Veridian Credit Union might be appealing if you're searching for a credit union that is easy to join. Donating $5 to Habitat of Humanity of Iowa is the easiest way to become a member. However, Veridian Credit Union only has branches in Iowa and Nebraska, so you'll have to be comfortable with an online-only experience if you're not a resident of one of these states.
Veridian Credit Union Review: Overall Rating
| Feature | Insider rating (out of 5) |
| Saving | 3.5 |
| Checking | 4.25 |
| CD | 3.75 |
| Money market account | 3.5 |
| Trustworthiness | 5 |
| Total | 4 |
Veridian Credit Union Pros and Cons
| Pros | Cons |
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Veridian Credit Union Bank Account Reviews
Veridian Credit Union Savings Account
no monthly service fee
0.00% to 0.10%
$5
- Low minimum opening deposit
- No monthly service fees
- Low interest rate
- Must keep at least $50 in account to earn interest
- 30 branches in Iowa and Nebraska
- To become a member at Veridian Credit Union you must meet one of the following requirements: You live or work for a business in any Iowa county or select Nebraska counties (Cass, Douglas, Lancaster, Sarpy, Saunders, or Washington); You have a family member that is a current Veridian Credit Union member; You donate $5 to the Habitat for Humanity of Iowa when you apply for membership at Veridian Credit Union
- Interest compounded daily and deposited monthly
- Federally insured by the NCUA
To join Veridian Credit Union, you must open a Veridian Credit Union Veridian Credit Union Savings Account with at least $5.
To earn 0.10% APY, you'll need to keep at least $50 in your account daily.
Veridian Credit Union Free Checking Account
no monthly service fee
0.00% to 0.05%
$0
- Low minimum opening deposit
- No monthly service fees
- Earn interest on your account
- Free overdraft protection available
- 10 free withdrawals from the SHAZAM® Privileged Status Network
- $20 overdraft fee
- $1.50 withdrawal fee from non-Veridian ATMs (fee applies if you exceed the monthly limit from the SHAZAM® Privileged Status Network)
- No reimbursements if you're charged by an out-of-network ATM provider
- 30 branches in Iowa and Nebraska
- To become a member at Veridian Credit Union you must meet one of the following requirements: You live or work for a business in any Iowa county or select Nebraska counties (Cass, Douglas, Lancaster, Sarpy, Saunders, or Washington); You have a family member that is a current Veridian Credit Union member; You donate $5 to the Habitat for Humanity of Iowa when you apply for membership at Veridian Credit Union
- Over 30 Veridian ATMs and 10 free withdrawals per month at over 3,000 ATMs in the SHAZAM® Privileged Status Network
- Must maintain at least $50 in account to earn interest
- Interest compounded daily and deposited monthly
- Federally insured by the NCUA
The Veridian Credit Union Veridian Credit Union Free Checking Account is the bank's strongest product. It doesn't charge monthly service fees or have minimum balance requirements.
The checking account also offers free overdraft protection that lets you link your checking account to a savings account. Many of the best credit unions have high-yield checking accounts, though.
Veridian Credit Union Term CD
0.30% to 5.00%
$1,000
- Solid interest rates compared to other brick-and-mortar financial institutions
- Variety of short-term CDs
- Standard early withdrawal penalties
- Online banks may offer a higher interest rate on CDs
- No standard terms 4 years or over
- $1,000 minimum opening deposit
- 30 branches in Iowa and Nebraska
- To become a member at Veridian Credit Union you must meet one of the following requirements: You live or work for a business in any Iowa county or select Nebraska counties (Cass, Douglas, Lancaster, Sarpy, Saunders, or Washington); You have a family member that is a current Veridian Credit Union member; You donate $5 to the Habitat for Humanity of Iowa when you apply for membership at Veridian Credit Union
- Standard CD terms range from 7 months to 39 months
- Earn a higher interest rate if you deposit at least $100,000 in a CD
- Early withdrawal penalites: For terms 1 year of less the penalty is 90 days of interest; For terms longer than 1 year the penalty is 180 days of interest
- Interest compounded and deposited quarterly
- Federally insured by the NCUA
Veridian Credit Union could be a good option if you're searching for a 6-month or 15-month CD. These terms stand out because they pay competitive interest rates that are higher than the average CD.
The credit union also has a variety of different CDs to choose from. Along with the Veridian Credit Union Veridian Credit Union Term CD, it has bump-up CDs, jumbo CDs, add-on CDs, and CDs for teens and children.
Bump-up CDs allow you to increase your rate once during a term if Veridian's rates go up. A jumbo CD pays a higher interest rate than a regular CD but it requires a high minimum deposit. Meanwhile, an add-on CD allows you to deposit money after you open an account (usually, you'll have to wait until your term ends if you'd like to deposit more money into a CD).
Veridian Credit Union Traditional Money Market Account
no monthly service fee
0.00% to 0.25%
$1,000
- No monthly service fees
- Low interest rate
- $1,000 minimum opening deposit
- No paper checks
- No debit card
- Must maintain at least $1,000 in account to earn interest
- 30 branches in Iowa and Nebraska
- To become a member at Veridian Credit Union you must meet one of the following requirements: You live or work for a business in any Iowa county or select Nebraska counties (Cass, Douglas, Lancaster, Sarpy, Saunders, or Washington); You have a family member that is a current Veridian Credit Union member; You donate $5 to the Habitat for Humanity of Iowa when you apply for membership at Veridian Credit Union
- Must maintain at least $1,000 in account to earn interest
- Interest compounded daily and deposited monthly
- Federally insured by the NCUA
You might like the Veridian Credit Union Veridian Credit Union Traditional Money Market Account if you have at least $1,000 for an initial opening deposit. The money market account pays a higher interest rate than the credit union's savings account. But you could still find more competitive interest rates on savings accounts at other online banks.
