The credit union difference

We're people helping people.

Each year, credit unions around the world celebrate International Credit Union Day on the third Thursday of October to recognize credit unions' structural differences and how they benefit consumers. Credit unions are not-for-profit cooperatives owned by the people who use our products and services - our members! And we're governed by a Board of Directors who is democratically elected by our members to lead the credit union in their best interest. This allows credit unions to return earnings to members in the form of better rates and lower fees. That's the meaning behind the credit unions philosophy of "people helping people."

Credit Unions	Banks
Not-for-profit cooperative	For-profit corperation
Owned by the people who use its products and services (members)	Owned by a small group of shareholders
Earnings returned to members through better rates and lower fees	Profits paid to shareholders
Governed by a democratically elected Board of Directors	Lead by shareholders who collect the bank's profits

If you're not a member, apply to become a Veridian member today.
If you're a current member and an Iowa resident, sign up to become an advocate.

Veridian is state-chartered in the state of Iowa, and bank lobbyists routinely reach out to lawmakers to promote legislation that would weaken or eliminate their competition from credit unions. For Iowa residents, that means your representative needs to hear from constituents like you, Iowa’s credit union member-owners.  Don't let a bank lobbyist speak on your behalf to your representative. Sign up to be a credit union advocate with the Iowa Credit Union League below. As an advocate, you’ll be notified when there’s an increased need for your legislator to hear from you. 

Sign up to be an advocate