Velocity Credit Union Austin TX | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to Velocity, your trusted financial partner located at 705 E 12Th St, Austin, TX 78701. Since our establishment in 1947, we have been committed to serving our community with integrity and care. As a member-focused credit union, we pride ourselves on providing personalized banking solutions tailored to your unique needs. With a total membership of 76,922 and assets exceeding $1,030,172,313, we are dedicated to helping you achieve your financial goals. At Velocity, we offer a variety of services designed for individuals and businesses alike ranging from checking and savings accounts to auto loans, mortgages, personal loans, and business banking solutions. With over 213 dedicated employees ready to assist you and the latest in online and mobile banking technology, managing your finances has never been easier. While members can visit us at our branch for direct service or inquiries, please note that official correspondence should be directed to our mailing address: P.O. Box 1089, Austin, TX 78767. Our commitment extends beyond just providing financial services; we strive to make a positive impact in the lives of our members and the broader Austin community. Under the leadership of CEO Debbie Mitchell and Board President Kasha Bartholomew, we continuously seek ways to enhance our offerings while maintaining a strong focus on member satisfaction. With a net worth of $154,057,049 and cash reserves of $8,646,456, you can trust that your finances are in capable hands. Ready to start your journey with us? Whether you're looking for guidance on a new loan or simply want to explore how we can help you save more effectively, don't hesitate to reach out! Call us today at 512-469-7000 or visit our website at Velocity Credit Union for more information about our services and how we can support your financial aspirations.

Branch History & Mission

Community Commitment

In addition to financial services, we actively engage with local organizations and initiatives that make Austin a better place to live. Whether it's supporting educational programs or participating in community events, we believe in giving back because your success is our success.

Join Us!

As we look toward the future, we invite you to be part of our journey at Velocity Credit Union. Experience personalized service that puts you first, backed by years of expertise and a deep-rooted commitment to serving Austin. Visit us today or contact us at 512-469-7000 to learn how you can benefit from becoming a member. Together, let's build a brighter financial future!

Our Journey

Our journey began at 705 E 12th St in Austin, where we opened our doors with the goal of empowering individuals and families through accessible banking solutions. Over the years, we've adapted to meet the changing needs of our members while embracing technological advancements that enhance their banking experience. From introducing online and mobile banking services to expanding our range of loans and credit options, we are dedicated to making banking easier and more convenient. While members can visit us at our branch address, official correspondence should be sent to P.O. Box 1089, Austin, TX 78767. This ensures that all communications are handled promptly and efficiently.

Our Mission

At the heart of Velocity Credit Union is a clear mission: to improve the financial well-being of our members and support the local community. We offer a variety of services including checking and savings accounts, auto loans, mortgage financing, personal loans, and business banking solutions. Our focus is not just on numbers; it's about building relationships and fostering growth within our community. We recognize the importance of accessibility for all. That's why we ensure ADA compliance across our branch facilities and offer essential services like drive-thru banking for quick transactions. We also provide ATM access for ease of withdrawals and balance checks anytime.

Branch Location & Accessibility

Accessibility and Parking

We understand how important accessibility is for our members. Our branch features ADA-compliant facilities, including ramps and accessible entrances, ensuring everyone can visit us with ease. Ample parking is available nearby, so you can stop by without any hassle.

Get in Touch

If you have any questions or need assistance, feel free to give us a call at 512-469-7000. We're here to help! While members can visit us at our physical location, please note that official correspondence should be sent to our mailing address: P.O. Box 1089, Austin, TX 78767. Come visit us today at the Velocity Downtown Branch we're excited to serve you!

Operating Hours

At Velocity, we value your time. Our lobby hours are crafted to fit your busy schedule open Monday and Friday from 9 AM to 6 PM, and Tuesday through Thursday from 9 AM to 5 PM. Need to make a quick transaction? Our drive-thru service operates Monday through Friday from 7:30 AM to 6 PM and on Saturdays from 9 AM to 2 PM.

Services Offered

When you visit us, you'll find a range of services tailored to meet your financial needs. From personal banking options like checking and savings accounts to auto loans and credit cards with rewards, we have something for everyone. Plus, our ATM is readily available for quick cash withdrawals and balance checks.

Member Eligibility

At Velocity, we believe that becoming a member is like joining a family that truly cares about your financial well-being. If you live, work, worship, or attend school in the vibrant community around 705 E 12Th St Austin Tx 78701, you may be eligible to join us. We welcome everyone who shares our values and is ready to take advantage of the personalized services we offer. As a member, you'll enjoy benefits such as lower loan rates, higher savings yields, and a supportive environment where your financial goals matter. Joining is easy! You can start the process by visiting our website at https://olb.velocitycu.com/velocitycreditunion_e2e/enroll.html or give us a call at (512) 469-7000 if you have any questions. For more detailed information on eligibility criteria, please check out our resource page at . We can't wait to welcome you to the Velocity family!

Business Banking & Commercial Services

Commercial Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $2 in commercial loans for our members, helping businesses scale and succeed. - With an outstanding commercial loan portfolio of $133,708, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

Imagine being able to accept payments seamlessly while focusing on what you do best running your business. Our merchant services are designed to make transactions easier and more efficient, so you can serve your customers better. From point-of-sale systems to online payment solutions, we provide the tools you need to thrive. Visit us at 705 E 12Th St Austin Tx 78701 in Austin, TX, or call us at (512) 469-7000 to learn how we can help your business grow!

