# VERIDIAN CREDIT UNION

> **Canonical URL:** https://saferate.com/lenders/veridian-credit-union


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


VERIDIAN CREDIT UNION is a credit union, headquartered in Waterloo, IA, serving borrowers across 7 states, with 2,707 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 14% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 14% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300KER3YVZ3U5RK57
- **Headquarters:** Waterloo, IA
- **Geographic Reach:** Multi-Region
- **States Served:** 7
- **State List:** IA, IL, MN, MO, NE, SD, WI
- **Markets (MSAs):** 8
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 99.2%
- **Brokered/Wholesale:** 0.8%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 86/100
- Rating: ●●●●● (5/5)

### Pull Through: Exceptional 🤩
- Score: 86/100
- Rating: ●●●●● (5/5)

### Pricing Details
- **Average Rate Spread:** -0.222%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $334
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 2,707
- **Dollar Volume:** $662 million
- **Applications Received:** 3,381
- **Market Share:** 8.00%

## Typical Borrower Profile

- **Average Loan Amount:** $244,472
- **Average Borrower Income:** $116,116
- **Average Property Value:** $323,319

## Safe Rate Awards 🏆

- 💎 **Conventional Diamond Champion** (90%)
- 💎 **VA Diamond Champion** (84%)
- 💎 **Purchase Diamond Champion** (90%)
- 💎 **Refinance Diamond Champion** (84%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 87/100 | 2,584 | -0.201% | $336 | Exceptional 🤩 |
| VA | 76/100 | 94 | -0.795% | $276 | Strong 😀 |
| Jumbo | 73/100 | 29 | -0.449% | $332 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 2,121 loans, Score: 87/100 (Exceptional)
- Refinance: 463 loans, Score: 83/100 (Exceptional)

**VA:**
- Purchase: 90 loans, Score: 76/100 (Strong)

**Jumbo:**
- Refinance: 22 loans, Score: 79/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 85/100 | 2,218 | $527M | -0.203% | Exceptional 🤩 |
| Refinance | 82/100 | 489 | $135M | -0.356% | Exceptional 🤩 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IA | 2,150 | 6.08% | 94/100 |
| NE | 485 | 2.27% | 86/100 |
| MN | 38 | 0.06% | 50/100 |
| MO | 15 | 0.02% | 40/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Waterloo | IA | 771 | 100/100 |
| Des Moines | IA | 703 | 94/100 |
| Omaha, NE | NE-IA | 506 | 92/100 |
| Non |  | 377 | 67/100 |
| Cedar Rapids, IA | IA | 204 | 80/100 |
| Iowa City, IA | IA | 55 | 63/100 |
| Ames, IA | IA | 31 | 61/100 |
| Minneapolis | MN-WI | 24 | 47/100 |

## Where This Lender Ranks

VERIDIAN CREDIT UNION appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Iowa for Jumbo Loans
  - [View Full Rankings](https://saferate.com/iowa/best-mortgage-lenders/jumbo-loans)
- 🥇 **#1** in Waterloo
  - [View Full Rankings](https://saferate.com/waterloo/best-mortgage-lenders)
- 🥇 **#1** in Waterloo Credit Unions
  - [View Full Rankings](https://saferate.com/waterloo/best-mortgage-lenders/credit-unions)
- 🥇 **#1** in Waterloo for Conventional Loans
  - [View Full Rankings](https://saferate.com/waterloo/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in Waterloo for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/waterloo/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥇 **#1** in Des Moines for Jumbo Loans
  - [View Full Rankings](https://saferate.com/des-moines/best-mortgage-lenders/jumbo-loans)
- 🥇 **#1** in Des Moines for Jumbo Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/des-moines/best-mortgage-lenders/credit-unions/jumbo-loans)
- 🥇 **#1** in Omaha, NE
  - [View Full Rankings](https://saferate.com/omaha-ne/best-mortgage-lenders)
- 🥇 **#1** in Omaha, NE Credit Unions
  - [View Full Rankings](https://saferate.com/omaha-ne/best-mortgage-lenders/credit-unions)
- 🥇 **#1** in Omaha, NE for Conventional Loans
  - [View Full Rankings](https://saferate.com/omaha-ne/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in Omaha, NE for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/omaha-ne/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥇 **#1** in Omaha, NE for VA Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/omaha-ne/best-mortgage-lenders/credit-unions/va-loans)
- 🥇 **#1** in Omaha, NE for Jumbo Loans
  - [View Full Rankings](https://saferate.com/omaha-ne/best-mortgage-lenders/jumbo-loans)
- 🥇 **#1** in Nebraska Credit Unions
  - [View Full Rankings](https://saferate.com/nebraska/best-mortgage-lenders/credit-unions)
- 🥇 **#1** in Nebraska for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/nebraska/best-mortgage-lenders/credit-unions/conventional-loans)
- 🥇 **#1** in Nebraska for VA Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/nebraska/best-mortgage-lenders/credit-unions/va-loans)
- 🥇 **#1** in Nebraska for Jumbo Loans
  - [View Full Rankings](https://saferate.com/nebraska/best-mortgage-lenders/jumbo-loans)
- 🥈 **#2** in Iowa
  - [View Full Rankings](https://saferate.com/iowa/best-mortgage-lenders)
- 🥈 **#2** in Iowa Credit Unions
  - [View Full Rankings](https://saferate.com/iowa/best-mortgage-lenders/credit-unions)
- 🥈 **#2** in Iowa for Conventional Loans
  - [View Full Rankings](https://saferate.com/iowa/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does VERIDIAN CREDIT UNION offer?

VERIDIAN CREDIT UNION offers the following mortgage loan types: Conventional, VA, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does VERIDIAN CREDIT UNION offer mortgages?

VERIDIAN CREDIT UNION offers mortgages in 7 states: IA, IL, MN, MO, NE, SD, WI.

### How competitive are VERIDIAN CREDIT UNION's mortgage rates?

VERIDIAN CREDIT UNION has a pricing score of 86/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.222% below market average.

### What type of lender is VERIDIAN CREDIT UNION?

VERIDIAN CREDIT UNION is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Waterloo, IA.

### What is VERIDIAN CREDIT UNION's loan approval success rate?

VERIDIAN CREDIT UNION has a pull-through score of 86/100 (Exceptional). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/veridian-credit-union

### How to Cite

> "VERIDIAN CREDIT UNION Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/veridian-credit-union

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