Veridian Credit Union

Waterloo, Iowa

B+Health Score
72B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

How This Organization Compares

Compared to 43 peers in Public & Societal Benefit with $100M-$1B revenue

Working Capital Ratio (net assets ÷ expenses)

This Org2.33×
Peer Median1.07×
💰
$393.8M
Total Revenue
📊
$320.5M
Total Expenses
🏦
$748.3M
Net Assets
📋
$6.7B
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+27.7%
Year-over-year change (2022 → 2023)
Net Margin
+18.6%
Revenue minus expenses as % of revenue
Working Capital Ratio
2.33
Net assets divided by total expenses
Liabilities-to-Assets
90.0%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$393,776,05628%$320,519,57154%$7,452,103,4788%
2022$308,336,2188%$208,710,14026%$6,898,328,20618%
2021$284,905,47414%$165,949,82610%$5,861,265,76214%
2020$250,686,4378%$183,953,9522%$5,127,625,89918%
2019$232,895,62116%$179,934,72219%$4,348,513,3125%
2018$201,526,79824%$150,898,26821%$4,142,827,26916%
2017$161,883,87720%$124,385,5687%$3,556,595,29515%
2016$135,221,5566%$116,437,75516%$3,100,933,8255%
2015$127,680,7476%$100,279,7545%$2,952,155,10712%
2014$120,038,1587%$95,396,7596%$2,641,081,1649%
2013$112,096,3752%$89,882,1554%$2,433,904,4994%
2012$110,314,442$86,359,0451%$2,350,002,40016%
2011$110,720,899$85,635,622$2,019,601,224

Frequently Asked Questions

What does Veridian Credit Union do?

Veridian Credit Union is a public & societal benefit nonprofit organization based in Iowa. It is classified under NTEE code W61 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Veridian Credit Union financially healthy?

Based on our 9-metric Financial Health Score model, Veridian Credit Union has a score of 72/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Veridian Credit Union generate?

Veridian Credit Union reports $459.8M in annual revenue and holds $8.0B in total assets, based on IRS filings.

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