Sep, 30, 2025 — VERITAS FEDERAL CREDIT UNION is a federal credit union headquartered in SMYRNA, TN with 2 branch locations and about $55.77 million in total assets. Opened 53 years ago in 1973, VERITAS FEDERAL CREDIT UNION has about 4,990 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VERITAS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 685 Ken Pilkerton Dr SMYRNA, TN 37167-3812 |
| Phone: | (615) 786-0452 |
| Fax: | (615) 288-5027 |
| Website: | https://www.veritasfcu.org |
| Branches: | 2 branch locations |
| Members: | 4,990 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21354 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation equipment |
| Corporate Credit Union: | No |
| Year Opened: | 1973 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $55,773,449 |
| CEO/Manager: | Teri Crowl |
| Chairperson: | Michelle Garcia |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,140,445 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 20,489,572 |
| Unsecured Loans | 9,262,275 |
| Other Loans | 13,403,492 |
| TOTAL LOANS | 43,155,338 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -496,331 |
| Land And Building | 4,593,783 |
| Other Fixed Assets | 441,904 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 425,049 |
| All Other Assets | 0 |
| TOTAL ASSETS | 55,773,449 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 405,026 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,283,249 |
| Regular shares | 19,535,045 |
| All Other Shares & Deposits | 18,271,456 |
| TOTAL SHARES & DEPOSITS | 51,089,750 |
| TOTAL LIABILITIES | 51,494,776 |
| Regular Reserve | 0 |
| Other Reserves | -51,410 |
| Undivided Earnings | 4,330,083 |
| TOTAL EQUITY | 4,278,673 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 55,773,449 |
| INCOME & EXPENSE | |
| Loan Income | 2,648,528 |
| Investment Income | 136,294 |
| Other Income | 392,846 |
| Total Employee Compensation & Benefits | 1,249,101 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,159,607 |
| Non-operating Income & (Expense) | 80 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 338,944 |
| Cost of Funds | 559,509 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 133,584 |
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