Featured Savings Rates
Featured Accounts

Velocity Credit Union

Popular Accounts at this Credit Union

2.02%5-year CD5 Year Share Certificate
2.12%5-year IRA5 Year IRA Certificate (Traditional, Roth)
1.41%3-year CD3 Year Share Certificate

Overview / Commentary
610 E 11th St
Austin, TX 78701-2621

Velocity Credit Union is headquartered in Austin and is the 27th largest credit union in the state of Texas. It is also the 340th largest credit union in the nation. It was established in 1947 and as of December of 2017, it had grown to 172 employees and 86,825 members at 6 locations. Velocity Credit Union's CD rates are 28% higher than the national average, and it has an A 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

Related Posts

2.22% APY, 5-Year CD. Quick Look. - 4/20/2017

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

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8/12/14 - Velocity CU 5-Year CD/IRA Promotional Extended Through August 30, 2014
8/3/14 - Velocity Credit Union (5 Yr CD, 2.02%APY) Limited Time Offer ANYONE CAN JOIN THIS CU
11/19/11 - Velocity Credit Union Extends CD Promotion - CD Application & Deposit Insurance Issues
11/8/11 - Special CD Rates at Velocity Credit Union in Texas - Easy Membership
11/7/11 - Velocity Credity Union Limited Time CD Rates
9/15/11 - Top Long-Term CD Rates at Velocity Credit Union - Easy Membership
3/7/11 - Special 2-Year & 3-Year CD Rates at Velocity Credit Union in Texas - Easy Membership
2/11/11 - Update to Velocity Credit Union's 18-Month CD & 5-Year CD Rates
1/28/11 - Special 18-Month CD and IRA CD Rates at Velocity Credit Union in Texas - Easy Membership
12/16/10 - Top 5-Year CD and IRA CD Rates at Velocity Credit Union in Texas - Easy Membership
4/25/10 - Special 24-Month CD Rate at Velocity Credit Union in Austin Texas - Easy Membership
3/24/10 - Velocity Credit Union Extends 9-Month CD Special - Easy Membership
3/2/10 - Velocity Credit Union's 9-Month CD Special - Easy Membership
2/10/10 - Velocity Credit Union Extends its 15-Month CD Special - Easy Membership but Soon-to-be ASI-Only
2/1/10 - 15-Month CD Special at Velocity Credit Union - Easy Membership But Soon To Be ASI-Only
12/4/09 - Velocity Credit Union in Texas Begins Voting Process for Switch to Private Insurance
2/20/09 - 3.14% 12-Month CD at Velocity Credit Union in Texas - Easy Membership
2/3/09 - 3.44% 18-Month CD at Velocity Credit Union in Texas - Easy Membership
6/24/08 - 4.06% 15-Month CD at a Texas Credit Union (Velocity).
4/23/08 - 4.06% 12-Month CD at a Texas Credit Union (Velocity).
3/15/08 - 4.32% 9-Month CD at a Texas Credit Union (Velocity).
4/11/07 - $30 Checking Account Bonus at a Texas Bank (Velocity)

Reviews (5)

My experience at my credit union

I have been a member of my credit union for over seven years. I have always had a good experience with them. When I have gone into the lobby to meet with a teller the lines have moved quickly and I have always been greeted with a professional and friendly attitude from the teller. Customers are also allowed to turn change into dollars from the change machine, free of charge. I am also enrolled in a Rewards program. For every transaction ran as a credit card I accumulate points that can be used for a variety of different things. On the times that I have used the customer service phone number I have always had my issue or question resolved right away. Good experience overall and I am a satisfied customer!

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."

Great local CU - But behind on Tech

I started at velocity because my dad worked for the City of Austin which had a branch in it's main office. Velocity Credit Union is the perfect choice for those looking for a no-frills bank without wanting to pay many fees or worry about the shady practices large banks like Wells Fargo has recently been convicted of participating in. The bank has great customer service and the people that work there are always ready to help. The two downsides to this credit union are number of locations and web services. In terms of number of locations, it is better than most credit unions but nothing near most banks, even in Austin where they are big there's only 4 locations I know of, as opposed to ten plus Wells Fargo banks, for example. The second downside is their online services and app, the online system works fine but looks dated and the app is well behind those of large banks. It does the job but for more advanced features and GUI wise it is 5 or so years behind. However, overall, they are great as they are free for nearly everything except checks, offer great service, and helped me tremendously with getting my mortgage later on since I had already been a checking customer for so long.

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.

Velocity Credit Union Crooks

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!


Health Grade Components

NCUA #68359
Year Chartered1947
Primary Regulator
Profit Margin
Return on Assets - YTD-0.56%
Return on Equity - YTD-5.22%
Annual Interest Income$36.4MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$863.2MM$843.9MM
LoansQ4 2017vs Q4 2016$657.2MM$678.5MM
DepositsQ4 2017vs Q4 2016$701.2MM$689.8MM
Equity CapitalQ4 2017vs Q4 2016$91.8MM$93.8MM
Loan Loss AllowanceQ4 2017vs Q4 2016$15.5MM$6.5MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$5.9MM$9.2MM
Real Estate OwnedQ4 2017vs Q4 2016$0$0
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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

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

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

0.20%$15k-Choice Business 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

2.02%$1k-5 Year Share Certificate
1.61%$1k-4 Year Share Certificate
1.41%$1k-3 Year Share Certificate
1.36%$1k-30 Month Share Certificate
1.31%$1k-2 Year Share Certificate
1.15%$1k-18 Month Share Certificate
1.15%$90k-1 Year Jumbo Share Certificate
1.00%$1k-12 Month Share Certificate
0.75%$20k-9 Month Mini-Jumbo Share Certificate
0.75%$1k-9 Month Short Term Share Certificate
0.70%$90k-6 Month Jumbo Share Certificate
0.63%$20k-6 Month Mini-Jumbo Share Certificate
0.63%$1k-182 Day Short Term Share Certificate
0.30%$90k-3 Month Jumbo Share Certificate
0.20%$20k-91 Day Mini-Jumbo Share Certificate
0.20%$100-2 Year Small Savers Share Certificate
0.20%$1k-91 Day Short Term Share Certificate

Velocity Credit Union IRA Rates

2.12%$1k-5 Year IRA Certificate
1.66%$1k-4 Year IRA Certificate
1.46%$1k-3 Year IRA Certificate
1.36%$1k-2 Year IRA Certificate
1.05%$1k-1 Year IRA Certificate

Velocity Credit Union Locations
Branch Office4220 S Lamar Blvd Ste 100Austin, TX 78704-7924
Branch Office900 Round Rock AveRound Rock, TX 78681-4510
Branch Office610 E 11th StAustin, TX 78701-2621
Branch Office1201 W Braker LnAustin, TX 78758-3844
Branch Office9300 S Interstate 35 Bldg IAustin, TX 78748-1751
Branch Office1230 E New Hope DrCedar Park, TX 78613