Veridian Credit Union (64418), a $8.4B credit union headquartered in Waterloo, IA, led by CEO Christoffer, reported 363,770 members at the end of 2025 Q3, an increase of 8,850 members (+2.5%) compared to the same quarter last year.
Stable membership suggests mature market positioning with focus on deepening existing relationships rather than aggressive acquisition.
Per-Member Economics
Veridian Credit Union's 363,770 members maintain an average of $19K in deposits and $20K in loans. Per-member balances growing faster than membership indicates deepening wallet share—a positive sign for member engagement.
Membership Trends
Consistent quarterly member additions demonstrate sustainable acquisition momentum.
Quarterly Membership Trend
| Period | Members | QoQ Change | Assets/Member |
|---|---|---|---|
| 2024 Q2 | 341,172 | $22K | |
| 2024 Q3 | 354,920 | +4.0% | $22K |
| 2024 Q4 | 349,551 | -1.5% | $23K |
| 2025 Q1 | 354,418 | +1.4% | $23K |
| 2025 Q2 | 359,316 | +1.4% | $23K |
| 2025 Q3 | 363,770 | +1.2% | $23K |
Source: NCUA 5300 Call Reports
Field of Membership Penetration
Veridian Credit Union has a defined field of membership comprising 7,806,215 potential members. With 363,770 current members, the credit union achieves a 4.7% penetration rate, representing significant untapped growth potential.
Historical Context: Since the 2008 Crisis
Veridian Credit Union's membership has grown 245% since Q3 2008, when the financial crisis peaked. At that time, the credit union served 105,472 members.
This sustained membership expansion reflects successful community engagement and competitive positioning over nearly two decades.
Peer Comparison
Among 97 credit unions in its $4.2B–$12.6B asset peer group, Veridian Credit Union ranks in the 38th percentile for membership growth.
Outlook
With positive membership momentum, Veridian Credit Union is positioned to leverage its growing base for cross-selling opportunities and deposit gathering. Key factors to watch include member retention rates, new member activation, and competitive dynamics in IA.
Veridian Credit Union's Q4 2025 results, expected in early 2026, will provide further insight into whether membership growth can accelerate.
Track This Credit Union
Monitor Veridian Credit Union's quarterly membership trends, per-member economics, and engagement metrics with Finleet Terminal.
Data Sources: NCUA 5300 Call Reports (2025_Q3), NCUA Historical Data (2007-present), Finleet Proprietary Analysis
Methodology: Year-over-year growth calculated comparing 2025_Q3 to same quarter prior year. Peer groups defined as credit unions within 50% asset range. Per-member metrics calculated by dividing totals by member count.