Comprehensive List Of Services

Business Banking Options

For our business members, we provide comprehensive Business Banking solutions including Merchant Services & Business Loans. We understand the challenges small businesses face and are here to help you thrive by offering financial products tailored specifically for you.

Call Us Today!

Whether you're looking for personal banking solutions or business services, Velocity is here for you! For more information about any of these services or to speak with a member of our team, give us a call at 512-469-7000. We look forward to helping you achieve all of your financial goals! Visit us online at velocitycu.com for additional details and resources.

Credit Cards with Benefits

Don't forget about our Credit Cards with Rewards! These cards not only help you build credit but also offer cashback and other perks for everyday purchases. It's like getting rewarded just for spending!

Digital Banking Convenience

In today's fast-paced world, convenience is key. That's why we prioritize features like Online & Mobile Banking, allowing you to manage your finances anytime and anywhere. With easy-to-use interfaces, you can pay bills, transfer money, and monitor your account all from your smartphone or computer. Additionally, our ATM & Cash Withdrawal Services ensure that accessing your money is straightforward whether it's through our ATM or at our drive-thru service for basic transactions.

Financial Support When You Need It

Life can be unpredictable, which is why having access to funds through Personal Loans & Debt Consolidation is crucial. Whether you need extra cash for an emergency or want to consolidate debt into manageable payments, we're ready to work with you on finding a solution that fits your budget.

Home Ownership Made Easy

Thinking about buying a home? Our Mortgage Loans & Refinancing services can help you navigate the home-buying process with confidence. We're here to assist you every step of the way, whether you're a first-time buyer or looking to refinance an existing mortgage for better terms.

Personal Banking Solutions

When it comes to managing your money, we understand that everyone has unique needs. That's why we offer Personal Banking options such as Checking and Savings Accounts. Whether you're saving for a vacation or managing day-to-day expenses, our accounts come with easy online access and competitive interest rates. Imagine easily checking your balance or transferring funds right from your mobile device. For those considering major purchases, our Auto Loans & Vehicle Financing make it simple to drive away in the car of your dreams. With flexible terms and competitive rates, financing your vehicle has never been easier. You can apply online or visit us in person to discuss your options.

Digital & Online Banking

Mobile Payments Made Easy

Gone are the days of fumbling for cash or cards. Our mobile payments feature lets you make quick purchases directly from your phone. This means less hassle and more time enjoying what matters most in life. At Velocity, we believe that managing your finances should be straightforward and stress-free. Our comprehensive suite of digital banking services ensures that you're always in control of your money whenever and wherever you need it. Experience the ease of online banking today!

Secure Transactions

Security is a top priority for us. With electronic signature authorization available at Velocity, you can confidently complete transactions without worrying about safety. We also provide e-statements for added convenience, so you can view your account statements electronically whenever you need them.

Financial Strength

At Velocity, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. With a net worth of $154,057,049, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our commitment to transparency means you can trust that your money is in good hands. Our net worth ratio of 14.85% demonstrates a solid capital foundation. This ensures that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. We believe that a strong financial base allows us to focus on what matters most: our members' needs. Members' savings are secured through $135,504,325 in share certificates and $202,175,901 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $146,836,250 in undivided earnings, we reinvest in innovative banking tools and stronger lending options to serve our members better. Our lending capacity supports your financial goals across various sectors with $11,659 in used auto loans and an impressive $603,574,293 in total loans and leases. Our operational efficiency is reflected in our $0 net income, which allows us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 209 full-time employees and 4 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Net Shares (Funds available for lending and investments): $0. Total Share and Deposit Accounts: 128,930, showing a strong and growing member base that trusts us with their finances. For more insights about our performance metrics and financial data sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Velocity is your trusted partner. Visit us at 705 E 12Th St Austin TX 78701 or call 512-469-7000 to learn more about how we can help you achieve your financial goals.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $265,045,368 in used vehicle loans and $124,315,090 in new vehicle loans already helping members get on the road. We provide flexible terms and competitive interest rates so that you can drive away with confidence.

Business Financing

For business owners, our outstanding commercial loans totaling $133,708 provide the capital needed to grow and expand. We understand the challenges faced by small businesses and are committed to offering support through tailored financial solutions.

Credit Cards and Personal Loans

We also offer flexible terms on unsecured credit card loans, with a total of $30,847,836 in loans helping members manage their finances effectively. Our credit cards come with rewards that can benefit your everyday spending. Plus, if you're considering debt consolidation or personal loans for any purpose, we're ready to help you find the right solution.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Properties loans totaling $82,890,801, making it easier than ever to secure a home loan that fits your budget and lifestyle. Whether you're a first-time buyer or looking to refinance an existing mortgage, our team is here to guide you through the process.

Refinancing Options

If you're looking to lower your monthly payments or access cash from your home equity, we have refinancing options available that could save you money in the long run. Talk to our experts about eligibility and how we can assist you in making the best financial decisions for your situation. You can reach us at 512-469-7000 for more information on any of our loan products or visit us online at Velocity Credit Union. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Let us help you take the next step towards achieving your financial aspirations!

Loan Aggregator

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Velocity