# VERIDIAN
Waterloo, IA · NCUA charter 64418 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/veridian-64418

Who the members are: state charter, organized 1934, low-income designated. 374,001 members of 7,843,432 potential (4.8% of the field); checking penetration 65% (share draft accounts per 100 members); loans per 100 members 97.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $8.90B |
| Members | 374,001 (5.5% YoY) |
| Full-time staff | 1067 |
| Net worth | $1.02B |
| Net worth ratio | 11.5% (p64 of band) |
| ROA (annualized) | 1.56% (p94 of band) |
| Total delinquency | 0.61% (p48 of band) |
| Net charge-offs (annualized) | 0.37% (p32 of band) |
| Loans / shares | 102% (p94 of band) |
| Cash / assets | 6.1% |
| Borrowings / assets | 3.07% |
| Net interest margin | 2.98% (p27 of band) |
| Operating expense / assets | 2.20% (p9 of band) |
| Vehicles % of loans | 45% (p85 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 89% |
| Third-party paper % of net worth | 308% (p86 of band) |
| Vehicle delinquency | 0.79% (p67 of band) |
| Vehicle NCO | 0.68% (p29 of band) |
| Repossessed % of vehicle book | 0.00% (p11 of band) |
| Real estate % of loans | 39% |
| Credit cards % of loans | 2% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 78% |
| Core shares % of member funds | 37% |
| Certificates % of member funds | 44% |
| Average share balance | $8,910 |
| Participations bought / yr | $0 |
| Participations sold / yr | $277.7M |
| Participations outstanding | $28.9M |
| Loans outstanding per 100 members | 97% |
| Loans granted per 100 members, annualized | 24% |
| Average loan balance | $21,185 |
| Loans granted, annualized | $3.43B |

## Participation posture (from the same filings)

Bought $0 and sold $277.7M in the latest annualized quarter; $28.9M outstanding purchased (2.8% of net worth), $89.7M sold and retained. Sold in 8 and bought in 5 of the last 8 quarters. Shares 10.7% year over year.

