Veridian CU Recognized for Giving Back to Members
June 13, 2019
Returning profit to our members by offering great rates and low fees on a variety of products and services. That's the value of Veridian.
WATERLOO, Iowa: For the sixth consecutive quarter, Veridian Credit Union is ranked first in a national index for returning value to members. Callahan & Associates, a credit union research and consulting firm based in Washington, D.C., publishes The Return of the Member Report quarterly. The report ranks all 5,451 U.S. credit unions according to a comprehensive scoring of value provided in three areas, including savings, lending and product usage. Veridian has topped each ranking since the fourth quarter of 2017, including the most recent report for the first quarter of 2019.
“As a member-owned, not-for-profit financial cooperative, there’s no greater compliment than to be recognized for the value we provide to our members,” said Veridian President and CEO Monte Berg. “When our members keep more of their own money, it strengthens their financial future and our local economy. We’re grateful to play a part in making that happen.”
Veridian estimates that members saved more than $35 million in 2018 by using loan and deposit products at Veridian rather than a for-profit financial service provider. The credit union is self-governed by a 15-seat board of unpaid, volunteer directors who are democratically elected by Veridian members.
Veridian Credit Union, founded in 1934 in Waterloo, Iowa, is a not-for-profit financial cooperative owned by its members. The credit union offers a full range of business and consumer financial services and employs nearly 800 people throughout 31 branches in Iowa and eastern Nebraska. For more information, visit veridiancu.org or call (800) 235-3228.