Veridian Credit Union
Veridian Credit Union is a member-owned, not-for-profit financial cooperative based in Waterloo, Iowa. It was formed in 1934, and its mission is to partner with members to create successful financial futures. Its 2024 filing identifies its filing type as Form 990 (a public charity).
Veridian Credit Union at a glance
In short: Veridian Credit Union gave $752K across 39 grants in 2024 (avg $19K), mostly in Iowa. 41% of 2024 grantees were new. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $752,271
- +37.5% vs 2023
- Grants made (2024)
- 39
- +69.6% vs 2023
- Average grant
- $19,289
- -18.9% vs 2023
- Median grant
- $10,000
- Total assets
- $7,964,809,440
- +6.9% vs 2023
- New grantees (estimate)
- 41% first-time grantees (15 of 37, 2024)
- Primary geography
- Iowa (86% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Veridian Credit Union
- Accepts unsolicited proposals
- Yes
- How to Apply
-
Veridian accepts unsolicited requests for capital campaigns, donations and sponsorships through its funding request form. For Successful Financial Future Grants, apply through the program’s application process in the cycle window; eligible organizations must serve Veridian’s field of membership and address the stated financial-stability criteria.
- Review Cycle
- Successful Financial Future Grants generally list an October 15 deadline; the announced 2026 cycle lists October 30.
- Deadline
- Successful Financial Future Grants generally list an October 15 deadline; the announced 2026 cycle lists October 30.
- Contact
Mailing address: 1827 Ansborough Avenue, Waterloo, IA 50701-3629
Phone: (319) 236-5600
Website: https://veridiancu.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
2 open opportunities from Veridian Credit Union
Who Veridian Credit Union funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Iowa Credit Union League ($100K). Together the top 10 received $505K.
Grant Size Distribution
128 grants across all recorded years
The most common grant size was under $50K: 115 grants of 128 (90%).
Geographic Focus
Where this funder awards grants
Veridian’s membership is open to people living or working in Iowa, six eastern Nebraska counties and eight counties around the Minneapolis–St. Paul metro in Minnesota. Its 2026 Successful Financial Future Grants announcement specifies Nebraska counties Cass, Douglas, Lancaster, Sarpy, Saunders and Washington, and Minnesota counties Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, Washington and Wright.
In 2024, 86% of grant dollars went to Iowa recipients, 11% to Nebraska recipients and 3% to Minnesota recipients.
Grant Distribution by State
Share of 2024 grant dollars across all 39 itemized grants.
Cities
Is Veridian Credit Union open to new grantees?
41%
first-time grantees, 2024
In 2024, 15 of 37 grantees (41%) were first-time recipients. First grants averaged $13K; repeat grants $25K. How we count
Medians: $10K first-time, $10K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2019–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $380K (2019) to $752K (2024). In 2024 it made 39 grants totaling $752K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Iowa Credit Union League Des Moines, IA | Member Engagement | $100,421 |
| Operation Threshold Waterloo, IA | Ida Funding | $100,000 |
| Community Foundation of Northeast Iowa Cedar Falls, IA | Grants and One Cedar Valley Fund | $90,000 |
| Grow Cedar Valley Waterloo, IA | Economic Development | $37,500 |
| United Way of Central Iowa Des Moines, IA | General Support | $37,000 |
| Cedar Valley United Way Waterloo, IA | General Support | $32,000 |
| Heartland Hope Mission Omaha, NE | Capital Campaign | $25,000 |
| Greater Des Moines Botanical Garden Des Moines, IA | Capital Campaign | $25,000 |
| House of Hope Waterloo, IA | Capital Campaign | $20,000 |
| Anawim Housing Des Moines, IA | Veridian Gives Back Donation | $15,000 |
Ready to take the next step with Veridian Credit Union?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $7,964,809,440 | $459,755,519 | $366,394,437 | $752,271 | 39 | $24,287,603 |
| 2023 | $7,452,103,478 | $393,776,056 | $320,519,571 | $547,053 | 23 | $17,902,892 |
| 2022 | $6,898,328,206 | $308,336,218 | $208,710,140 | $627,807 | 20 | $-968,683 |
| 2021 | $5,861,265,762 | $284,905,474 | $165,949,826 | $410,309 | 21 | $11,737,145 |
| 2020 | $5,127,625,899 | $250,686,437 | $183,953,952 | $391,200 | 25 | $1,584,470 |
| 2019 | $4,348,513,312 | $232,895,621 | $179,934,722 | $380,300 | 27 | $2,356,388 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
Veridian’s stated mission is “to partner with members to create successful financial futures.” Its Successful Financial Future Grants support nonprofits addressing barriers to financial stability through financial literacy or employment readiness. Veridian also identifies affordable housing, basic human needs and inclusion among its funding priorities for a Giving Tuesday donation campaign.
