Veridian Credit Union Small Business Products and Services

1. Veridian Credit Union Small BusinessProducts and Services

2. Introductions • Amanda Jones • Business Development Coordinator • 6 years at Veridian Credit Union • Anna Moorman • Business Development Coordinator • 3 years at Veridian Credit Union

3. Veridian Credit Union History • Established in 1934 as John Deere Employees Credit Union • In 1984 became a community credit union, changed name to John Deere Community Credit Union • January 1, 2006 changed name to Veridian Credit Union at request of Deere & Company • Largest credit union in Iowa, one of the top 100 credit unions in the nation

4. Credit Union Difference • Not-for-profit financial cooperatives • Owned by members using our services • Serve groups that share a common bond • Volunteer Board of Directors • Lower interest on loans, higher interest on savings

5. Deposit Products • Member Equity Savings • Required to become a member • $5 minimum balance • Dividend interest rate .75% APY • No monthly or annual fee • Free ATM Card • Privileged Status Network • www.shazam.net

6. Deposit Products • Small Business Package • $5 minimum balance • Dividend interest rate .75% APY • No monthly or annual fee • No charges for deposited items or checks written • Free ATM Card • Privileged Status Network • www.shazam.net

7. Deposit Products • Organizational Package • $5 minimum balance • Ideal for non-profit organizations • No monthly or annual fee • No charges for deposited items or checks written • Free ATM Card • Privileged Status Network • www.shazam.net

8. Deposit Products • Deluxe Business Package • Average deposit balance is $10,000 + or bus. Deposits more than 250 items per month, or more than 100 checks per month • $5 monthly fee ** waived if average collected balance is over $10,000 • $.03 per deposited item charge • Free Visa Debit Card • Free Home Banking

9. Deposit Products • Share Draft/Checking • No monthly fee • No service charges • No minimum balance required • Free Visa Debit card • Unlimited transactions • Overdraft Protection • From other accounts • Quick Draw Line-of-Credit

10. Deposit Products • Money Market • $1000 minimum balance • No penalty if balance falls below $1000, just no interest earned • Up to six electronic transfers per month • Premier Money Market • Three tiers starting at $25,000, $50,000, and $100,000+ • Same regulations

11. Deposit Products • Certificates of Deposit • 30 days to 60 month terms • Bump-up CD • $1,000 minimum deposit • 30-month term • Bump up rate one time during term at member’s request • Add-on CD • $500 minimum deposit • 12-month term • Add to it whenever you want • CDs for Children

12. Deposit Products • IRAs • Traditional • Pay taxes as you withdraw • Must withdraw at 70 ½ years old • Roth IRA • Pay the taxes as you deposit and withdraw tax free • Do not have to withdraw at certain age • Coverdell Education Savings • Can withdraw funds tax free for child’s education expenses

13. CPS Payroll Solutions LLC • Full service payroll processing • Pick and choose the services that specifically fit individual business’s needs • Save time and money • Jamie Chapman – CPS Account Rep. • 319-236-5618 • Jchapman@Cooperativepayroll.com • Call today for a FREE QUOTE!

14. Veridian Credit Union’s Business Partner Program • Payroll Processing • Credit Card Processing through Newtek • Enhance your employees’ benefits package at no cost to the company • Break Room visits • Educational Seminars • Veridian Representative to personally facilitate all of your business’s unique needs • Each relationship is tailored to your specific needs

15. Business Loans • Equipment Financing • Commercial Real Estate • Lines-of-Credit • Inventory Financing • Visa Gold and Classic Credit Cards • SBA Loans • Letters of Credit

16. Business Loans • Jon Beuter • Business Loan Officer • 319-833-4534 or 1-800-235-3228 ext. 4534 • JonAB@Veridiancu.org • Covers the entire state of Iowa

17. Home Equity Loans • Line-of-Credit • Variable rate • Minimum monthly payment 1% of loan • Open for up to 25 years • Loan • One-time distribution of funds • Fixed rate with 3, 5, or 7 year balloon • At end of term, loan balance is refinanced at the current interest rate • Use for home improvements, tuition, consolidation, financing a small business,etc

18. Online Services • www.veridiancu.org • Home Banking • Access your account • View check images • Make transfers – one time or recurring • eStatements • Free, electronic version of monthly statement • Statements and check images are archived for 2 years • Safer than mailing

19. Online Services • Bill Payment • Pay anyone • Schedule payments up to a year in advance • Set-up recurring payments • Free for eStatement users • Only 30 cents a transaction without eStatements • eNews • Swap Sheet

20. Veridian Partners • First Community Trust • Trusts, retirement, IRAs, estate planning, investment & cash management, bill paying • MEMBERS Financial Services • Todd Reinhardt • Financial management, retirement, IRAs, life insurance

21. Veridian Partners • MEMBERS Insurance • Cheryl Hanna and Donna Gerst • Homeowner and auto insurance • Pet Insurance

22. Locations • Waterloo • Ansborough Avenue, Crossroads Hy-Vee, Lafayette Street, Logan Avenue Hy-Vee, Martin Plaza, University Hy-Vee • Cedar Falls • Ankeny • Ankeny Hy-Vee, Ankeny Blvd, West Des Moines on University, Park Ave Hy-Vee • Waverly, Oelwein, Independence, Cedar Rapids, Marion • www.veridiancu.org

23. Thank you for your time! What questions do you have?