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Employer Identification Number 74-1200165

VELOCITY CREDIT UNION is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:VELOCITY CREDIT UNION
Employer identification number (EIN):74-1200165
EIN Issuing AuthorityPhiladelphia, PA
NAIC Classification:522130
NAIC Description:Credit Unions
401k Pension/Benefits registration VELOCITY CREDIT UNION 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementTO PROVIDE THE BEST PROGRAMS TO MEET THE FINANCIAL NEEDS OF OUR MEMBERS.
Number of Employees282
Number of Volunteers7
Year Formed1947

Organization Governance

Legal DomicileTX
Voting Members - Governing Body7
Voting Members - Independent7

Organization Financials

2024-12-31
Total unrelated business incomeUSD $ 37,268
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 44,116,110
Program Service Revenue from current yearUSD $ 51,072,651
Investment Income from prior yearUSD $ 11,726,929
Investment Income from current yearUSD $ 10,955,317
Other Revenue from prior yearUSD $ -530,150
Other Revenue from current yearUSD $ -305,455
Gross receipts from all sourcesUSD $ 64,525,059
Net assets / fund balances at end of fiscal yearUSD $ 127,430,057
Net assets / fund balances at beginning of fiscal yearUSD $ 117,500,677
Total liabilities at end of fiscal yearUSD $ 900,930,409
Total liabilities at beginning of fiscal yearUSD $ 921,574,747
Total assets at end of fiscal yearUSD $ 1,028,360,466
Total assets at beginning of fiscal yearUSD $ 1,039,075,424
Revenues less expenses for current yearUSD $ 2,429,132
Revenues less expenses for previous yearUSD $ 1,458,734
Total expenses for current yearUSD $ 59,293,381
Total expenses for previous yearUSD $ 53,854,155
Other expenses in current yearUSD $ 28,001,319
Other expenses in previous yearUSD $ 26,541,225
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 22,743,354
Employee salary and benefits paid in previous yearUSD $ 21,281,746
Benefits paid to or for members in current yearUSD $ 8,472,921
Benefits paid to or for members in previous yearUSD $ 5,956,945
Grants and similar amounts paid in current yearUSD $ 75,787
Grants and similar amounts paid in previous yearUSD $ 74,239
Total revenue in current fiscal yearUSD $ 61,722,513
Total revenue in previous fiscal yearUSD $ 55,312,889
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 724,991
2023-12-31
Total unrelated business incomeUSD $ 41,581
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 38,914,971
Program Service Revenue from current yearUSD $ 44,116,110
Investment Income from prior yearUSD $ 6,699,530
Investment Income from current yearUSD $ 11,726,929
Other Revenue from prior yearUSD $ 639,182
Other Revenue from current yearUSD $ -530,150
Gross receipts from all sourcesUSD $ 57,876,553
Net assets / fund balances at end of fiscal yearUSD $ 117,500,677
Net assets / fund balances at beginning of fiscal yearUSD $ 115,724,384
Total liabilities at end of fiscal yearUSD $ 921,574,747
Total liabilities at beginning of fiscal yearUSD $ 928,285,949
Total assets at end of fiscal yearUSD $ 1,039,075,424
Total assets at beginning of fiscal yearUSD $ 1,044,010,333
Revenues less expenses for current yearUSD $ 1,458,734
Revenues less expenses for previous yearUSD $ 5,487,047
Total expenses for current yearUSD $ 53,854,155
Total expenses for previous yearUSD $ 40,766,636
Other expenses in current yearUSD $ 26,541,225
Other expenses in previous yearUSD $ 17,902,997
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 21,281,746
Employee salary and benefits paid in previous yearUSD $ 20,136,207
Benefits paid to or for members in current yearUSD $ 5,956,945
Benefits paid to or for members in previous yearUSD $ 2,687,432
Grants and similar amounts paid in current yearUSD $ 74,239
Grants and similar amounts paid in previous yearUSD $ 40,000
Total revenue in current fiscal yearUSD $ 55,312,889
Total revenue in previous fiscal yearUSD $ 46,253,683
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 477,610
2022-12-31
Total unrelated business incomeUSD $ 54,135
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 39,416,309
Program Service Revenue from current yearUSD $ 38,914,971
Investment Income from prior yearUSD $ 25,384,257
Investment Income from current yearUSD $ 6,699,530
