Yes. As a federally insured credit union, Veritas offers a safe and secure place to save money. The National Credit Union Share Insurance Fund (NCUSIF) provides coverage up to $250,000 per individual depositor so your deposits are protected. Importantly, no member has ever lost a penny of insured savings at a federally insured credit union.

For more details, visit the NCUA’s official consumer resource at MyCreditUnion.gov.

What makes a credit union different from a bank?
Credit unions—like Veritas—are not-for-profit financial cooperatives. Instead of customers, we have members, and our volunteer board of directors works on your behalf. When you deposit just $25 into a share account, you become a member-owner of Veritas Federal Credit Union.

Because we’re not driven by profits, any surplus earnings are returned to you through:

  • Higher dividends on savings
  • Lower loan rates
  • Free or low-cost financial services

How are credit unions connected to each other?
Credit unions are part of a global cooperative network and are designed to support members wherever they go. This network includes:

  • Shared branches (over 5,000 nationwide)
  • State credit union leagues
  • The Credit Union National Association (CUNA)

Because of these partnerships, you can access financial services easily—even when traveling or living far from your home branch.

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