Veridian Credit Union Announces Disaster Assistance Loans and Relief Donations

April 29, 2024

WATERLOO, Iowa (April 29, 2024): Veridian has reserved $3 million to offer Disaster Assistance Loans to those who have suffered property damage or hardship as a result of recent storms across Iowa and Nebraska. The loans are designed to offer a low-interest way to help manage expenses resulting from recent weather-related damages. Loans of up to $5,000 are available with up to 36-month terms and a fixed rate between 7% and 7.5% APR*, based on eligibility.

"Credit unions are 'people helping people,'" said Veridian President and CEO Renee Christoffer. "When our communities face unexpected hardship, our cooperative structure gives us a unique ability to help."

Individuals can apply for a Disaster Assistance Loan now through August 31, 2024 or until the $3 million is loaned out, whichever occurs first. Applications are available at any Veridian branch, by phone at (800) 235-3228 and online at veridiancu.org/assistance.

Veridian’s relief efforts also include a $15,000 donation to the United Way of the Midlands Disaster Recovery Fund and a $5,000 donation to the Community Foundation of Greater Des Moines Disaster Recovery Fund.

Veridian Credit Union, founded in 1934 in Waterloo, Iowa, is a financial cooperative owned by the people who use its products and services. The credit union offers a full range of business and consumer financial services with more than 1,000 employees and 33 branches across Iowa, eastern Nebraska and the Twin Cities metro area. For more information, visit veridiancu.org or call (800) 235-3228.