Other Revenue from prior yearUSD $ 498,300
Other Revenue from current yearUSD $ 639,182
Gross receipts from all sourcesUSD $ 48,685,702
Net assets / fund balances at end of fiscal yearUSD $ 115,724,384
Net assets / fund balances at beginning of fiscal yearUSD $ 137,988,641
Total liabilities at end of fiscal yearUSD $ 928,285,949
Total liabilities at beginning of fiscal yearUSD $ 929,938,876
Total assets at end of fiscal yearUSD $ 1,044,010,333
Total assets at beginning of fiscal yearUSD $ 1,067,927,517
Revenues less expenses for current yearUSD $ 5,487,047
Revenues less expenses for previous yearUSD $ 24,326,053
Total expenses for current yearUSD $ 40,766,636
Total expenses for previous yearUSD $ 40,972,813
Other expenses in current yearUSD $ 17,902,997
Other expenses in previous yearUSD $ 17,674,847
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 20,136,207
Employee salary and benefits paid in previous yearUSD $ 20,466,708
Benefits paid to or for members in current yearUSD $ 2,687,432
Benefits paid to or for members in previous yearUSD $ 2,784,258
Grants and similar amounts paid in current yearUSD $ 40,000
Grants and similar amounts paid in previous yearUSD $ 47,000
Total revenue in current fiscal yearUSD $ 46,253,683
Total revenue in previous fiscal yearUSD $ 65,298,866
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 1,533,225
2021-12-31
Total unrelated business incomeUSD $ 51,688
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 43,106,876
Program Service Revenue from current yearUSD $ 39,416,309
Investment Income from prior yearUSD $ 2,600,804
Investment Income from current yearUSD $ 25,384,257
Other Revenue from prior yearUSD $ 670,323
Other Revenue from current yearUSD $ 498,300
Gross receipts from all sourcesUSD $ 84,173,939
Net assets / fund balances at end of fiscal yearUSD $ 137,988,641
Net assets / fund balances at beginning of fiscal yearUSD $ 109,853,409
Total liabilities at end of fiscal yearUSD $ 929,938,876
Total liabilities at beginning of fiscal yearUSD $ 859,101,072
Total assets at end of fiscal yearUSD $ 1,067,927,517
Total assets at beginning of fiscal yearUSD $ 968,954,481
Revenues less expenses for current yearUSD $ 24,326,053
Revenues less expenses for previous yearUSD $ 434,548
Total expenses for current yearUSD $ 40,972,813
Total expenses for previous yearUSD $ 45,943,455
Other expenses in current yearUSD $ 17,674,847
Other expenses in previous yearUSD $ 22,563,412
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 20,466,708
Employee salary and benefits paid in previous yearUSD $ 19,345,359
Benefits paid to or for members in current yearUSD $ 2,784,258
Benefits paid to or for members in previous yearUSD $ 3,992,684
Grants and similar amounts paid in current yearUSD $ 47,000
Grants and similar amounts paid in previous yearUSD $ 42,000
Total revenue in current fiscal yearUSD $ 65,298,866
Total revenue in previous fiscal yearUSD $ 46,378,003
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 738,353
2020-12-31
Total unrelated business incomeUSD $ 52,155
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 47,682,219
Program Service Revenue from current yearUSD $ 43,106,876
Investment Income from prior yearUSD $ 3,036,858
Investment Income from current yearUSD $ 2,600,804
Other Revenue from prior yearUSD $ 821,209
Other Revenue from current yearUSD $ 670,323
Gross receipts from all sourcesUSD $ 68,089,084
Net assets / fund balances at end of fiscal yearUSD $ 109,853,409
Net assets / fund balances at beginning of fiscal yearUSD $ 107,844,265
Total liabilities at end of fiscal yearUSD $ 859,101,072
Total liabilities at beginning of fiscal yearUSD $ 741,238,299
Total assets at end of fiscal yearUSD $ 968,954,481
Total assets at beginning of fiscal yearUSD $ 849,082,564
Revenues less expenses for current yearUSD $ 434,548
Revenues less expenses for previous yearUSD $ 8,248,232
Total expenses for current yearUSD $ 45,943,455
Total expenses for previous yearUSD $ 43,292,054
Other expenses in current yearUSD $ 22,563,412
Other expenses in previous yearUSD $ 21,212,410
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 19,345,359
Employee salary and benefits paid in previous yearUSD $ 17,652,320
Benefits paid to or for members in current yearUSD $ 3,992,684
