Nonprofit · EIN 42-1132695
VERIDIAN CREDIT UNION
Tax-exempt · WATERLOO, IA 50701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $459,755,519 | $366,394,437 | $93,361,082 | $7,964,809,440 | $7,107,021,669 | $857,787,771 |
| December 31, 2023 | 990 | $393,776,056 | $320,519,571 | $73,256,485 | $7,452,103,478 | $6,703,828,522 | $748,274,956 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $386,960,773
- Investment income
- $24,287,603
- Net rental income
- -$188,435
- Net gain from sales of assets
- $165,081
- Other revenue
- $48,507,143
Expenses
- Grants and similar amounts paid
- $985,368
- Compensation of officers, directors and key employees
- $4,942,683
- Other salaries and wages
- $61,063,469
- Salaries, compensation and benefits (total)
- $92,383,604
- Professional fundraising fees
- $0
- Legal fees
- $315,962
- Accounting fees
- $458,226
- Occupancy
- $7,294,855
- Travel
- $288,639
- Depreciation
- $5,600,483
Balance sheet and other
- Total assets, start of year
- $7,452,103,478
- Total assets, end of year
- $7,964,809,440
- Total liabilities, end of year
- $7,107,021,669
- Net assets, end of year
- $857,787,771
- Land, buildings and equipment
- $90,331,433
- Gross unrelated business income
- $1,038,550
- Gross receipts
- $569,792,196
- Employees
- 1,284
- Volunteers
- 17
- Year formed
- 1934
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RENEE CHRISTOFFER | PRESIDENT/CEO Officer | 50 | $1,206,516 | $301,023 |
| KEITH MESCH | CHIEF FINANCIAL OFFICER Officer | 50 | $535,227 | $188,904 |
| DOUGLAS GILBERTSON | FORMER CHIEF OPERATIONS OFFICER Former | 0 | $563,602 | $26,003 |
| BRETT ENGSTROM | CHIEF INFORMATION OFFICER Key employee | 50 | $405,967 | $147,813 |
| MARK KOPPEDRYER | CHIEF EXPERIENCE OFFICER Key employee | 50 | $383,968 | $164,741 |
| KARA VANWERT | CHIEF LENDING OFFICER Key employee | 50 | $374,342 | $147,083 |
| SHAWNA MATZ | CHIEF PEOPLE OFFICER Key employee | 50 | $373,685 | $123,808 |
| GREGORY SLESSOR | SENIOR VP OF LEGAL Highest-paid employee | 50 | $367,523 | $121,671 |
| EMILY L KUNTZ | VP - CONTROLLER Highest-paid employee | 50 | $266,451 | $85,517 |
| CHRISTI HULME | VP OF MEMBER CONTACT CENTER Highest-paid employee | 50 | $250,036 | $87,977 |
| STEVEN LINDAMAN | VP OF COMMERCIAL AND MORTGAGE Highest-paid employee | 50 | $247,201 | $88,198 |
| MOLLY SCHMIDT | VP OF INFORMATION TECHNOLOGY Highest-paid employee | 50 | $224,450 | $88,928 |
| JUSTINE TEUT | BOARD OF DIRECTOR Trustee or director | 6 | $24,356 | $0 |
| AUBREY WARD | BOARD OF DIRECTOR Trustee or director | 6 | $4,534 | $0 |
| TRACI MCBEE | CHAIRPERSON ELECT Trustee or director, Officer | 6 | $2,468 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILL MONTGOMERY | BOARD OF DIRECTOR Trustee or director | 6 | $2,110 |
| WILLIAM BOEVERS | SECRETARY Trustee or director, Officer | 6 | $1,885 |
| LARRY LOSS | BOARD OF DIRECTOR Trustee or director | 6 | $1,721 |
| CINDY SPROLE | BOARD OF DIRECTOR Trustee or director | 6 | $798 |
| STEPHANIE ATKIN | CHAIRPERSON Trustee or director, Officer | 6 | $782 |
| EMSAD BEGIC | BOARD OF DIRECTOR Trustee or director | 6 | $485 |
| CYNTHIA BUETTNER | BOARD OF DIRECTOR Trustee or director | 6 | $135 |
| PAMELA AYRES | FORMER BOARD OF DIRECTOR Trustee or director | 6 | $98 |
| JAMES KACHER | BOARD OF DIRECTOR Trustee or director | 6 | $0 |
| BOB KRESSIG | BOARD OF DIRECTOR Trustee or director | 6 | $0 |
| NICK WATERS | TREASURER Trustee or director, Officer | 6 | $0 |
990 for the year ended December 31, 2023: 35 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RENEE CHRISTOFFER | PRESIDENT/CEO Officer | 50 | $1,089,271 | $288,421 |
| DOUGLAS GILBERTSON | FORMER CHIEF OPERATIONS OFFICER Officer | 50 | $717,384 | $60,954 |
| KEITH MESCH | CHIEF FINANCIAL OFFICER Officer | 50 | $501,320 | $178,260 |
| BRETT ENGSTROM | CHIEF INFORMATION OFFICER Officer | 50 | $382,418 | $141,862 |
| GREGORY SLESSOR | SENIOR VP OF LEGAL Key employee | 50 | $350,109 | $114,847 |
| MARK KOPPEDRYER | CHIEF EXPERIENCE OFFICER Officer | 50 | $330,839 | $120,780 |
| SHAWNA MATZ | CHIEF PEOPLE OFFICER Officer | 50 | $323,869 | $116,873 |
| KARA VANWERT | CHIEF LENDING OFFICER Officer | 50 | $317,559 | $106,952 |
| EMILY L KUNTZ | VP - CONTROLLER Highest-paid employee | 50 | $233,254 | $83,609 |
| SARAH ELAINE CORKERY | VP OF MARKETING Highest-paid employee | 50 | $246,763 | $59,897 |
