Velocity Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
1.51%	5-year CD	5 Year Share Certificate 2.25% - Ally Bank High Yield 5 Year CD
1.56%	5-year IRA	5 Year IRA Certificate (Traditional, Roth) 1.51% - National Average
1.00%	3-year CD	3 Year Share Certificate 1.60% - Ally Bank High Yield 3 Year CD

View all Velocity Credit Union rates »

Overview / Commentary

www.velocitycu.com

512-469-7000

610 E 11th St
Austin, TX 78701-2621

Velocity Credit Union is headquartered in Austin and is the 24^th largest credit union in the state of Texas. It is also the 324^th largest credit union in the nation. It was established in 1947 and as of December of 2016, it had grown to 189 employees and 84,665 members at 6 locations. Velocity Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in Velocity Credit Union is open anyone through joining the the Paramount Theatre Association. Membership is also open to those who live or work in the Texas counties of Bastrop, Caldwell, Hays, Travis, or Williamson, or within a 10-mile radius of any Velocity branch or ATM.
See current membership details

Reviews (3)

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Great Credit Union, Wonderful Personal Service

Posted by: BarbaraB | Apr 28, 2012

Velocity has been around Austin for more than 60 years. Love the friendly and knowledgable employees. You are treated like a VIP here, not a "number."

Comment

6

Not Competative These Days

Posted by: Anonymous | Oct 27, 2012

I have been with Velocity Credit Union for more than 30 years. The employees are great with wonderful customer service. I wonder why Velocity is paying such low CD, share, money market rates to their members. They use to be very competitive. I liked the fact I could do all my business with them, but that has changed and I am looking for new opportunities.

Comment

5

Velocity Credit Union Crooks

Posted by: John E Thompson | Jun 17, 2016

DO NOT DO BUSINESS WITH THESE PEOPLE! They are crooks. They will nickel & dime you any way they can. I tried to be a responsible customer, setting up auto-payments, on their deadline, but they chose to charge me a day after to collect late fees. And get this, even though they saw I had auto-withdraw, they still won't reverse their late fees. Stay far, far away...they are definitely not worth your time or money!

Comment

5

Health

B+

Data as of Q4 2016

Learn why bank health matters

Health Grade Components

Overall
NCUA #	68359
Year Chartered	1947
Employees	189
Primary Regulator

Profit Margin
Return on Assets - YTD	0.95%
Return on Equity - YTD	8.63%
Annual Interest Income	$34.5MM

Assets and Liabilities
Assets	Q4 2016vs Q4 2015	$843.9MM$811.2MM
Loans	Q4 2016vs Q4 2015	$678.5MM$628.9MM
Deposits	Q4 2016vs Q4 2015	$689.8MM$680.9MM
Equity Capital	Q4 2016vs Q4 2015	$93.8MM$90.3MM
Loan Loss Allowance	Q4 2016vs Q4 2015	$6.5MM$3.6MM
Unbacked Noncurrent Loans	Q4 2016vs Q4 2015	$9.2MM$4.1MM
Real Estate Owned	Q4 2016vs Q4 2015	$0$0

User-submitted Promotions & Notices

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This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

2.22% APY, 5-Year CD. Quick Look.

cumulus | Apr 20, 2017

Velocity Credit Union (easy membership)
5-year term (2.20% rate) 2.22% APY
EWP=365 days, $1,000 minimum
Dividends compounded and paid quarterly
Offer good through May 20, 2017.

Elite Rewards (special benefits for members .GE. age 50)
do NOT apply

Comment

3

Rates

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

Velocity Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.35%^*	$50k^*	-	Traditional IRA Savings
OTHER TIERS: 0.20% → Up to $2k \| 0.25% → $2k - $10k \| 0.30% → $10k - $50k
0.35%^*	$50k^*	-	Roth IRA Savings
OTHER TIERS: 0.20% → Up to $2k \| 0.25% → $2k - $10k \| 0.30% → $10k - $50k
0.20%	$100	-	Regular Share Savings
0.20%	-	-	Rising Star (Youth) Savings
0.20%	-	-	Cosmic Teen (Youth) Savings

Velocity Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.35%^*	$200k^*	-	Money Market Account
OTHER TIERS: 0.20% → $2k - $50k \| 0.25% → $50k - $90k \| 0.30% → $90k - $200k

Velocity Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%	$15k	-	Choice Business Checking
0.15%	$2k	-	Priority One Checking
0.15%^*	$20k^*	-	Check Plus Checking
OTHER TIERS: 0.05% → $750 - $5k \| 0.10% → $5k - $20k
0.05%	$500	-	Regular Checking

Velocity Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.22%	$1k	-	5 Year Share Certificate Promotion
1.51%	$1k	-	5 Year Share Certificate
1.31%	$1k	-	4 Year Share Certificate
1.00%	$1k	-	3 Year Share Certificate
0.80%	$1k	-	2 Year Share Certificate
0.80%	$1k	-	30 Month Share Certificate
0.75%	$90k	-	1 Year Jumbo Share Certificate
0.60%	$1k	-	1 Year Share Certificate
0.60%	$1k	-	18 Month Share Certificate
0.30%	$20k	-	6 Month Mini-Jumbo Share Certificate
0.30%	$20k	-	9 Month Mini-Jumbo Share Certificate
0.30%	$1k	-	182 Day Short Term Share Certificate
0.30%	$1k	-	9 Month Short Term Share Certificate
0.30%	$90k	-	6 Month Jumbo Share Certificate
0.20%	$90k	-	3 Month Jumbo Share Certificate
0.10%	$20k	-	91 Day Mini-Jumbo Share Certificate
0.10%	$100	-	2 Year Small Savers Share Certificate
0.10%	$1k	-	91 Day Short Term Share Certificate

Velocity Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.22%	$1k	-	5 Year IRA Certificate Promotion
1.56%	$1k	-	5 Year IRA Certificate
1.41%	$1k	-	4 Year IRA Certificate
1.21%	$1k	-	3 Year IRA Certificate
1.00%	$1k	-	2 Year IRA Certificate
0.80%	$1k	-	1 Year IRA Certificate

Locations

Velocity Credit Union Locations
Branch Office	4220 S Lamar Blvd Ste 100	Austin, TX 78704-7924
Branch Office	900 Round Rock Ave	Round Rock, TX 78681-4510
Branch Office	610 E 11th St	Austin, TX 78701-2621
Branch Office	1201 W Braker Ln	Austin, TX 78758-3844
Branch Office	9300 S Interstate 35 Bldg I	Austin, TX 78748-1751
Branch Office	1230 E New Hope Dr	Cedar Park, TX 78613