WATERLOO, Iowa –Veridian Credit Union has been ranked No. 1 in a recent national index for returning earnings to members.
The Return of the Member Report from Callahan & Associates scores member value offered by more than 5,600 peer credit unions across the U.S. in three key areas, including savings, lending and product usage.
“As a member-owned, not-for-profit financial cooperative, there’s no greater compliment than to be recognized for the value we provide to our members,” said Veridian President and CEO Monte Berg. “It’s never been more important for us to raise awareness of the credit union difference, and this report is a valuable demonstration of the ‘people helping people’ credit union philosophy.”
Veridian estimates that members saved more than $22 million in 2017 by using loan and deposit products at Veridian rather than a for-profit financial service provider.