The organizations receiving 2024 grants illustrate a range of supported work. Operation Threshold says its mission is to help meet people’s basic needs and create opportunities for self-sufficiency. Grow Cedar Valley says it works to increase economic vitality and wealth in the Waterloo/Cedar Falls area and surrounding region. Heartland Hope Mission says it provides food and clothing and promotes self-sufficiency for people in need. These are the grantees’ descriptions of their own missions.
Grantmaking
Veridian reported 39 grants totaling $752,271 in 2024. Individual grants ranged from $5,150 to $100,421, with a median of $10,000. The largest awards included $100,421 to Iowa Credit Union League for member engagement; $100,000 to Operation Threshold for IDA funding; and $90,000 to the Community Foundation of Northeast Iowa for grants and the One Cedar Valley Fund. Other notable awards included $37,500 to Grow Cedar Valley for economic development, $37,000 to United Way of Central Iowa for general support and $32,000 to Cedar Valley United Way for general support.
Veridian partners with the Community Foundation of Northeast Iowa to administer its Successful Financial Future Grants, funded through the Veridian Credit Union Fund. These are general operating grants of up to $5,000 for eligible nonprofits whose work is centered on financial literacy and/or self-sufficiency. Veridian’s grant information gives a regular cycle of applications opening September 1, due October 15, with awards in December. A separate announcement for the 2026 cycle describes $100,000 in general operating grants of $5,000 each for 20 organizations, with applications due October 30 and awards in December; eligible work includes financial education, employment readiness and/or affordable or emergency housing.
Veridian also invites requests for capital campaigns, donations and sponsorships through an online funding request process. Its Giving Tuesday campaign describes $50,000 in donations distributed among five organizations, one in each of five market areas. Veridian’s scholarship offerings are for individual students and are distinct from grants to outside organizations.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Stephanie Atkin as chairperson and Traci McBee as chairperson elect. William Boevers is listed as secretary. Other listed directors are Emsad Begic, Cynthia Buettner, James Kacher, Bob Kressig, Larry Loss and Will Montgomery. Pamela Ayres is listed as a former board director.
Veridian Credit Union is led by Renee Christoffer, President & CEO since 2020 (on filings since 2019); 23 of 26 officers listed in 2024 are compensated.
