Veritas Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	HOW THEY COMPARE
2.30%	5-year CD	3.10% - Synchrony Bank 60 Month CD
1.15%	1-year CD	2.65% - Barclays 12 Month Online CD
0.10%	Savings	2.00% - Ally Bank Online Savings Account

View all Veritas Federal Credit Union rates »

Overview / Commentary

www.veritasfcu.org

615-786-0452

1 Nissan Way
Franklin, TN 37067

Veritas Federal Credit Union is headquartered in Franklin and is the 61^st largest credit union in the state of Tennessee. It is also the 2,510^th largest credit union in the nation. It was established in 1973 and as of June of 2018, it had grown to 18 employees and 6,387 members at 5 locations. Veritas Federal Credit Union's CD rates are 28% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Must be an employee of Nissan North America or any of its regional office in North America, Infiniti Regional Office, Parts Distribution Center (PDC), Distribution Auto Service (DAS) or any Tier 1 or Tier 2 Supplier in North America.
See current membership details

Unfortunately, One Star Is The Lowest I Rate Them

Posted by: Anonymous | Apr 30, 2011

How is it possible for so many incompetent people to be working in such close proximity? Anyone with any value or sense of customer service seems to be either fired or they find a way to escape for better employment as soon as they figure it out. The turn over in that place is amazing. Obviously the CEO breeds this type of environment without any concern to the ramifications of it's members. Where is the oversight? With this lackadaisical attitude of "don't bother me...can't you see I'm on Facebook?" it's a wonder that the doors are still open. Anywhere else, these people would be in the unemployment line. My advise is to take your money and run!

Comment

2

HORRIBLE CUSTOMER SERVICE

Posted by: susanklineman | Mar 10, 2011

This credit union formely known as Nissan FCU now Veritas is ran by a bunch of complete idiots and there customer service is the worst, I was a customer for 12 years until they changed to Veritas.

Comment

4

Health

B

Data as of Q2 2018

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Veritas Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #	21354
Year Chartered	1973
Employees	18
Primary Regulator

Profit Margin
Return on Assets - YTD	0.34%
Return on Equity - YTD	3.62%
Annual Interest Income	$1.1MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$42.5MM$42.7MM
Loans	Q2 2018vs Q2 2017	$30.2MM$31.1MM
Deposits	Q2 2018vs Q2 2017	$37.9MM$38.2MM
Equity Capital	Q2 2018vs Q2 2017	$4.0MM$3.8MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$339.00K$334.00K
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$310.00K$711.00K
Real Estate Owned	Q2 2018vs Q2 2017	$0$0

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