Veridian Credit Union is a credit union in the U.S. state of Iowa with assets over 5 billion USD and a member base of over 250,000.[3]
 | |
| Formerly | John Deere Employees Credit Union |
|---|---|
| Founded | 1934 in Waterloo, Iowa, United States |
Number of locations | 30 branches (2021)[1] |
Area served | Waterloo/Cedar Falls, Cedar Rapids, Iowa City, Des Moines, & Omaha metropolitan areas and their surrounding communities. |
| Total assets | |
| Website | www |
Its field of membership consists of:
- Those who are living in or are working for a business located in any county in Iowa or in Cass, Douglas, Lancaster County, Sarpy, Saunders, Washington counties in Nebraska.[4][5]
- Family members of an eligible individual.[4][6]
- Individuals with disabilities as defined by the Americans with Disabilities Act of 1990 who are living in the State of Iowa.[4]
- Registered users of Dwolla.[4]
Veridian was started in 1934 as John Deere Employees Credit Union in Waterloo, Iowa.[7][8] In 1984, it became the John Deere Community Credit Union of Waterloo when the local community were allowed to join.[7][8] In 1986, nearby residents in Cedar Falls also became eligible and it became the John Deere Community Credit Union.[7][8]
In 2004, Deere & Company asked the credit union not to use "John Deere" in its name to avoid trademark and company confusion because it was no longer affiliated with the company.[7][8] Members voted to approve changing the name to Veridian Credit Union on August 21, 2005,[9] with official use beginning in January 2006.[7][8] Its name is derived from the words "verdant" meaning green and growing, and "veritas" which is Latin for truth.[10]
As of 2020, its current CEO and president is Renee Christoffer.[11][2]
References
edit- ^ "Locations". Retrieved 2021-07-28.
- ^ a b c d e "Veridian Credit Union 2020 Annual Report" (PDF). Archived (PDF) from the original on 2020-04-20. Retrieved 2021-07-28.
- ^ "Credit Union Details". mapping.ncua.gov. National Credit Union Administration. Retrieved 2021-07-28.
- ^ a b c d "Become a Member – Membership Requirements". Veridian Credit Union. Retrieved 2020-04-20.
- ^ "Who can become a Veridian member?". Veridian Credit Union. Retrieved 2020-04-20.
- ^ "How does Veridian define "family members"?". Veridian Credit Union. Retrieved 2020-04-20.
- ^ a b c d e Balaban, RC (20 July 2005). "John Deere Community Credit Union to become Veridian". Waterloo Cedar Falls Courier. Retrieved 2015-12-06.
- ^ a b c d e "What is Veridian's history?". Archived from the original on 2020-04-20. Retrieved 2020-04-20.
- ^ Trainor, Jean (September 2005). "New Name Approved" (PDF). Community Advisor. Archived from the original (PDF) on 2005-09-22. Retrieved 2021-02-11.
{{cite news}}: CS1 maint: date and year (link) - ^ DeWitt, Jennifer (21 July 2005). "Credit union will shed Deere name". The Quad-City Times. Retrieved 2015-12-06.
- ^ "Veridian Credit Union: Private Company Information". Bloomberg Businessweek. Retrieved 2015-12-06.