## Flags firing in the latest filing

- **loans>95% of shares** (`str_ltos`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 2 | net worth falling |  |
| 2017-06 | 2 | loans>95% of shares | net worth falling |
| 2017-09 | 2 |  |  |
| 2017-12 | 3 | net worth falling |  |
| 2018-03 | 3 |  |  |
| 2018-06 | 3 |  |  |
| 2018-09 | 3 | leaning on borrowings | net worth falling |
| 2018-12 | 3 |  |  |
| 2019-03 | 2 |  | leaning on borrowings |
| 2019-06 | 2 |  |  |
| 2019-09 | 3 | leaning on borrowings |  |
| 2019-12 | 2 |  | leaning on borrowings |
| 2020-03 | 3 | delinquency rising |  |
| 2020-06 | 3 | net worth falling | delinquency rising |
| 2020-09 | 2 |  | net worth falling |
| 2020-12 | 2 |  |  |
| 2021-03 | 2 | net worth falling | loans>95% of shares |
| 2021-06 | 1 |  | net worth falling |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | loans>95% of shares |  |
| 2022-06 | 3 | leaning on borrowings |  |
| 2022-09 | 4 | net worth falling |  |
| 2022-12 | 4 | delinquency rising | net worth falling |
| 2023-03 | 4 |  |  |
| 2023-06 | 4 |  |  |
| 2023-09 | 4 |  |  |
| 2023-12 | 4 | net worth falling | delinquency rising |
| 2024-03 | 2 |  | leaning on borrowings, net worth falling |
| 2024-06 | 2 |  |  |
| 2024-09 | 3 | leaning on borrowings |  |
| 2024-12 | 3 |  |  |
| 2025-03 | 3 |  |  |
| 2025-06 | 3 |  |  |
| 2025-09 | 3 |  |  |
| 2025-12 | 2 |  | leaning on borrowings |
| 2026-03 | 2 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-06-02 [New Veridian Credit Union branch restores in-person banking in north Waterloo - CUInsight](https://news.google.com/rss/articles/CBMiugFBVV95cUxNUFRkS0NwVG1mbmk5cnM3cUo1X1drUjU0dE85VGQ2dkxyaXpQVDVaS0JfZWtEbWh4eWE0SjY1V1BFVkhELTByWGNKZ0pqTV83bnNodFQwbGNJQUdLTHhFZERMVjNNVjlINVZfX3hKcm55cDJwa0wtbDhaRjNQQTVEMDdlMTZUWFR3MUJnMjd0Zmc0enljc3E2dkpzVU03Y3ZiRlVUNVBEVnJtendpbHh4ZlBKSzlWRGNtS0E?oc=5) · CUInsight
- 2025-12-02 [Veridian Credit Union announces $50k in Giving Tuesday donations - CUInsight](https://news.google.com/rss/articles/CBMipwFBVV95cUxPeFRpMHV5TlJhcThmMGpCb3l5WklKbFg2Y1lPTDlxZUQ3aXVyd080VEdYWGwtSTIwWEhwZEgycElCQk5hQ1J6aUtrMFVQRjVmanBGM3hlZ2lOQ0pzZE5wTnlpLUJ1TDVqZ0VTTndVckFFcnVFdnM2Ty1yYTFmVnhIS3U5VzZMYzB4T0o3WnJfQ1p5U21yQlhHQ3FVOGZOUjZTWThsMDBjRQ?oc=5) · CUInsight
- 2025-10-15 [Registration now open for 'Mike and Leona Adams Thanksgiving Dinner' - KGAN](https://news.google.com/rss/articles/CBMinwFBVV95cUxOU1BHRlBzZ1VMejlPOWphVVVaSzRTWndZbHVIdmlwQnBycUJFaXZTVmhDZllzb2t4TVAtOHFSQVRFczc2R0x0N0lZbjctNGUwbXZnMFg3Y2VaOHExZ05MTmwwTTFpQ3E4cmUxdUFqRlRtODBWYlVFLUY3RVROS0JVRm1mc0g3a0RqVUZVcjY2em9yWi1odVExZ1Z1WmZMN0k?oc=5) · KGAN
- 2026-01-13 [Veridian Credit Union awards $100K in grants to support financial literacy and employment readiness - CUInsight](https://news.google.com/rss/articles/CBMi1gFBVV95cUxNMkpJd2RETC15Ri1kWlpVVHltWjEybWRmVmVTTnZaakZNOWdqTFJVUXdoU2stZ2hGT0Q4Yk04UlNoX0ZrR0JuOWxhOWhVM0FFN0F4bElSUkpiNTRPMjYyend0a3JiTVJSaUVTdUZGN0prOTg1YzF6aDc2ZHNXYXpLVm1yOElWMUtXc0lpRGNhdWxVb215bVhDVlRVck5neTBXM3I5eTlIcXoxYTVpMFdGMk9ONWhsSW9sclFOTjRGWHE5VmQ2Nk8tUFZYZUtRUjAtYkdXVmhR?oc=5) · CUInsight
- 2024-10-15 [Veridian to open new North Waterloo branch to replace location lost in Hy-Vee closure - kcrg.com](https://news.google.com/rss/articles/CBMirgFBVV95cUxONUZoWGx5ZUhfTUdwNENfMmxzYWRBaDhIU3dFSHhuZVVXZUNiYUI2ajROUC1yWlUwMXA5cU53S2pVTUluX01zVDRlZDB6cldCNDV6ajc3RF91el81VXJFNWxFeXVhanZ4MloxOExUTTJEWlFqR1N4anBxcHoxY1J3RDl6czY0REN4TVlQTTdYeER5ZjhrcHdRSzVrOWVVaG1WV3dvUTdyYnRySk44a1E?oc=5) · kcrg.com
- 2019-12-24 [Recognizing excellence: Professionals on the move | Credit Union Journal - American Banker](https://news.google.com/rss/articles/CBMingFBVV95cUxObW9ranl6MldrRzE3Y2NPOFJZWXFhSkpXZ1lzS2M4QzlrWjhQSko2UHBpNHRtWmplWVZwdWUyaXBxZnc3Yy1HcFZWNTB6aWhkZ3diS3h4U0pqYzF2aVFXYjJ1dElJTmU0RDRrRGMwVHI3YzZNYy03NW5fWHZZMjN3RjlpcjlfeU1RZzFUd3VlazZRMmZQYXc2WW1HZ3V5dw?oc=5) · American Banker
- 2026-05-12 [Safely dispose of unwanted documents at upcoming community shred events - thegazette.com](https://news.google.com/rss/articles/CBMi8AFBVV95cUxNZS1vQWhyUDdqWGNTQXJFeW5wQmYyQzZTSHl5cVk4ZmtQX0NUUnVfc2Ruc0xNN1NxRHk1WFdDUXBCbE9HSHlZNFlzNFFBWEtFY1BQcFJ0Vm5DRjJfcVRYdnQzVmRHWFVFNS1HZFdWUkRGeEhNS3ZjZ0tlTERXcy13TWp6eG1MTGRNZEhnaXhkMzNPRnJTOUVkSlgyUmg3MW83T2ZZdjZmUDEySVZzVEp4S244RVg1SWdacUJTeVhzdWRmZ1NIMzZqV2lPUXU0UW9udmZMeW1PLUxzTzJscExGZ21QX2FnU1NKLWNxN0VPOV8?oc=5) · thegazette.com
- 2026-05-27 [Iowa students win $48K in Warren A. Morrow scholarships - kimt.com](https://news.google.com/rss/articles/CBMiyAFBVV95cUxQenpZLTN6ZWlKN3lyRzg3azRyclFPc2E1aTBmNkRUaGlsLVE4VmFkRXlpNGY4OEo2VU5wRVhGNkZ1OFdzNkVRd2tKUmJoRkVwUlM4VFNjN2M4N1IyNDdiVXlQbFpjZ0ZpNmw3cDNiZnk4ZVhUakdleDZSQmtRT190S1lPVW5QUEt2c1lPOWh2MF9lWjM4cVZ6Yi11bnpPWEVuMUFsSjh6ZzdXY3pfaXhYYWlQemcxT2g3cDVvUlVxNG5VX2kzOTJabg?oc=5) · kimt.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=64418 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/34.json (key "64418", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=64418
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide