No stored Google rating available.
Iowa-based credit union with $7.96B in assets, 340,000+ members, and 35 branches across Iowa, Nebraska, and Minnesota.
Data compiled from public sources
Veridian Credit Union was founded in 1934 as the John Deere Employees Credit Union in Waterloo, Iowa, and has grown into one of the region's largest financial institutions. Originally serving only John Deere employees, membership expanded to the local community in 1984, and the organization rebranded to Veridian Credit Union in 2006 after Deere & Company requested the name change to avoid trademark confusion. The name derives from "verdant" (green and growing) and "veritas" (Latin for truth), reflecting the organization's values.
As a credit union, Veridian offers traditional banking services including checking and savings accounts, certificates of deposit (CDs), and lending products to its membership base. The organization maintains 35 branches across multiple metropolitan areas including Waterloo/Cedar Falls, Cedar Rapids, Iowa City, Des Moines, and Omaha. Membership eligibility extends beyond geographic location to include individuals with disabilities, Dwolla users, and those making donations to Habitat for Humanity, creating broad accessibility.
Veridian distinguishes itself through substantial financial stability and regional market presence. With $7.96 billion in total assets (2024) and net income of $101.3 million, the credit union demonstrates strong financial health and growth trajectory. The organization serves a diverse membership across three states and operates as a member-owned cooperative rather than a for-profit bank, returning benefits to members through rate claims to verify and lower fees typical of credit unions.
Veridian is best suited for consumers in its service regions seeking traditional banking with credit union benefits, community focus, and member-ownership advantages. However, prospective members outside the defined geographic areas (Iowa counties plus specific Nebraska and Minnesota counties) or those not meeting eligibility criteria may find access restricted. The company's regional focus, while strengthening community ties, limits national reach compared to large banking institutions.
Veridian processed 7,114 mortgage applications in 2023, with 86.7% recorded as approved across 16 states.
7,114
Applications
86.7%
Approval Rate
$123K
Avg Loan
16
States Served
Based on 7,114 applications. Income in thousands (reported by applicant).
Source: CFPB Home Mortgage Disclosure Act (HMDA) Data, 2023. Applications include originated, approved, and denied loans.
Veridian offers 12 services including Checking accounts, Savings accounts, Certificates of Deposit (CDs), Lending products, Member-accessible banking through 35 branch locations, and 7 more.
Veridian has profile signals associated with Residents and workers in Iowa, Nebraska (Cass, Douglas, Lancaster, Sarpy, Saunders, Washington counties), and Minnesota (Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, Washington, Wright counties), Consumers seeking credit union member-ownership benefits and community-focused banking, Individuals with disabilities seeking inclusive financial institution options, Dwolla users and Habitat for Humanity supporters eligible for alternative membership pathways.
Key strengths: Strong financial position with $7.96B in assets and $101.3M net income (2024), demonstrating stability and growth; Credit union structure provides member-ownership model with rate claims to verify and lower fees than traditional banks; Extensive regional branch network with 35 locations across Iowa, Nebraska, and Minnesota metropolitan areas. Areas to consider: Geographic membership restrictions limit access to specific Iowa, Nebraska, and Minnesota counties only; Regional focus means limited national infrastructure and ATM networks compared to major national banks.
In the Banks category, comparable providers include Atlantic Union Bank, Financial Center, LendingClub. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
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CreditDoc Profile Note
Veridian Credit Union is profile signals for consumers in its service regions (Iowa, specific Nebraska/Minnesota counties) seeking traditional banking with credit union advantages of member ownership and rate claims to verify. The main caveat is strict geographic membership restrictions and lack of publicly detailed product specifications on the provided website, requiring prospective members to contact the institution directly for specific offerings and terms.
Atlantic Union Bank is a regional bank offering personal and business checking, savings, lending, and wealth management services across multiple locations.
Google rating from 27 reviews
Profile signals: Small business owners and entrepreneurs seeking industry-specific banking solutions, Individuals seeking comprehensive personal banking with multiple checking account options
Financial Center First Credit Union is a federally insured credit union based in Indianapolis offering member-owned banking, loans, mortgages, and financial education.
Google rating from 126 reviews
Profile signals: Indiana residents seeking member-owned banking with federal deposit insurance, Auto loan borrowers in the Indianapolis/Muncie area seeking rates below market average
LendingClub is a digital marketplace bank offering personal loans up to $60,000, auto refinancing, and award-winning checking/savings accounts with no physical branches.
Google rating from 4,720 reviews
Profile signals: Borrowers with good-to-excellent credit seeking competitive personal loan rates, Credit card debt consolidators looking for fixed-rate alternatives
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