Veridian Credit Union

Veridian Credit Union is a credit union in Iowa, with assets over US$1.4 billion and a member base of over 145,000 [Credit Union Access "Local Credit Unions" [http://creditunionaccess.com/cu64418.htm http://creditunionaccess.com/cu64418.htm] retrieved on 2008-09-17] Veridian is the largest credit union in the state of Iowa and among the largest credit unions in the nation.Fact|date=September 2008 Veridian offers a range of products, including credit cards, checking accounts, savings accounts, and loans.

History

Veridian began in 1934 as John Deere Employees Credit Union with their office located in Waterloo, Iowa. It began with just a few John Deere employees who were looking for alternative financial options to what commercial banks had to offer. [Credit Union Access "Local Credit Unions" [http://creditunionaccess.com/cu64418.htm http://creditunionaccess.com/cu64418.htm] retrieved on 2008-09-17] [Veridian Credit Union "About Us - History" [http://www.veridiancu.org/about_us/cu_history.asp http://www.veridiancu.org/about_us/cu_history.asp] retrieved on 2008-09-17]

By 1984, credit union membership was available to all those in the outlying community and the name was changed to John Deere Community Credit Union of Waterloo. Their field of membership continued to grow. By 1986 membership opened up to the neighboring community of Cedar Falls , which again called for a change in the name and lead them to drop the "Of Waterloo" and leave it as John Deere Community Credit Union. [Veridian Credit Union "About Us - History" [http://www.veridiancu.org/about_us/cu_history.asp http://www.veridiancu.org/about_us/cu_history.asp] retrieved on 2008-09-17]

In 2004 Deere & Company asked the credit union not to use "John Deere" in their name to avoid trademark and company confusion. This led to yet another name change in 2006 to the current name Veridian Credit Union. The name "Veridian" is derived from the words "verdant" meaning green and growing, and "veritas" which is Latin for truth. [Veridian Credit Union "About Us - History" [http://www.veridiancu.org/about_us/cu_history.asp] retrieved on 2008-09-17] [cite news|url=http://www.accessmylibrary.com/coms2/summary_0286-9638639_ITM|title=Iowa credit union changes its name.|date=22 Sep 2005|work=Waterloo Courier (Waterloo, Iowa) (via Knight-Ridder/Tribune Business News)|accessdate=2008-09-18]

The credit union funds some financial literacy programs. [cite news|url=http://www.accessmylibrary.com/coms2/summary_0286-33400795_ITM|title=Veridian CU Funds $35K In Financial Lit. Programs.(Veridian credit union)|date=3 SEP 2007|work=Credit Union Journal|accessdate=2008-09-18]

References

*cite news|url=http://www.accessmylibrary.com/coms2/summary_0286-14996189_ITM|title=Two CUs Sign Up With Princeton eCom.(Veridian Credit Union and Utah Community Credit Union)|date=24 April 2006|work=Credit Union Journal|accessdate=2008-09-18

External links

* [http://www.veridiancu.org Veridian Credit Union]