Benefits paid to or for members in previous yearUSD $ 4,380,324
Grants and similar amounts paid in current yearUSD $ 42,000
Grants and similar amounts paid in previous yearUSD $ 47,000
Total revenue in current fiscal yearUSD $ 46,378,003
Total revenue in previous fiscal yearUSD $ 51,540,286
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 416,944
2019-12-31
Total unrelated business incomeUSD $ 65,682
Net unrelated business incomeUSD $ -58,487
Program Service Revenue from prior yearUSD $ 47,923,882
Program Service Revenue from current yearUSD $ 47,682,219
Investment Income from prior yearUSD $ 3,101,219
Investment Income from current yearUSD $ 3,036,858
Other Revenue from prior yearUSD $ 1,771,961
Other Revenue from current yearUSD $ 821,209
Gross receipts from all sourcesUSD $ 53,925,246
Net assets / fund balances at end of fiscal yearUSD $ 107,844,265
Net assets / fund balances at beginning of fiscal yearUSD $ 103,738,444
Total liabilities at end of fiscal yearUSD $ 741,238,299
Total liabilities at beginning of fiscal yearUSD $ 735,926,991
Total assets at end of fiscal yearUSD $ 849,082,564
Total assets at beginning of fiscal yearUSD $ 839,665,435
Revenues less expenses for current yearUSD $ 8,248,232
Revenues less expenses for previous yearUSD $ 10,693,899
Total expenses for current yearUSD $ 43,292,054
Total expenses for previous yearUSD $ 42,103,163
Other expenses in current yearUSD $ 21,212,410
Other expenses in previous yearUSD $ 22,725,888
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 17,652,320
Employee salary and benefits paid in previous yearUSD $ 15,880,275
Benefits paid to or for members in current yearUSD $ 4,380,324
Benefits paid to or for members in previous yearUSD $ 3,497,000
Grants and similar amounts paid in current yearUSD $ 47,000
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 51,540,286
Total revenue in previous fiscal yearUSD $ 52,797,062
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 3,187
2018-12-31
Total unrelated business incomeUSD $ 90,117
Net unrelated business incomeUSD $ -78,929
Program Service Revenue from prior yearUSD $ 47,189,170
Program Service Revenue from current yearUSD $ 47,923,882
Investment Income from prior yearUSD $ 2,445,761
Investment Income from current yearUSD $ 3,101,219
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 1,771,961
Gross receipts from all sourcesUSD $ 54,291,397
Net assets / fund balances at end of fiscal yearUSD $ 103,738,444
Net assets / fund balances at beginning of fiscal yearUSD $ 91,781,331
Total liabilities at end of fiscal yearUSD $ 735,926,991
Total liabilities at beginning of fiscal yearUSD $ 771,449,427
Total assets at end of fiscal yearUSD $ 839,665,435
Total assets at beginning of fiscal yearUSD $ 863,230,758
Revenues less expenses for current yearUSD $ 10,693,899
Revenues less expenses for previous yearUSD $ -4,788,381
Total expenses for current yearUSD $ 42,103,163
Total expenses for previous yearUSD $ 54,423,312
Other expenses in current yearUSD $ 22,725,888
Other expenses in previous yearUSD $ 39,816,135
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 15,880,275
Employee salary and benefits paid in previous yearUSD $ 14,607,177
Benefits paid to or for members in current yearUSD $ 3,497,000
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 52,797,062
Total revenue in previous fiscal yearUSD $ 49,634,931
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 729,397
2017-12-31
Total unrelated business incomeUSD $ 124,219
Net unrelated business incomeUSD $ -89,914
Program Service Revenue from prior yearUSD $ 45,588,557
Program Service Revenue from current yearUSD $ 47,189,170
Investment Income from prior yearUSD $ 1,735,711
Investment Income from current yearUSD $ 2,445,761
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 49,707,730
Net assets / fund balances at end of fiscal yearUSD $ 91,781,331
Net assets / fund balances at beginning of fiscal yearUSD $ 93,819,534
Total liabilities at end of fiscal yearUSD $ 771,449,427
Total liabilities at beginning of fiscal yearUSD $ 750,094,137
Total assets at end of fiscal yearUSD $ 863,230,758
Total assets at beginning of fiscal yearUSD $ 843,913,671
Revenues less expenses for current yearUSD $ -4,788,381
Revenues less expenses for previous yearUSD $ 8,101,340
