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Filing year 2024

VERIDIAN CREDIT UNION

Waterloo, Iowa·EIN 42-1132695·NTEE W61 · Public & Societal Benefit·501(c)(14)
Total revenue
$459.8M
Total assets
$8B
Total expenses
$366.4M
Reported officers
26
Mission

THE MISSION OF VERIDIAN CREDIT UNION IS TO PARTNER WITH MEMBERS TO CREATE SUCCESSFUL FINANCIAL FUTURES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 23 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Public & Societal Benefit organizations nationwide.

President/ceo
Above 90th percentile
$1.5M
$1.6M
Base
$776k
Bonus
$207k
Other
$223k
Benefits
$23k
Chief Financial Officer
Above 90th percentile
$724k
$779k
Base
$346k
Bonus
$86k
Other
$103k
Benefits
$26k
Former Chief Operations Officer
Former Officer/director/trustee
Above 90th percentile
$590k
$634k
Base
$448k
Bonus
$116k
Other
$396
Benefits
$8k
Chief Information Officer
Above 90th percentile
$554k
$596k
Base
$271k
Bonus
$64k
Other
$71k
Benefits
$24k
Chief Experience Officer
Key Employee
Above 90th percentile
$549k
$590k
Base
$290k
Bonus
$64k
Other
$29k
Benefits
$33k
Chief Lending Officer
Key Employee
Above 90th percentile
$521k
$561k
Base
$267k
Bonus
$61k
Other
$46k
Benefits
$20k
Chief People Officer
Key Employee
Above 90th percentile
$497k
$535k
Base
$239k
Bonus
$57k
Other
$78k
Benefits
$16k
Senior VP of Legal
Senior Vice President
75th to 90th percentile
$489k
$526k
Base
$262k
Bonus
$49k
Other
$57k
Benefits
$33k
VP - Controller
Controller
Above 90th percentile
$352k
$379k
Base
$189k
Bonus
$28k
Other
$50k
Benefits
$26k
VP of Member Contact Center
Board Vice President
75th to 90th percentile
$338k
$364k
Base
$192k
Bonus
$25k
Other
$33k
Benefits
$27k
VP of Commercial and Mortgage
Board Vice President
75th to 90th percentile
$335k
$361k
Base
$222k
Bonus
$24k
Other
$965
Benefits
$23k
VP of Information Technology
Board Vice President
75th to 90th percentile
$313k
$337k
Base
$178k
Bonus
$24k
Other
$22k
Benefits
$33k
Board of Director
Board Member
Median to 75th percentile
$24k
$26k
Board of Director
Board Member
10th to 25th percentile
$5k
$5k
Chairperson Elect
Board Chair
10th to 25th percentile
$2k
$3k
Board of Director
Board Member
10th to 25th percentile
$2k
$2k
Secretary
Officer (Unspecified)
$2k
$2k
Board of Director
Board Member
10th to 25th percentile
$2k
$2k
Board of Director
Board Member
Below 10th percentile
$798
$858
Chairperson
Board Chair
Below 10th percentile
$782
$841
Board of Director
Board Member
Below 10th percentile
$485
$522
Board of Director
Board Member
Below 10th percentile
$135
$145
Former Board of Director
Board Member
Below 10th percentile
$98
$105

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 3 unpaid individuals.

Browse compensation in Public & Societal Benefit

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at VERIDIAN CREDIT UNION equaled 0.4% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

This organization (2024)
0.4%
Sector median
10%
Middle half of sector
4% to 22%

Based on 2,608 public & societal benefit organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 9%
from 2023

From $1.4M in 2023 to $1.5M in 2024.

$1.4M
2023
$1.5M
2024
In today's dollarsEst.
Up 7% in real terms$1.5M to $1.6M

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 9% from 2023 to 2024, while revenue rose 17%.

$1.4M in 2023 to $1.5M in 2024.
  • Chief Financial Officer pay rose 7% from 2023 to 2024.
  • Chief Information Officer pay rose 6% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about VERIDIAN CREDIT UNION

What does the Chief Executive Officer of VERIDIAN CREDIT UNION earn?

In 2024, the Chief Executive Officer of VERIDIAN CREDIT UNION received $1,507,539 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Public & Societal Benefit organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at VERIDIAN CREDIT UNION compare with similar nonprofits?

Compared with the same role at Public & Societal Benefit organizations nationwide, the 2024 pay of the Chief Executive Officer at VERIDIAN CREDIT UNION falls in the top 10%. In 2024, the highest total compensation at VERIDIAN CREDIT UNION equaled 0.4% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

What are VERIDIAN CREDIT UNION's revenue and expenses?

In 2024, VERIDIAN CREDIT UNION reported $459.8M in total revenue and $366.4M in total expenses on its IRS Form 990.

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