Veritas Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
2.47%	2-year CD	25 Month Certificate Special 2.25% - Synchrony Bank 24 Month CD
2.30%	5-year CD	60 Month Certificate 2.50% - Ally Bank High Yield 5 Year CD
1.15%	1-year CD	12 Month Certificate 2.10% - Goldman Sachs Bank USA High-yield 12 Month CD

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 62^nd largest credit union in the state of Tennessee. It is also the 2,529^th largest credit union in the nation. It was established in 1973 and as of December of 2017, it had grown to 17 employees and 6,392 members at 5 locations. Veritas Federal Credit Union's CD rates are 28% higher than the national average, but it has a C 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

C

Data as of Q4 2017

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	17
Primary Regulator

Profit Margin
Return on Assets - YTD	0.46%
Return on Equity - YTD	4.86%
Annual Interest Income	$2.2MM

Assets and Liabilities
Assets	Q4 2017vs Q4 2016	$40.8MM$42.5MM
Loans	Q4 2017vs Q4 2016	$32.3MM$30.7MM
Deposits	Q4 2017vs Q4 2016	$36.1MM$38.3MM
Equity Capital	Q4 2017vs Q4 2016	$3.9MM$3.7MM
Loan Loss Allowance	Q4 2017vs Q4 2016	$333.00K$345.00K
Unbacked Noncurrent Loans	Q4 2017vs Q4 2016	$685.00K$643.00K
Real Estate Owned	Q4 2017vs Q4 2016	$0$0

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