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

Introduction

Welcome to Velocity, your trusted partner in financial services since 1947! Located at 1201 W Braker Ln, Austin, TX 78758, we take pride in offering personalized banking solutions tailored to meet the needs of our 76,922 members. With a total asset base of over $1 billion (specifically, $1,030,172,313) and robust total deposits of $95,185,676, we are committed to ensuring your financial success and security. At Velocity, we understand that every member's journey is unique. That's why our team, led by CEO Debbie Mitchell and Board President Kasha Bartholomew, works tirelessly to provide a range of services from personal banking and auto loans to business banking solutions. With a strong net worth of $154,057,049 and cash in hand amounting to $8,646,456, you can trust that your finances are in safe hands. Our branch is equipped with modern conveniences like online and mobile banking options, making it easier than ever for you to manage your accounts anytime and anywhere. While members can visit us at our Austin location for all their banking needs, official correspondence should be sent to our mailing address: P.O. Box 1089, Austin, TX 78767. We invite you to connect with us today! Whether you're looking for a new loan or seeking advice on managing your savings better, don't hesitate to reach out at 512-469-7000. Come experience the difference with Velocity where community matters!

Branch History & Mission

Community Engagement

Velocity is not just about banking; it's about building relationships. We actively engage with local organizations and initiatives that align with our mission of supporting the community. Through various outreach programs and partnerships, we strive to uplift those around us while providing financial education that empowers our members. In addition to traditional banking services like checking accounts and loans, we offer modern conveniences such as online banking and mobile payments. These innovations ensure that banking with us is not only straightforward but also tailored to fit your lifestyle.

Join Us

We invite you to become part of the Velocity family! Experience firsthand how we can help you achieve your financial goals while being an integral part of a supportive community. Visit us today at our North Austin Branch or explore more about us online at velocitycu.com. Together, let's build a brighter financial future!

Our Mission

Velocity's mission is simple yet powerful: to improve the financial well-being of our members and support the communities we serve. We believe that everyone deserves access to quality financial products and services. Whether it's helping you secure an auto loan or guiding you through mortgage options, our goal is to make your financial journey smooth and successful. While members can visit us at 1201 W Braker Ln for all their banking needs, official correspondence should be sent to P.O. Box 1089, Austin, TX 78767. Our branch operates with convenient hours Drive-thru banking is open Monday through Friday from 7:30 AM to 6 PM and Saturdays from 9 AM to 2 PM. The lobby hours are slightly different; we welcome you on Mondays and Fridays from 9 AM to 6 PM and Tuesday through Thursday from 9 AM to 5 PM.

Branch Location & Accessibility

Convenient Access and Amenities

At Velocity, we prioritize your convenience. Our branch offers ample parking for members visiting us, and features such as ADA compliance ensure that everyone can access our services comfortably. If you need to grab cash or make a quick deposit, our ATM is available on-site for your ease. Plus, enjoy the convenience of drive-thru banking for simple transactions without leaving your vehicle.

Operating Hours Tailored to You

We understand that life can be busy, which is why our operating hours are designed to fit your schedule. The lobby is open Monday and Friday from 9 AM to 6 PM, and Tuesday through Thursday from 9 AM to 5 PM. On Saturdays, we welcome you from 9 AM to 2 PM perfect for those weekend errands! If you're in a rush during weekdays, our drive-thru service operates Monday through Friday from 7:30 AM to 6 PM and Saturday from 9 AM to 2 PM.

Visit Us Today!

While members can visit us at 1201 W Braker Ln, official correspondence should be sent to P.O. Box 1089, Austin, TX 78767 if different needs arise. Have questions? Don't hesitate to give us a call at 512-469-7000. We invite you to experience the friendly service and dedication of our team at Velocity Credit Union. Come see how we can help with everything from personal banking and auto loans to credit cards with rewards!

Member Eligibility

At Velocity, we believe that everyone deserves a place in our community, and becoming a member is your first step towards enjoying a range of financial services designed with you in mind. If you're looking to join us, you'll be pleased to know that eligibility is open to anyone who lives, works, or worships in the area surrounding our branch at 1201 W Braker Ln Austin Tx 78758. This means that whether you're a local resident or part of the vibrant workforce here, you're welcome to become part of our family. Joining Velocity comes with fantastic benefits like personalized banking services, competitive rates on loans and savings accounts, and access to online and mobile banking for added convenience. It's easy to get started! You can find more detailed eligibility criteria at . And when you're ready to open an account, just visit us online at https://olb.velocitycu.com/velocitycreditunion_e2e/enroll.html or give us a call at (512) 469-7000. We can't wait to welcome you into our community!

Business Banking & Commercial Services

Loan Options That Fuel Growth

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 That Make Life Easier

In addition to loans, we provide merchant services that simplify transactions for your customers. Imagine having the ability to accept payments seamlessly, whether in-store or online. Our merchant services empower you to focus on what you do best running your business while we handle the payment processing. Visit us at 1201 W Braker Ln Austin Tx 78758 in Austin, TX, or call us at (512) 469-7000 to learn more about how we can help your business thrive!

Comprehensive List Of Services

Convenient Access Anytime

With our focus on convenience, Velocity offers robust online and mobile banking platforms that allow you to manage your accounts anytime, anywhere. You can easily set up automatic payments, view statements electronically, and even make person-to-person payments without any hassle.

