Velocity Credit Union

About Velocity Credit Union

Velocity Credit Union Location

P.O. Box 1089
Austin, TX 78767

Phone: (512) 225-9196
Website: www.velocitycu.com
Routing/Transit Number: Not Available

Velocity Credit Union Information

Velocity Credit Union of Austin, TX is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 85748 members and assets of $458,556,907, as compared to the national average of $93 million dollars of assets per credit union. Velocity Credit Union, first opened in 1947 and has been in operation since then. Additionally, Velocity Credit Union has 170 full time employees and 15 part time employees, or 463.502702703 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that Velocity Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. Velocity Credit Union is a not-for-profit, cooperative, tax-exempt organization.