Judges Name Veridian Credit Union as One of
"The Principal 10 Best Companies for Employee Financial Security"
Waterloo, IA - - - Veridian Credit Union, based in Waterloo, is one of only 10 growing companies earning national acclaim for maintaining its commitment to offer employees extraordinary benefits, despite a chaotic economy.
An independent judging panel of employee benefits experts named Veridian as one of the 2011 winners of The Principal® 10 Best Companies for Employee Financial Security, citing their medical insurance, wellness and retirement plans.
"Veridian faces the same challenges as other businesses. What makes them extraordinary is the priority they place on employee financial security," said Luke Vandermillen, vice president at The Principal®. "Veridian understands the direct connection between strong benefits, a strong workforce and a strong bottom line – in the best and worst of times."
The Principal Financial Group® sponsors the national program, which is now in its tenth year. It honors growing companies for their commitment to their employees’ financial security.
"Veridian Credit Union has an excellent program. Their wellness program is not to be believed. They have so much creativity and what’s important is they actually measure for result. Forty percent of their people have actually gone through the medical screening which is really amazing to me. Second thing is they have a rich medical program, which is 100 percent paid for by the employer, by Veridian, for both the employee and the dependent family. Their commitment to retirement security is excellent." – David Wray, 10 Best judge and president of the Profit Sharing/401k Council of America (PSCA). Veridian has over 500 employees and offers a full range of consumer financial services.
"It’s a terrific honor to be selected as one of The Principal 10 Best Companies," said Renee Christoffer, Senior Vice President of Administration. "We believe that our employee benefits are one of the hallmarks of the organization, especially in these difficult times."
As part of the recognition, The Principal awards a donation to a charity selected by each winning company. Veridian chose United Way to receive the $2500 donation.
Group Benefits Design Corporation and CUNA Mutual Group consult with Veridian on their employee benefits programs.
A summary of best practices from Veridian and other winners will be published and available in January 2012 at www.principal.com/10best.
Veridian joins the following organizations in being named one of The Principal 10 Best--2011
- Associates for International Research, (AIRINC), Cambridge, Mass
- Consolidated Federal Credit Union, Portland, Ore.
- Educational Commission for Foreign Medical Graduates, Philadelphia, Pa.
- Greeley and Hansen, Chicago, Ill.
- Home Builders Institute, Washington, DC
- Postal Credit Union, Woodbury, Minn.
- RED F Marketing, Charlotte, N.C.
- Veridian Credit Union, Waterloo, Iowa
- Water Environment Federation, Alexandria, Va.
- Western National Mutual Insurance Company, Edina, Minn.
###
For Immediate Release
August 24, 2011 |
