Credit union
Veridian Credit Union
Waterloo, Iowa, Black Hawk County, IA
$9.2B in total assets and 379,914 members, the 38th largest of 4,298 US credit unions and 2nd of 66 headquartered in Iowa.
- NCUA charter
- 64418
- Charter
- State chartered (IA)
- Chartered
- 1934
- NCUA insured since
- 1978
- Low-income designation
- Yes
- Website
- http://www.veridiancu.org
At a glance
Compared with 445 US federally insured credit unions with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This credit union | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $9.2B | 97% | $2.1B | |
| Loans | $8.0B | 98% | $1.5B | |
| Deposits (shares) | $7.7B | 97% | $1.8B | |
| Members | 379,914 | 93% | 117,912 | |
| Return on assets | 1.65% | 95% | 0.82% | |
| Net interest income to assets | 3.08% | 28% | 3.42% | |
| Efficiency ratio | 54.0% | 4% | 71.8% | |
| Net worth ratio | 11.57% | 63% | 10.86% | |
| Loans to shares | 103% | 91% | 88% | |
| Cost of deposits | 2.53% | 92% | 1.78% |
Ratios are annualized from year-to-date figures. Return on assets uses average assets, as NCUA does. Cost of deposits includes dividends on shares.
Growth
Total assets grew 11.8% a year over 10 years and 10.6% a year over the last 5, including 2 mergers in the last 10 years. Membership grew 7.6% a year over 5 years, to 379,914.
Dashed lines mark larger mergers, listed below.
Mergers and acquisitions
| Closed | Absorbed | Assets at last filing |
|---|---|---|
| Aug 2023 | American Investors Bank and Mortgage Bank, Eden Prairie, MN | $121M |
| Jan 2023 | Warren Credit Union Credit union, Waterloo, IA | $4M |
| Sep 2015 | Midwest Federal Employees Credit Union Credit union, Waterloo, IA | $7M |
| Aug 2015 | Waterloo Police Credit Union Credit union, Cedar Falls, IA | $2M |
| Jun 2014 | Ashworth Credit Union Credit union, West Des Moines, IA | $6M |
| Jan 2014 | Oelwein-Cresco Credit Union Credit union, Cresco, IA | $883K |
| Jan 2013 | MHI Independence Employees Credit Union Credit union, Independence, IA | $1M |
Where they operate
32 branches in 12 counties.
Largest counties by branches
| County | Branches | Share of all branches | Rank |
|---|---|---|---|
| Black Hawk County, IA | 9 | 14.8% | 1 of 23 |
| Polk County, IA | 7 | 3.8% | 6 of 59 |
| Douglas County, NE | 4 | 1.7% | 14 of 69 |
| Dallas County, IA | 2 | 3.8% | 4 of 36 |
| Linn County, IA | 2 | 2.0% | 18 of 40 |
| Sarpy County, NE | 2 | 3.0% | 10 of 30 |
| Bremer County, IA | 1 | 6.2% | 5 of 10 |
| Buchanan County, IA | 1 | 7.1% | 3 of 8 |
Credit unions do not report deposits by branch, so these are branch counts: this credit union's branches against every bank and credit union branch in the county. Rank is among all banks and credit unions with a branch there.
Branches by year
| Year end | Branches | Change |
|---|---|---|
| 2016 | 29 | |
| 2017 | 30 | +1 |
| 2018 | 30 | 0 |
| 2019 | 31 | +1 |
| 2020 | 29 | −2 |
| 2021 | 29 | 0 |
| 2022 | 29 | 0 |
| 2023 | 32 | +3 |
| 2024 | 32 | 0 |
| 2025 | 32 | 0 |
| Jun 2026 | 32 | 0 |
Member-serving offices as listed in NCUA call reports. Changes include branches gained in mergers.
Earnings and credit
Return on assets
Year to date, annualized, with the peer median.
Credit and capital
| This credit union | Peer median | |
|---|---|---|
| Delinquent loans, 60+ days | 0.67% | 0.69% |
| Net worth ratio | 11.57% | 10.86% |
| Loans to shares | 103% | 88% |
Delinquent loans are two or more months past due. Net worth is NCUA's capital measure for credit unions.
Related
Credit unions of similar size in Iowa
Most branches in Black Hawk County, IA
Figures as of June 30, 2026 from the credit union's NCUA call report (Form 5300), NCUA's credit union locator and FFIEC merger records.