Officers on the 2024 filing
Renee Christoffer
President & CEO
Chief Administration Officer → President & CEO, 2020
On filings since 2019
50 hrs/week
$421K (2019) → $1.2M (2024)
Stephanie Atkin
Chairperson
Board of Director → Chairperson, 2024
On filings since 2019
6 hrs/week
$2K (2022) → $782 (2024)
Cynthia Buettner
Board of Director
On filings since 2019
6 hrs/week
$264 (2022) → $135 (2024)
James Kacher
Board of Director
On filings since 2019
6 hrs/week
$970 (2020) → $0 (2024)
Aubrey Ward
Board of Director
On filings since 2020
6 hrs/week
$392 (2020) → $5K (2024)
Cindy Sprole
Board of Director
On filings since 2021
6 hrs/week
$707 (2022) → $798 (2024)
Larry Loss
Board of Director
Board of Director → Former Board of Director, 2022
Former Board of Director → Board of Director, 2023
On filings since 2021
6 hrs/week
$1K (2022) → $2K (2024)
Emsad Begic
Board of Director
On filings since 2022
6 hrs/week
$1K (2022) → $485 (2024)
Justine Teut
Board of Director
On filings since 2023
6 hrs/week
$12K (2023) → $24K (2024)
Will Montgomery
Board of Director
New on the 2024 filing
6 hrs/week
$2K (2024)
Bob Kressig
Board of Director
On filings since 2019
6 hrs/week
No compensation reported
Brett Engstrom
Chief Information Officer
Senior Vice President of Information Technology → Chief Information Officer, 2020
On filings since 2019
50 hrs/week
$216K (2019) → $406K (2024)
Douglas Gilbertson
Former Chief Operations Officer
Chief Operations Officer → Former Chief Operations Officer, 2023
On filings since 2019
$478K (2019) → $564K (2024)
Gregory Slessor
Senior Vice President of Legal
On filings since 2019
50 hrs/week
$216K (2019) → $368K (2024)
Kara Vanwert
Chief Lending Officer
Senior Vice President of Lending → Chief Lending Officer, 2023
On filings since 2019
50 hrs/week
$200K (2019) → $374K (2024)
Keith Mesch
Chief Financial Officer
On filings since 2019
50 hrs/week
$349K (2019) → $535K (2024)
Mark Koppedryer
Chief Experience Officer
Senior Vice President of Retail → Chief Experience Officer, 2023
On filings since 2019
50 hrs/week
$233K (2019) → $384K (2024)
Pamela Ayres
Former Board of Director
Board of Director → Former Board of Director, 2024
On filings since 2019
6 hrs/week
$1K (2020) → $98 (2024)
Shawna Matz
Chief People Officer
Vice President of Talent Development → Chief People Officer, 2021
On filings since 2019
50 hrs/week
$217K (2019) → $374K (2024)
Traci McBee
Chairperson Elect
Board of Director → Chairperson Elect, 2024
On filings since 2019
6 hrs/week
$3K (2019) → $2K (2024)
William Boevers
Secretary
Board of Director → Secretary, 2024
On filings since 2019
6 hrs/week
$3K (2019) → $2K (2024)
Christi Hulme
Vice President of Member Contact Center
On filings since 2022
50 hrs/week
$225K (2022) → $250K (2024)
Emily L. Kuntz
Vice President - Controller
On filings since 2022
50 hrs/week
$227K (2022) → $266K (2024)
Molly Schmidt
Vice President of Information Technology
On filings since 2023
50 hrs/week
$204K (2023) → $224K (2024)
Steven Lindaman
Vice President of Commercial & Mortgage
On filings since 2023
50 hrs/week
$221K (2023) → $247K (2024)
Nick Waters
Treasurer
Board of Director → Treasurer, 2024
On filings since 2019
6 hrs/week
No compensation reported
Former officers (22)
- Former: Creston Van Wey (2019–2023) — Former Board of Director
- Former: Ginger Shirley (2019–2023) — Former Board of Director
- Former: Justine Peebles (2019–2023) — Board of Director
- Former: Christopher McGovern (2020–2023) — Manager of Mortgage Lending
- Former: Sarah Elaine Corkery (2022–2023) — Vice President of Marketing
- Former: Elizabeth Meehan (2023) — Vice President of Talent Development
- Former: Kelly Mangrich (2023) — Vice President of Payment Systems
- Former: Michael Steffen (2023) — Vice President of Digital
- Former: Randy Hesiak (2023) — Vice President of Indirect Lending
- Former: Sean Miglini (2023) — Senior Commercial Relationship Manager
- Former: Gabriel Wilcox (2019–2022) — Mortgage Loan Originator
- Former: Gaylen Witzel (2019–2022) — Former Board of Director
- Former: Lori Honermann (2019–2022) — Mortgage Loan Originator
- Former: Lynette Gilbertson (2019–2022) — Senior Vice President of Commercial Services
- Former: Paul Gengler (2019–2021) — Former Board of Director
- Former: Thomas Delong (2019–2021) — Former Board of Director
- Former: Joshua Dunham (2020–2021) — Mortgage Lending Sales Supervisor
- Former: Melissa Griffin (2020–2021) — Mortgage Lending Sales Supervisor
- Former: Denny Skelton (2019–2020) — Former Board of Director
- Former: Monte Berg (2019–2020) — Former President & CEO
- Former: Chris McGovern (2019) — Manager of Mortgage Lending
- Former: Elizabeth Caven (2019) — Former Board of Director
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $1.2M, to Renee Christoffer (President/CEO). 23 officers or directors reported compensation on that filing.
