Sep, 30, 2025 — VERIDIAN CREDIT UNION is a federally insured state chartered credit union headquartered in WATERLOO, IA with 34 branch locations and about $8.37 billion in total assets. Opened 92 years ago in 1934, VERIDIAN CREDIT UNION has about 363,770 members and employs 1,057 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VERIDIAN CREDIT UNION |
|---|---|
| Address: (Main Office) | 1827 Ansborough Ave WATERLOO, IA 50701 |
| Phone: | (319) 236-5600 |
| Fax: | (319) 236-5668 |
| Website: | https://www.veridiancu.org |
| Branches: | 34 branch locations |
| Members: | 363,770 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64418 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $8,373,412,363 |
| CEO/Manager: | Renee Christoffer |
| Chairperson: | Stephanie Atkin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 348,751,481 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 9,868,952 |
| Real Estate Loans | 3,630,422,644 |
| Unsecured Loans | 287,169,403 |
| Other Loans | 3,469,170,435 |
| TOTAL LOANS | 7,388,000,563 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -65,858,819 |
| Land And Building | 82,081,645 |
| Other Fixed Assets | 14,126,422 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 55,013,181 |
| All Other Assets | 1,358,935 |
| TOTAL ASSETS | 8,373,412,363 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 23,488 |
| Notes & Interest Payable | 444,336,034 |
| Accounts Payable & Other Liabilities | 99,789,049 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,333,945,585 |
| Regular shares | 1,219,095,534 |
| All Other Shares & Deposits | 4,328,301,552 |
| TOTAL SHARES & DEPOSITS | 6,881,342,670 |
| TOTAL LIABILITIES | 7,425,491,241 |
| Regular Reserve | 0 |
| Other Reserves | 308,557,122 |
| Undivided Earnings | 639,364,000 |
| TOTAL EQUITY | 947,921,122 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,373,412,363 |
| INCOME & EXPENSE | |
| Loan Income | 302,575,331 |
| Investment Income | 20,904,452 |
| Other Income | 17,670,171 |
| Total Employee Compensation & Benefits | 80,475,549 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 57,469,866 |
| Non-operating Income & (Expense) | 1,082,788 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,433,253 |
| Cost of Funds | 143,686,178 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 87,018,352 |
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