The Verno Credit Union

About The Verno Credit Union

The Verno Credit Union Location

Po Box 883
Newton, IA 50208

Phone: (641) 792-9000
Website:
Routing/Transit Number: Not Available

The Verno Credit Union Information

The Verno Credit Union of Newton, IA is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 164 members and assets of $485,465, as compared to the national average of $93 million dollars of assets per credit union. The Verno Credit Union, first opened in 1960 and has been in operation since then. Additionally, The Verno Credit Union has 0 full time employees and 2 part time employees, or 82 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that The Verno Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. The Verno Credit Union is a not-for-profit, cooperative, tax-exempt organization.