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Velocity Community Credit Union


Overview / Commentary
www.velocitycommunity.org
561-775-2525
2801 Pga Blvd Ste 120
Palm Beach Gardens, FL 33410

Velocity Community Credit Union is headquartered in PALM BEACH GARDENS and is the 36th largest credit union in the state of Florida. It is also the 731st largest credit union in the nation. It was established in 1958 and as of June of 2024, it had grown to 82 employees and 24,585 members at 3 locations. Velocity Community Credit Union's savings rates are 8X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Velocity Community Credit Union is open to those who live, work, worship, volunteer, or attend school in Palm Beach County, Florida or have family members who are eligible for membership.
See current membership details

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Health
A

Data as of Q2 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #12458
Year Chartered1958
Employees82
Primary Regulator
Profit Margin
Return on Assets - YTD1.83%
Return on Equity - YTD15.97%
Annual Interest Income$10.5MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$499MM$481.3MM
LoansQ2 2024vs Q2 2023$306.9MM$297.2MM
DepositsQ2 2024vs Q2 2023$419.9MM$414.9MM
Equity CapitalQ2 2024vs Q2 2023$57MM$51.7MM
Loan Loss AllowanceQ2 2024vs Q2 2023$1.5MM$1.1MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$984K$750K
Real Estate OwnedQ2 2024vs Q2 2023$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Velocity Community Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Velocity Community Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$10k$50kHigh Yield Savings
1.50%$5-Health Savings Accounts
1.35%*$100k*-IRA
OTHER TIERS: 0.85% → $2.5k - $75k | 1.25% → $75k - $100k
1.35%*$100k*-Coverdell Education Savings Account
OTHER TIERS: 0.85% → $2.5k - $75k | 1.25% → $75k - $100k
0.15%*$2.5k*-Savings
OTHER TIERS: 0.10% → $5 - $2.5k
0.15%*$2.5k*-Holiday Club Account
OTHER TIERS: 0.10% → $0 - $2.5k
0.15%*$2.5k*-"You name It" Account
OTHER TIERS: 0.10% → $0 - $2.5k

Velocity Community Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.35%*$100k*-Money Market Share Account
OTHER TIERS: 0.70% → $2.5k - $25k | 0.85% → $25k - $75k | 1.25% → $75k - $100k

Velocity Community Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.55%$1k-6 Month MemberPLUS CD
4.50%$1k-6 Month Member CD
4.50%$250-6 Month Youth CD
4.25%$1k-12 Month MemberPLUS CD
4.20%$1k-12 Month Member CD
4.20%$250-12 Month Youth CD
4.05%$5k-60 Month MemberPLUS CD
4.00%$5k-60 Month Member CD
3.75%$1k-18 Month MemberPLUS CD
3.70%$1k-18 Month Member CD
3.55%$5k-24 Month MemberPLUS CD
3.55%$5k-36 Month MemberPLUS CD
3.55%$5k-48 Month MemberPLUS CD
3.50%$5k-24 Month Member CD
3.50%$5k-36 Month Member CD
3.50%$5k-48 Month Member CD
3.50%$5k-24 Month Bump-Up Member CD

Velocity Community Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.55%$1k-6 Month MemberPLUS IRA
4.50%$1k-6 Month Member IRA
4.25%$1k-12 Month MemberPLUS IRA
4.20%$1k-12 Month Member IRA
3.75%$1k-18 Month MemberPLUS IRA
3.70%$1k-18 Month Member IRA
3.55%$5k-24 Month MemberPLUS IRA
3.55%$5k-36 Month MemberPLUS IRA
3.55%$5k-48 Month MemberPLUS IRA
3.55%$5k-60 Month MemberPLUS IRA
3.50%$5k-24 Month Member IRA
3.50%$5k-36 Month Member IRA
3.50%$5k-48 Month Member IRA
3.50%$5k-60 Month Member IRA
3.50%$5k-24 Month Bump-Up Member IRA
Locations


Velocity Community Credit Union Locations
Branch Office563 N State Road 7Royal Palm Beach, FL 33411-3524
Branch Office2801 PGA BLVD STE 120PALM BEACH GARDENS, FL 33410
Branch Office6779 W Indiantown RdJupiter, FL 33458-4654

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