Total expenses for current yearUSD $ 54,423,312
Total expenses for previous yearUSD $ 39,222,928
Other expenses in current yearUSD $ 39,816,135
Other expenses in previous yearUSD $ 25,288,874
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 14,607,177
Employee salary and benefits paid in previous yearUSD $ 13,934,054
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 49,634,931
Total revenue in previous fiscal yearUSD $ 47,324,268
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2016-12-31
Total unrelated business incomeUSD $ 127,661
Net unrelated business incomeUSD $ -91,382
Program Service Revenue from prior yearUSD $ 43,275,795
Program Service Revenue from current yearUSD $ 45,588,557
Investment Income from prior yearUSD $ 1,809,731
Investment Income from current yearUSD $ 1,735,711
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 50,730,201
Net assets / fund balances at end of fiscal yearUSD $ 93,819,534
Net assets / fund balances at beginning of fiscal yearUSD $ 90,333,926
Total liabilities at end of fiscal yearUSD $ 750,094,137
Total liabilities at beginning of fiscal yearUSD $ 721,616,001
Total assets at end of fiscal yearUSD $ 843,913,671
Total assets at beginning of fiscal yearUSD $ 811,949,927
Revenues less expenses for current yearUSD $ 8,101,340
Revenues less expenses for previous yearUSD $ 15,210,260
Total expenses for current yearUSD $ 39,222,928
Total expenses for previous yearUSD $ 29,875,266
Other expenses in current yearUSD $ 25,288,874
Other expenses in previous yearUSD $ 18,156,532
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 13,934,054
Employee salary and benefits paid in previous yearUSD $ 11,718,734
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 47,324,268
Total revenue in previous fiscal yearUSD $ 45,085,526
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2015-12-31
Total unrelated business incomeUSD $ 131,520
Net unrelated business incomeUSD $ -76,737
Program Service Revenue from prior yearUSD $ 36,976,876
Program Service Revenue from current yearUSD $ 43,275,795
Investment Income from prior yearUSD $ 3,300,230
Investment Income from current yearUSD $ 1,809,731
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 45,235,526
Net assets / fund balances at end of fiscal yearUSD $ 90,333,926
Net assets / fund balances at beginning of fiscal yearUSD $ 78,325,437
Total liabilities at end of fiscal yearUSD $ 721,616,001
Total liabilities at beginning of fiscal yearUSD $ 630,690,261
Total assets at end of fiscal yearUSD $ 811,949,927
Total assets at beginning of fiscal yearUSD $ 709,015,698
Revenues less expenses for current yearUSD $ 15,210,260
Revenues less expenses for previous yearUSD $ 12,224,541
Total expenses for current yearUSD $ 29,875,266
Total expenses for previous yearUSD $ 28,052,565
Other expenses in current yearUSD $ 18,156,532
Other expenses in previous yearUSD $ 17,250,179
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 11,718,734
Employee salary and benefits paid in previous yearUSD $ 10,802,386
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 45,085,526
Total revenue in previous fiscal yearUSD $ 40,277,106
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0

Other Company Names associated with EIN

CLIFTON LARSON ALLEN, LLP

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 741200165

USA Mailing Address
610 E 11TH STREET
AUSTIN
TX
78701
Date first seen: 2007-01-01
Date last seen: 2025-08-31
USA Mailing Address
P O BOX 1089
AUSTIN
TX
78767
Date first seen: 2007-01-01
Date last seen: 2026-01-08
USA Location Address
610 EAST 11TH STREET
AUSTIN
TX
78767
Date first seen: 2007-01-01
Date last seen: 2025-06-30
USA Location Address
610 E 11TH ST
AUSTIN
TX
78701
Date first seen: 2007-01-01
Date last seen: 2025-08-31
USA Mailing Address
POST OFFICE BOX 1089
AUSTIN
TX
787671089
Date first seen: 2018-05-14
Date last seen: 2025-06-16
USA Mailing Address
4515 SETON CENTER PARKWAY
AUSTIN
TX
78759
Date first seen: 2008-01-01
Date last seen: 2026-01-06
USA Mailing Address
610 EAST 11TH STREET
AUSTIN
TX
78701
Date first seen: 2007-01-01
Date last seen: 2025-10-02

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The following companies are located in the same ZIP code areas:

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