Financing Your Dreams

If you're in the market for a new car or need some extra cash for personal projects, our Auto Loans & Vehicle Financing options offer competitive rates that can help make those dreams a reality. Additionally, our Personal Loans & Debt Consolidation services can assist in managing existing debts more effectively.

Home Sweet Home

Thinking about buying a house? Our Mortgage Loans & Refinancing services are designed to guide you through one of life's biggest purchases. We work closely with you to find the right mortgage solution that fits your budget and lifestyle.

In-Person Support When You Need It

While we emphasize digital convenience, we also recognize the importance of personal touch in banking. Our lobby hours are designed to fit your schedule open Monday and Friday until 6 PM, and 5 PM on Tuesday through Thursday ensuring you have time to visit us when needed. If you're pressed for time, take advantage of our drive-thru service for quick deposits or withdrawals. At Velocity, we believe banking should be accessible and supportive. If you're ready to explore all these services further or have questions about how they can benefit you personally, feel free to reach out at 512-469-7000 or visit us online at Velocity Credit Union. Join us today and experience financial services tailored just for you!

Personal Banking Made Easy

For those looking to manage their day-to-day finances, our Personal Banking options include both checking and savings accounts that come with user-friendly online and mobile banking features. Imagine having the ability to check your balance or transfer funds from the comfort of your home or on the go. Our ATM & Cash Withdrawal Services also ensure that you have easy access to your money whenever you need it.

Rewarding Credit Options

When it comes to credit cards, we offer options with rewards that make every purchase more beneficial. Whether you're using it for everyday expenses or special occasions, earning rewards can help you get more value out of your spending.

Supporting Local Businesses

For entrepreneurs and business owners, our Business Banking solutions provide essential tools such as Merchant Services and Business Loans. We understand the unique challenges faced by local businesses and strive to offer personalized services that help them thrive.

Digital & Online Banking

At Velocity, we understand that your time is valuable. That's why our digital and online banking services are designed to offer you convenience and security, allowing you to manage your finances on your terms. Whether you're at home, at work, or on the go, our online platform and mobile app make banking easy. With 24/7 online banking available at https://www.velocitycu.com/, you can access your accounts anytime, anywhere. Our user-friendly interface lets you check balances, transfer funds, and pay bills with just a few clicks. You can also enjoy the peace of mind that comes with our electronic signature authorization feature, making it simple to sign documents securely without the hassle of printing or faxing. We know that keeping track of your finances is important. That's why we offer e-statements for all members. You can receive your monthly statements electronically, helping you stay organized while reducing paper clutter. Plus, if you ever need to send money quickly to a friend or family member, our person-to-person transfer feature has you covered. For those who prefer using their smartphones, our mobile application provides all these features right at your fingertips. You can also take advantage of mobile payments, making transactions as easy as tapping your phone. At Velocity, we prioritize security in every aspect of our digital services. Your information is protected with advanced encryption technology so that you can bank confidently without worrying about safety. In short, our digital and online banking services empower you to take control of your financial life with ease and security. Join us today at https://www.velocitycu.com/ and experience the modern way to manage your money!

Financial Strength

Comprehensive Lending Options

We understand the importance of accessible lending solutions. With $11,659 in used auto loans and a total of $603,574,293 in loans and leases, our lending capacity supports various member needs across different sectors. Our operational efficiency is reflected in our net income of $0, 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 and committed team.

Growing Membership Base

Total Share Accounts stand at 128,930, showing a strong and growing member base that trusts us with their finances. This growth reflects the confidence you place in us as your credit union. 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 1201 W Braker Ln Austin Tx 78758 or call 512-469-7000 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings

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.

Reinvestment in Community

With $146,836,250 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. This approach enables us to support your financial goals effectively.

Solid Financial Foundation

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 net worth ratio of 1485 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

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 cater to both new and used vehicle purchases with competitive rates and flexible terms that fit your budget.

Business Loans

For business owners, our outstanding commercial loans totaling $133,708 provide the capital needed to grow and expand. If you're looking to invest in your business or cover operational costs, our team can assist you in finding the right financing solution.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We currently offer Junior Lien 1-4 Family Residential Properties loans totaling $82,890,801. Whether you're looking to purchase your first home or refinance an existing loan for better terms, our team is here to guide you through the process.

Refinancing Options

If you're considering refinancing any of your existing loans for better rates or terms, we can help you explore your options. Our financial experts will work with you to determine eligibility and find a plan that suits your needs. At Velocity located at 1201 W Braker Ln Austin TX 78758, we pride ourselves on offering personalized service and understanding your unique financial situation. For inquiries or assistance with any of our loan products, please feel free to reach out to us at 512-469-7000. 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 toward achieving your financial goals!

Unsecured Credit Card Loans

We also provide flexible terms on unsecured credit card loans, with a total of $30,847,836 in loans helping members manage their finances effectively. This option allows you to handle unexpected expenses without the need for collateral.

Loan Aggregator

Benefits of Using LendMesh

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How LendMesh Ensures Accurate Loan Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov), ensuring fair and transparent offers. This commitment to accuracy means users can trust the information they receive when comparing loans.

Velocity