#393 of 500 · Member & Benefit Funds

Veridian Credit Union

EIN 42-1132695 · IA · NTEE W61 · Form 990, fiscal 2023

A not-for-profit financial cooperative founded in 1934 and headquartered in Waterloo, Iowa. Owned by its members, it provides consumer and business banking services including savings and checking accounts, auto and mortgage loans, and other financial products across Iowa, Nebraska, and Minnesota. As a cooperative, it emphasizes lower fees, competitive loan and savings rates, financial education, and community involvement, returning value to members rather than outside shareholders.

Financials, fiscal 2023

Revenue

$393.8M

Expenses

$320.5M

Total assets

$7.45B

Net assets

$748.3M

Operating margin

18.6%

1-year growth

27.7%

5-year growth (CAGR)

14.0%

Reserve (years of spending)

28.0

Contributions share

n/a

Programme spending

83.8%

Fundraising cost

n/a

Executive pay share

2.10%

Employees

1,185

Revenue per employee

$332K

Grants paid

$806K

Years filing

16

NFP Health Score: 72 / 100

Financial 68 · Governance 65 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

As a financial cooperative, Veridian's main objective is to partner with our members to create successful financial futures.

Revenue history