Union and Compass Bank.

Residency - Individuals who live or work in 65 of Iowa’s 99 counties, and five Nebraska counties (Cass, Douglas, Sarpy, Saunders, and Washington) that lie on the Iowa southwest border are eligible for membership.

Other - Any residents of Iowa with disabilities (as defined by the "Americans with Disabilities Act of 1990") are also eligible for membership, regardless of the Iowa county in which they reside. For more details, please refer to Veridian Credit Union’s Membership page.

Joining Veridian Credit Union and opening a CD can be accomplished online, or in-person at any of 28 Iowa branches located in Ankeny (3), Cedar Falls (4), Cedar Rapids (3) Coralville, Council Bluffs, Des Moines (2), Independence, Iowa City, Johnston, Marion, Oelwein, Waterloo (6), Waverly, and West Des Moines (2). Since I last wrote about Veridian, a branch in Omaha, Nebraska has been opened.

Credit Union Overview

Veridian Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 6.26% (excellent) based on December 31, 2016 data. In the past year, Veridian has increased its total non-brokered deposits by $196.3 million, an excellent annual growth rate of 7.74%. Please refer to our financial overview of Veridian Credit Union (NCUA Charter # 64418) for more details.

Headquartered in Waterloo, Veridian Credit Union was originally chartered in 1934 as the John Deere Employees Credit Union. As the name would suggest, original membership was exclusively John Deere employees, and it remained that way until 1986 when membership was extended to those living or working in nearby Cedar Falls. This prompted a small name change: John Deere Community Credit Union.

John Deere Community Credit Union always operated independently of Deere & Company, and in 2004, Deere requested that the use of "John Deere" be discontinued to avoid trademark confusion. As a result, the name was changed in 2006, with the new name, "Veridian," coming from the Latin words for truth (veritas) and growing (verdant).

How the CD Specials Compare

When compared to the 145 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationwide, Veridian Credit Union's 15-month Special CD APY currently ranks second.

Interest RateCD Length of TermCredit Union/Bank
1.60% APY15-Month Share Certificate SpecialNASA Federal Credit Union
1.50% APY15-Month CD SpecialVeridian Credit Union
1.47% APY18-Month Online Promo CDM.Y. Safra Bank

When compared to the 195 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationwide, Veridian Credit Union's 25-month Special CD APY currently ranks first.

Interest RateCD Length of TermCredit Union/Bank
1.80% APY25-Month CD Special Veridian Credit Union
1.70% APY24-Month CertificateConnexus Credit Union
1.65% APY24-Month CDNorthern Bank Direct

When compared to the 196 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationwide, Veridian Credit Union's 39-month Special CD APY currently ranks sixth.

Interest RateCD Length of TermCredit Union/Bank
2.20% APY36-Month High Yield CD SpecialUSALLIANCE Financial
2.02% APY30-Month Celebration CertificateNorthwest Federal Credit Union
1.85% APY39-Month CD Special Veridian Credit Union

The above rates are accurate as of 5/5/2017.

To look for the best CD rates, both nationwide and state specific, please refer to our CD rates table, or our Rates Map page.

Related Pages: Cedar Rapids CD rates, Des Moines CD rates, 1-year CD rates, 5-year CD rates, nationwide deals

Comments
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