Velocity Community Federal Credit Union

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A short history of Velocity Community FCU

Since its inception in 1958 the Velocity Community Federal Credit Union has been serving its members in the PALM BEACH GARD, Florida area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Jeff Marshall, the Velocity Community FCU has grown its membership to over 21,960 with assets of more than $337,096,305. They have a main office and 4 branch offices. Please see the credit unions website or contact them by phone at (561) 775-2525 or email them at vccu@velocitycommunity.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in PALM BEACH GARD, FL.

General Information For Velocity Community FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 12458
Address PO BOX 30669 
City PALM BEACH GARD 
State Florida 
Zip-Code 33420
Phone Number (561) 775-2525
Fax Number (561) 624-1753
Email Address: vccu@velocitycommunity.org
CEO/President Jeff Marshall
Members 21,960 
Full-Time Employees 72 
Part-Time Employees
Number of Branch Offices
Total Assets 337,096,305 
Website http://www.velocitycommunity.org 

Compare Velocity Community Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Town Of Palm Beach CU Main Office 951 Okeechobee Rd Ste B 33401 (561) 655-4282 No 7.11
Guardians CU Boynton Beach 1301 N Congress Ave 33426 (561) 686-4006 No 9.25
First Choice CU Main Office 1055 S Congress Ave 33406 (561) 641-0100 No 9.60
Gold Coast CU Port St. Lucie 10000 S US Highway 1 34952 (772) 335-2083 No 10.77
Ibm Southeast Employees CU Southlake 1135 Mount Zion Rd 34952 (770) 961-1101 No 22.30

Velocity Community Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Velocity Community Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 10.25 2.39 2.99 3.88 4.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 272 70 91 119 100
Rank Among All Florida Credit Unions 32 11 12 14 7

Velocity Community Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.05 0.15 0.35 0.15
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 143 124 293 276
Rank Among All Florida Credit Unions N/A 22 26 58 41
Velocity Community Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 10.2508,84812,951,105
All Other Unsecured Loans/Lines of Credit 10.9001,2635,920,978
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 7.800121667,822
New Vehicle Loans 2.39068912,667,625
Used Vehicle Loans 2.9903,73952,717,997
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.88061454,059,676
Total Other Real Estate Loans/Lines of Credit 4.0003469,940,193
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.1003775,633,747
TOTAL LOANS & LEASES 15,997154,559,143

Velocity Community Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 16224,163,743358,661,725
    b. 15 Years or less 39828,971,416476,135,470
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 54924,5175333,000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 1525,997,570361,845,150
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 1943,942,623402,164,800
Open-End Fixed Rate 0000
TOTALS 96063,999,86916319,140,145

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Velocity Community Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing No
Money Orders No
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes