What is Veridian's history? - Veridian

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What is Veridian's history?

In 1934 John Deere Employees Credit Union was founded in Waterloo, Iowa by a handful of John Deere employees who wanted to offer their fellow coworkers an alternative to commercial banks and other for-profit financial institutions.

Our field of membership was extended to those living or working in the neighboring town of Cedar Falls in 1986. This prompted a small change in our name and we became John Deere Community Credit Union (JDCCU®).

JDCCU has always operated independently of Deere & Company and in 2004, Deere asked us to discontinue the use of "John Deere" in our name to avoid trademark confusion. This brought about our name change in 2006 to Veridian Credit Union. Our new name comes from the words "verdant," meaning green and growing, and "veritas," or truth.

Today's Veridian Credit Union is a modern, full-service financial institution offering a broad range of products and services to fit a variety of member preferences and lifestyles.

As a credit union we are organized differently than other financials. We're not-for-profit and owned by our members, not by stockholders. As a not-for-profit organization, Veridian's main objective is to benefit our members and their families. This is accomplished many ways including providing a variety of no or low cost services, low loan rates, and higher savings rates.

Your money is secure at Veridian Credit Union. Every penny you have at Veridian is insured, to at least $250,000, through the NCUA (National Credit Union Administration), a U.S. government agency.

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