Velocity Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
1.81%	5-year CD	5 Year Share Certificate 1.85% - Synchrony Bank 60 Month CD
1.31%	2-year CD	24 Month Share Certificate Promotion 1.30% - Ally Bank Raise Your Rate 2-Year CD
1.86%	5-year IRA	5 Year IRA Certificate (Traditional, Roth) 1.41% - National Average

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 318^th largest credit union in the nation. It was established in 1947 and as of June of 2016, it had grown to 191 employees and 81,956 members at 6 locations. Velocity Credit Union has an A+ health rating.

Field of Membership Restrictions

Membership is 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. Membership is also open to employees or members of sponsoring employers and organizations, including the Paramount Theatre Association which is open to anyone. Family members of existing members also qualify.
See current membership details

Reviews (3)

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Featured Account Options

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."

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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.

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2

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!

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1

Health

A+

Data as of Q2 2016

Learn more about bank health

Health Grade Components

Overall
NCUA #	68359
Year Chartered	1947
Employees	191
Primary Regulator

Profit Margin
Return on Assets - YTD	1.39%
Return on Equity - YTD	11.92%
Annual Interest Income	$17.0MM

Assets and Liabilities
Assets	Q2 2016vs Q2 2015	$836.1MM$767.7MM
Loans	Q2 2016vs Q2 2015	$668.0MM$596.4MM
Deposits	Q2 2016vs Q2 2015	$698.0MM$640.3MM
Equity Capital	Q2 2016vs Q2 2015	$97.0MM$86.2MM
Loan Loss Allowance	Q2 2016vs Q2 2015	$4.7MM$3.3MM
Unbacked Noncurrent Loans	Q2 2016vs Q2 2015	$5.3MM$1.7MM
Real Estate Owned	Q2 2016vs Q2 2015	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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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

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
1.81%	$1k	-	5 Year Share Certificate
1.31%	$1k	-	24 Month Share Certificate Promotion
1.15%	$1k	-	4 Year Share Certificate
1.00%	$1k	-	3 Year Share Certificate
0.75%	$1k	-	2 Year Share Certificate
0.75%	$1k	-	30 Month Share Certificate
0.75%	$90k	-	1 Year Jumbo Share Certificate
0.55%	$1k	-	1 Year Share Certificate
0.55%	$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
1.86%	$1k	-	5 Year IRA Certificate
1.41%	$1k	-	4 Year IRA Certificate
1.31%	$1k	-	24 Month IRA Certificate Promotion
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