About Veridian Credit Union
Veridian Credit Union is certified as a community development financial institution (CDFI). It has over 30 branches and over 30 ATMs in Iowa and Nebraska. Members may also make 10 free withdrawals per month at over 3,000 ATMs in the SHAZAM® Privileged Status Network.
To contact customer service, you may call or send a message via live chat from 8 a.m. to 7 p.m. CT on weekdays or 9 a.m. to 1 p.m. CT on Saturdays.
The credit union's mobile app received 4.8 out of 5 stars in the Google Play store and 4.9 out of 5 stars in the Apple store.
Veridian Credit Union bank accounts are federally insured by the NCUA. Up to $250,000 is secure per owner in a bank account.
How to Join Veridian Credit Union
To become a member of Veridian Credit Union, you must meet one of the following criteria:
- You have a family member who is a current Veridian Credit Union member
- You live or work in select counties in Nebraska or Iowa
- You donate $5 to the Habitat of Humanity of Iowa when you apply for membership at Veridian Credit Union
If you fulfill at least one of the requirements, you may join Veridian Credit Union. All members must open a Veridian Credit Union Veridian Credit Union Savings Account with at least $5.
The Role of Community Development Financial Institutions
CDFIs serve low-income and disadvantaged communities. Banks and credit unions have to undergo certification by the US Department of Treasury's Community Development Financial Institutions Fund and meet specific requirements to address banking barriers.
Veridian Credit Union is partnered with the Community Foundation of Northeast Iowa and awards grants to non-profit organizations that focus on financial education. The credit union also awards $14,000 in scholarships annually to members pursuing higher education.
Is Veridian Credit Union Trustworthy?
We include ratings from the Better Business Bureau so you may see how an institution addresses customer issues.
The BBB gave Veridian Credit Union an A+ rating. A good BBB rating doesn't mean you'll have a smooth relationship with a financial institution, though. Consider reading online customer reviews and talking to current customers to see if Veridian Credit Union is right for you.
The credit union hasn't been involved in any recent public controversies.
How Veridian Credit Union Compares
Veridian Credit Union vs. Wings Credit Union
Wings Credit Union has 26 branches in Minnesota, Michigan, Florida, Georgia, and Washington. You can also become a member from anywhere in the US if you donate $5 to the Wings Financial Foundation, a non-profit organization that provides financial education programs and college scholarships to members.
If your priority is to earn a high interest rate on an account, Wings Credit Union will likely be the more appealing option. Wings Credit Union has a high-yield checking account and a high-yield savings account. To earn the highest interest rate on the Wings Credit Union High-Yield Checking Account or Wings Credit Union High-Yield Savings Account, you'll need to meet certain requirements each month.
Veridian Credit Union might be a stronger option if you're searching for a money market account. The Wings Credit Union Investment Money Market Account has a $5,000 minimum opening deposit. Meanwhile, the Veridian Credit Union Veridian Credit Union Traditional Money Market Account lets you open an account with $1,000 and makes it easier to earn interest on your account.
Veridian Credit Union vs. Alliant Credit Union
Both Alliant and Veridian Credit Union make it easy to become a member. At Veridian Credit Union, you are eligible for membership if you donate $5 to Habitat of Humanity of Iowa. Alliant Credit Union lets you become a member by joining Foster Care to Success (Alliant will cover your $5 joining fee).
Deciding between these two credit unions might hinge on what you're searching for in a bank account.
For example, Alliant Credit Union pays higher interest rates on savings accounts and CDs. The Alliant High-Rate Savings Account offers 3.10% APY, and certificates range from 3.10% to 4.25% APY.
If you live in Iowa or Nebraska and prefer a credit union with local branches, you may prefer Veridian Credit Union. Alliant Credit Union is an online-only financial institution, so it doesn't have locations.
Why You Should Trust Us: How We Reviewed Veridian Credit Union
For our Veridian Credit Union review, we rated bank products and services using our editorial standards.
We rate products on a scale from one to five stars, and use a bank account methodology
For example, using our CD methodology we'll review interest rates, minimum opening deposit requirements, early withdrawal penalties, CD variety, customer support availability, mobile app ratings, miscellaneous features, security, and ethics of the overall company. Meanwhile, for checking accounts, we'll factor in the ATM network size and fees, overdraft protection options, customer support hours, mobile app ratings, ethics, security, miscellaneous features, minimum opening deposit requirements, and fees.
We use a weighted average to get our star rating, which means we weigh certain features, like interest rates and fees, at a higher weight percentage than others. We understand that these areas can more heavily impact a person's overall banking experience.
Veridian Credit Union FAQs
Veridian Credit Union has around 30 branches in Iowa and Nebraska. You can also become a member from anywhere in the US if you donate $5 to Habitat of Humanity of Iowa.
Yes, Veridian Credit Union is a federally insured financial institution. Up to $250,000 is secure per owner in a Veridian bank account.
Veridian Credit Union is a good option if you are searching for a financial institution that makes it easy to avoid typical bank fees. For example, the Veridian Credit Union Veridian Credit Union Free Checking Account doesn't charge monthly service fees. It also offers free overdraft protection, so you don't have to worry about overdraft fees, and allows you to make up to 10 free withdrawals per month at any SHAZAM® Privileged Status ATMs so you may avoid out-of-network ATM fees. However, if you're searching for high interest rates, you might find higher rates at other online banks and credit unions.
