VERIDIAN CREDIT UNION
WATERLOO, IA 50701 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $459,755,519 | $366,394,437 | $857,787,771 |
| FY2023 | $393,776,056 | $320,519,571 | $748,274,956 |
| FY2022 | $308,336,218 | $208,710,140 | $698,685,810 |
| FY2021 | $284,905,474 | $165,949,826 | $631,888,360 |
| FY2020 | $250,686,437 | $183,953,952 | $516,427,427 |
| FY2019 | $232,895,621 | $179,934,722 | $449,979,590 |
| FY2018 | $201,526,798 | $150,898,268 | $396,690,821 |
| FY2017 | $161,883,877 | $124,385,568 | $344,545,117 |
| FY2016 | $135,221,556 | $116,437,755 | $308,407,317 |
| FY2015 | $127,680,747 | $100,279,754 | $288,329,379 |
| FY2014 | $120,038,158 | $95,396,759 | $269,786,224 |
| FY2013 | $112,096,375 | $89,882,155 | $244,438,032 |
| FY2012 | $110,314,442 | $86,359,045 | $228,793,588 |
| FY2011 | $110,720,899 | $85,635,622 | $204,122,738 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $386,960,773 | 100% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2024.
- Net assets covered about 28.1 months of expenses at the end of the reporting year. That puts it in the 54th percentile among 79 Public & Societal Benefit organizations in IA.
- Total revenue was higher than 101.3% of 79 Public & Societal Benefit organizations in IA.
- Total revenue rose from $110,720,899 in FY2011 to $459,755,519 in FY2024, Revenue increased in 12 and decreased in 1 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2011 to FY2024.
- Net assets grew from $204,122,738 to $857,787,771 between FY2011 and FY2024.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO PROVIDE A VARIETY OF LOW OR NO COST SERVICES, LOW LOAN RATES, AND HIGHER SAVINGS RATES TO OUR MEMBERS, AND TO FULFILL OUR PHILOSOPHY OF "PEOPLE HELPING PEOPLE" BY PARTNERING WITH OUR MEMBERS TO CREATE SUCCESSFUL FINANCIAL FUTURES.
IRS status
| Ruling year | 2007 |
| Subsection | 501(c)(14) |
| Program area (NTEE) | W61 — Public & Societal Benefit |
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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