Frequently asked questions about Veridian Credit Union
How much does Veridian Credit Union give each year?
Veridian Credit Union gave $752K across 39 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $547K across 23 grants.
What is Veridian Credit Union's typical grant size?
Veridian Credit Union's median grant in 2024 was $10,000, and its average grant was $19,289, across 39 grants on its 2024 IRS Form 990. Organizations receiving their first grant from Veridian Credit Union that year got $13K on average.
Where does Veridian Credit Union give grants?
Veridian Credit Union gives mostly in Iowa: 86% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The next largest state was Nebraska (11%). The most frequent recipient cities were Waterloo, IA (7 grants), Des Moines, IA (7 grants), Omaha, NE (5 grants) and Cedar Rapids, IA (4 grants).
Does Veridian Credit Union give general operating support?
Yes: 21% of Veridian Credit Union's 2024 grants with a stated purpose (8 of 39) were for general or operating support, per its 2024 IRS Form 990. Recurring purposes include "Capital Campaign" (8 grants), "Economic Development" (6 grants) and "Housing Support" (4 grants).
Who are Veridian Credit Union's largest grantees?
Veridian Credit Union's largest 2024 grantees include Iowa Credit Union League ($100,421), Operation Threshold ($100,000) and Community Foundation of Northeast Iowa ($90,000), according to its 2024 IRS Form 990. Together they received 39% of its itemized 2024 grant dollars.
How large is Veridian Credit Union?
Veridian Credit Union reported $8.0B in total assets on its 2024 IRS Form 990. Its revenue that year was $459.8M.
What does Veridian Credit Union fund?
Veridian’s stated mission is “to partner with members to create successful financial futures.” Its Successful Financial Future Grants support nonprofits addressing barriers to financial stability through financial literacy or employment readiness. See mission & focus areas ↑
How do I apply for a grant from Veridian Credit Union?
Veridian accepts unsolicited requests for capital campaigns, donations and sponsorships through its funding request form. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Veridian Credit Union's EIN?
Veridian Credit Union's EIN (Employer Identification Number) is 42-1132695. IRS Form 990 filing data is available on this page for 2019–2024.
Does Veridian Credit Union accept unsolicited proposals?
Yes, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS July 14, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 6, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS September 19, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 14, 2025)
- IRS filings on file for fiscal years 2019–2024
Explore Open Grants
Browse active grant opportunities in Veridian Credit Union's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Veridian Credit Union funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/veridian-credit-union-morg_0d539043542e4cd8af8a5f4c7fc60577
BibTeX
@misc{grantable_421132695_2026,
author = {{Grantable}},
title = {{Veridian Credit Union funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/veridian-credit-union-morg_0d539043542e4cd8af8a5f4c7fc60577},
note = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Veridian Credit Union's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Veridian Credit Union down — hundreds of funders to go?