Community Development
We're working to expand economic opportunities for low-income communities.
Veridian is certified by the U.S. Treasury as a Community Development Financial Institution (CDFI). CDFIs are financial institutions that expand economic opportunities for low-income communities with a mission to promote community development, provide both financial and educational services, and demonstrate accountability to underserved markets. We're proud to have been among the first credit unions in Iowa to become CDFI-certified in 2016. Today, Veridian ranks fifth among all U.S. banks and credit unions for returning value to our members by Callahan & Associates.
As a CDFI, we know that homeownership is one of the most significant tools allowing many to maintain financial stability and achieve long-term financial success. That's why we're focused on using CDFI resources to help our low-income and underserved members overcome barriers to homeownership. CDFI certification allows us to apply for federal CDFI grants. For every $1 million we receive in CDFI grant funding, we're able to lend $20 million in Financial Inclusion Mortgages to our members who experience barriers to homeownership.
Diversity, Equity and Inclusion
We value diversity, equity and inclusion as strengths that benefit everyone, and we're committed to mirroring the communities we serve. Being a partner in creating members' successful financial futures means providing the needed support and resources, including financial education, assistive tools, and more.