Featured Savings Rates
Featured Accounts

Velocity Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.76%5-year CD5 Year Share Certificate
1.81%5-year IRA5 Year IRA Certificate (Traditional, Roth)
1.10%3-year CD3 Year Share Certificate

Overview / Commentary
512-469-7000
610 E 11th St
Austin, TX 78701-2621

Velocity Credit Union is headquartered in Austin and is the 25th largest credit union in the state of Texas. It is also the 332nd largest credit union in the nation. It was established in 1947 and as of June of 2017, it had grown to 184 employees and 87,386 members at 6 locations. Velocity Credit Union's CD rates are 11% 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

33-Month CD Promotion - 1/10/2017

Velocity (easy membership) is offering a 1.60% APY 33-month CD through 2/4/17,  available for both regular and IRA accounts.  It's hardly spectacular, but it would qualify as being competitive, I suppose.

Velocity CU's Promotes Limited Time 5-Year Certificate - 10/20/2016

Velocity CU (easy membership) is offering a 5-year Regular Certificate (2.07% APY) through December 3, 2016. Minimum deposit is $1k, with no stated balance cap.

View all posts from:

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 in Texas Decides to Stay with NCUA Deposit Insurance
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
1/7/10 - Velocity CU Members Approve Conversion to Private Insurance - Future of ASI?
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 (3)

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."

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

Health Grade Components

Overall
NCUA #68359
Year Chartered1947
Employees184
Primary Regulator
Profit Margin
Return on Assets - YTD-1.15%
Return on Equity - YTD-10.89%
Annual Interest Income$18.0MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$854.1MM$836.1MM
LoansQ2 2017vs Q2 2016$679.4MM$668.0MM
DepositsQ2 2017vs Q2 2016$693.0MM$698.0MM
Equity CapitalQ2 2017vs Q2 2016$90.1MM$97.0MM
Loan Loss AllowanceQ2 2017vs Q2 2016$12.3MM$4.7MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$6.2MM$5.3MM
Real Estate OwnedQ2 2017vs Q2 2016$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Velocity 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 Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.22%$1k-60 Month Share Certificate Promotion
1.76%$1k-5 Year Share Certificate
1.76%$1k-36 Month Share Certificate Promotion
1.51%$1k-4 Year Share Certificate
1.10%$1k-3 Year Share Certificate
1.00%$90k-1 Year Jumbo Share Certificate
0.90%$1k-2 Year Share Certificate
0.90%$1k-30 Month Share Certificate
0.70%$1k-1 Year Share Certificate
0.70%$1k-18 Month Share Certificate
0.45%$20k-6 Month Mini-Jumbo Share Certificate
0.45%$20k-9 Month Mini-Jumbo Share Certificate
0.45%$1k-182 Day Short Term Share Certificate
0.45%$1k-9 Month Short Term Share Certificate
0.45%$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.22%$1k-60 Month IRA Certificate Promotion
1.81%$1k-5 Year IRA Certificate
1.76%$1k-36 Month IRA Certificate Promotion
1.61%$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 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