WATERLOO, Iowa–For the sixth consecutive quarter, Veridian Credit Union has been ranked first in a national index for returning value to members, according to Callahan & Associates’ Return of the Member ranking.
The report ranks all 5,451 U.S. credit unions according to a comprehensive scoring of value provided in three areas, including savings, lending and product usage. Veridian has topped each ranking since the fourth quarter of 2017, including the most recent report for the first quarter of 2019.
“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. “When our members keep more of their own money, it strengthens their financial future and our local economy. We’re grateful to play a part in making that happen.”
Veridian said it estimates that members saved more than $35 million in 2018 by using loan and deposit products at Veridian rather than a for-profit financial service provider.