Applications / Mortgage Analytics / Lenders / Iowa / Veridian Credit Union
Waterloo, IA · Credit union · NCUA · $8.6 billion assets · 8,154 loans in 2025
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8,154
loans originated, 2025
11,479
applications, 2025
7
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Veridian Credit Union is a small-loan lender: home improvement made up 25.8% of its loans and its typical loan was $95,000, smaller than at nearly nine in ten similar lenders (credit unions making between half and twice as many loans).
Purchases were only 38.4% of its loans, with home improvement at 25.8% and refinancing at 21.8%. That mix may explain why its $1.29 billion lent was below the typical peer's $1.56 billion though it made more loans.
It ranks 1 of 168 in Waterloo-Cedar Falls with 28.7%, though that share fell 2.5 points. In Iowa City its share rose from 2.6% to 6.0%, and in Des Moines, where it ranks 2 of 396, to 7.0%. The Waterloo dip could reflect competition from GreenState Credit Union, second there.
Low- and moderate-income (LMI) borrowers took 31.8% of its loans, higher than about eight in ten similar lenders. Majority-minority areas took 3.9% against 9.4% for the typical peer, among the lowest tenth; its Iowa markets may hold fewer such areas.
It turned down 2.1% of first-lien home-purchase applications, among the lowest tenth of similar lenders, and 11.2% of refinance applications against 20.3% for the typical peer. Higher-priced loans (a rate well above the average for similar loans) were 0.2% against 0.8%.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Veridian Credit Union took 11,479 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 38.4% · Home improvement 25.8% · Refinance 21.8% · Other 13.9%
Conventional 98.7% · VA 1.3% · of 8,154 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Iowa | 6,247 | 76.6% |
| Nebraska | 1,444 | 17.7% |
| Minnesota | 402 | 4.9% |
| Missouri | 21 | 0.3% |
| Illinois | 18 | 0.2% |
| Wisconsin | 18 | 0.2% |
| South Dakota | 4 | 0.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Des Moines-West Des Moines | 2,347 |
| Waterloo-Cedar Falls | 1,845 |
| Omaha | 1,555 |
| Cedar Rapids | 573 |
| Minneapolis-St. Paul-Bloomington | 345 |
| Iowa City | 142 |
| Ames | 115 |
| Lincoln | 37 |
| Davenport-Moline-Rock Island | 20 |
| Dubuque | 9 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300KER3YVZ3U5RK57 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 416197 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 564418 | 1990–2017 |
Established 1 January 1934. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Veridian Credit Union's data.
Veridian Credit Union's data
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Veridian Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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