Veridian named national leader in returning earnings to members
WATERLOO, Iowa (June 8, 2018): Veridian Credit Union ranks No. 1 in a recent national index for returning earnings to members. The Return of the Member Report is a comprehensive scoring of member value offered by more than 5,600 peer credit unions across the U.S. in three key areas, including savings, lending and product usage. Callahan & Associates, a credit union research and consulting firm based in Washington DC, publishes the report quarterly, placing Veridian in its top spot for the first quarter of 2018.
“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. “It’s never been more important for us to raise awareness of the credit union difference, and this report is a valuable demonstration of the ‘people helping people’ credit union philosophy.”
Veridian estimates that members saved more than $22 million in 2017 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 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 more than 800 people throughout 30 branches across Iowa and eastern Nebraska. For more information, visit veridiancu.org or call (800) 235-3228.