| CHRISTI HULME | VP OF MEMBER CONTACT CENTER Key employee | 50 | $226,943 | $76,457 |
| STEVEN LINDAMAN | VP OF COMMERCIAL AND MORTGAGE Key employee | 50 | $221,068 | $75,688 |
| KELLY MANGRICH | VP OF PAYMENT SYSTEMS Key employee | 50 | $223,272 | $64,135 |
| MOLLY SCHMIDT | VP OF INFORMATION TECHNOLOGY Key employee | 50 | $203,678 | $82,998 |
| MICHAEL STEFFEN | VP OF DIGITAL Highest-paid employee | 50 | $204,800 | $63,746 |
| ELIZABETH MEEHAN | VP OF TALENT DEVELOPMENT Highest-paid employee | 50 | $187,941 | $70,649 |
| SEAN MIGLINI | SENIOR COMMERCIAL RELATIONSHIP MANAGER Highest-paid employee | 50 | $202,530 | $54,295 |
| RANDY HESIAK | VP OF INDIRECT LENDING Key employee | 50 | $167,942 | $57,202 |
| CHRISTOPHER MCGOVERN | MANAGER OF MORTGAGE LENDING Officer | 50 | $165,163 | $30,690 |
| JUSTINE TEUT | BOARD OF DIRECTOR Trustee or director | 6 | $11,973 | $0 |
| AUBREY WARD | BOARD OF DIRECTOR Trustee or director | 6 | $7,159 | $0 |
| WILLIAM BOEVERS | BOARD OF DIRECTOR Trustee or director | 6 | $4,949 | $0 |
| PAMELA AYRES | BOARD OF DIRECTOR Trustee or director | 6 | $2,033 | $0 |
| TRACI MCBEE | BOARD OF DIRECTOR Trustee or director | 6 | $1,184 | $0 |
| LARRY LOSS | BOARD OF DIRECTOR Trustee or director | 6 | $1,089 | $0 |
| EMSAD BEGIC | BOARD OF DIRECTOR Trustee or director | 6 | $1,025 | $0 |
| STEPHANIE ATKIN | BOARD OF DIRECTOR Trustee or director | 6 | $870 | $0 |
| CYNTHIA BUETTNER | BOARD OF DIRECTOR Trustee or director | 6 | $864 | $0 |
| JAMES KACHER | BOARD OF DIRECTOR Trustee or director | 6 | $836 | $0 |
| CINDY SPROLE | BOARD OF DIRECTOR Trustee or director | 6 | $179 | $0 |
| BOB KRESSIG | BOARD OF DIRECTOR Trustee or director | 6 | $0 | $0 |
| JUSTINE PEEBLES | BOARD OF DIRECTOR Trustee or director | 6 | $0 | $0 |
| GINGER SHIRLEY | FORMER BOARD OF DIRECTOR Trustee or director | 6 | $0 | $0 |
| CRESTON VAN WEY | FORMER BOARD OF DIRECTOR Trustee or director | 6 | $0 | $0 |
| NICK WATERS | BOARD OF DIRECTOR Trustee or director | 6 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1827 ANSBOROUGH AVE, WATERLOO, IA 50701-3629
- Principal officer (990 for 2024)
- KEITH J MESCH, 1827 ANSBOROUGH AVENUE, WATERLOO, IA 507013629
- Signed the 990
- KEITH J MESCH, CHIEF FINANCIAL OFFICER
- Phone
- (319) 236-5600
- Website
- WWW.VERIDIANCU.ORG
- Return prepared by
- RSM US LLP
Mission
THE MISSION OF VERIDIAN CREDIT UNION IS TO PARTNER WITH MEMBERS TO CREATE SUCCESSFUL FINANCIAL FUTURES.
Program accomplishments
- VERIDIAN CREDIT UNION SERVED APPROXIMATELY 349,551 MEMBERS AT OUR CONVENIENT BRANCH LOCATIONS. VERIDIAN CREDIT UNION ADDED 42,572 NEW MEMBERSHIPS IN 2024. TOTAL LOANS AND DEPOSITS AT 12/31/2024 WERE 6,858,140,556 AND 6,582,483,785, RESPECTIVELY.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1132695
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W61)
- Assets (IRS master file)
- $7,964,809,440
- Income (IRS master file)
- $569,792,196
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $459,755,519 | $366,394,437 | $7,964,809,440 | XML |
| 990 | December 2023 | $393,776,056 | $320,519,571 | $7,452,103,478 | XML |
| 990 | December 2022 | $308,336,218 | $208,710,140 | $6,898,328,206 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1132695).
Questions about VERIDIAN CREDIT UNION
- What is the EIN of VERIDIAN CREDIT UNION?
- The employer identification number (EIN) of VERIDIAN CREDIT UNION is 42-1132695.
- Is VERIDIAN CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 2007.
- Are donations to VERIDIAN CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VERIDIAN CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VERIDIAN CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VERIDIAN CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VERIDIAN CREDIT UNION?
- The 990 for the year ended December 31, 2024 names KEITH J MESCH.
- Who are the officers and directors of VERIDIAN CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 26 people; 23 received compensation from the organization, the highest $1,206,516 (RENEE CHRISTOFFER, PRESIDENT/CEO).
- How much revenue does VERIDIAN CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $459,755,519, expenses of $366,394,437 and total assets of $7,964,809,440 at year end.
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