Featured Savings Rates
Featured Accounts

Veritas Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.25%5-year CD60 Month Certificate
0.50%1-year CD12 Month Certificate
0.10%SavingsShare Savings Account

Overview / Commentary
615-786-0452
1 Nissan Way
Franklin, TN 37067

Veritas Federal Credit Union is headquartered in Franklin and is the 60th largest credit union in the state of Tennessee. It is also the 2,450th largest credit union in the nation. It was established in 1973 and as of September of 2016, it had grown to 18 employees and 6,503 members at 5 locations. Veritas Federal Credit Union 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

Related Posts

Veritas FCU Has Very Competitive 14-Month Certificate Special - 3/3/2016

Veritas Federal Credit Union has a competitive, limited-time 14-month CD Special (2.02% APY). Minimum deposit is $500 of new money. FOM is affiliation with Nissan North America.

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Reviews (2)

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!

HORRIBLE CUSTOMER SERVICE

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.

 



Health
C+
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 Chartered1973
Employees18
Primary Regulator
Profit Margin
Return on Assets - YTD0.02%
Return on Equity - YTD0.28%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$44.5MM$39.9MM
LoansQ3 2016vs Q3 2015$30.1MM$26.6MM
DepositsQ3 2016vs Q3 2015$40.2MM$35.7MM
Equity CapitalQ3 2016vs Q3 2015$3.8MM$3.8MM
Loan Loss AllowanceQ3 2016vs Q3 2015$295.00K$298.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$668.00K$180.00K
Real Estate OwnedQ3 2016vs Q3 2015$0$400.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Veritas Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--IRA Share Account
0.50%$25-Educational IRA Account
0.25%$50-Christmas Club Account
0.10%$50-Share Savings Account
0.10%$25-Youth Account

Veritas Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$10k*-Tiered Checking Account
OTHER TIERS: 0.05% $2,500 - $5k | 0.10% $5k - $10k

Veritas Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$1k-60 Month Certificate
1.14%$500-23 Month Certificate Special
1.00%$1k-36 Month Certificate
0.75%$1k-24 Month Certificate
0.65%$1k-18 Month Certificate
0.50%$1k-12 Month Certificate
0.30%$1k-6 Month Certificate

Veritas Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$500-36 Month IRA Certificate
0.65%$500-18 Month IRA Certificate
0.50%$500-12 Month Roth IRA Certificate
0.50%$500-12 Month Roth Convertible Certificate
Locations


Veritas Federal Credit Union Locations
Branch Office664 North DrHopkinsville, KY 42240
Branch Office276 Nissan Pkwy Ste ACanton, MS 39046
Branch Office1 Nissan WayFranklin, TN 37067
Branch Office509 Enon Springs Rd ESmyrna, TN 37167-4486
Branch Office983 Nissan DrSmyrna, TN 37167