Velocity Credit Union

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A short history of Velocity CU

Since its inception in 1947 the Velocity Credit Union has been serving its members in the Austin, Texas 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 Debbie Mitchell, the Velocity CU has grown its membership to over 87,386 with assets of more than $854,145,428. They have a main office and 6 branch offices. Please see the credit unions website or contact them by phone at (512) 469-7000 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Austin, TX.

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

Charter Number 68359
Address P.O. Box 1089 
City Austin 
State Texas 
Zip-Code 78767
Phone Number (512) 469-7000
Fax Number (512) 469-7024
Email Address:
CEO/President Debbie Mitchell
Members 87,386 
Full-Time Employees 184 
Part-Time Employees 24 
Number of Branch Offices
Total Assets 854,145,428 

Compare Velocity Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Public Employees CU 10th Street Branch 306 E 10th St 78768 (512) 474-1955 No 0.40
Vatat CU VATAT Credit Union 614 E 12th St 78701 (512) 472-3258 No 0.63
Travis County CU Main Office 1101 N Interstate 35 78702 (512) 477-2641 No 0.71
Lcra CU FPP 104 E State Highway 71 Byp 78760 (979) 639-0023 No 3.08
Austin CU Main Branch 1900 Woodward St 78741 (512) 444-6419 No 3.37

Velocity Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Velocity 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 7.99 5.83 5.62 5.80 6.55
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 90 474 400 354 395
Rank Among All Texas Credit Unions 15 174 135 104 105

Velocity Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.20 0.20 0.85 0.20
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 108 114 198 271
Rank Among All Texas Credit Unions 35 38 24 64 72
Velocity Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 7.9904,9477,323,291
All Other Unsecured Loans/Lines of Credit 9.9906,11020,257,475
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 5.83011,257273,716,657
Used Vehicle Loans 5.62013,338240,399,293
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.8001879,079,905
Total Other Real Estate Loans/Lines of Credit 6.5502,254117,890,994
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.7501,53710,688,890
TOTAL LOANS & LEASES 39,630679,356,505

Velocity Credit Union Real Estate Loans and Lines of Credit


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 271,620,449142,351,804
    b. 15 Years or less 1607,459,456191,290,051
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 2,251117,867,11017613,526,647
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 323,88400
TOTALS 2,441126,970,89920917,168,502


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 1292,7930
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Velocity 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 Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes