Community Development
We're working to expand economic opportunities for low-income communities.
Veridian is recognized as a Low-Income Designated (LID) credit union by the National Credit Union Administration, meaning the majority of our members earn 80% or less than the median income for their area. Our work includes efforts to expand economic opportunities for low-income communities with the development of customized products and services designed to put a successful financial future more within reach for all.
For example, our Payday Alternative Loans (PAL) is a short-term personal loan designed to break the predatory cycle of payday lending and encourage healthier savings habits. Veridian members with an Individual Development Account (IDA) can meet financial literacy course requirements among other qualifications to receive a savings match toward the purchase of a home, and our Financial Inclusion Mortgage is designed to better serve members who experience barriers to qualifying for a traditional mortgage.
Inclusion
Intentional, proactive inclusion makes us a better, stronger credit union, and we're committed to mirroring the communities we serve. Creating successful financial futures means providing the needed support and resources, including financial education and more.