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. We understand that in today's world, having a reliable financial partner is essential. That's why we are proud to share our strong financial position with you. With a
net worth of $154,057,049, we maintain robust financial health, allowing us to offer better rates, lower fees, and enhanced member services. This solid foundation is supported by our
net worth ratio of $1,485, which ensures that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. 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. Our commitment to serving you is further reflected in our
$146,836,250 in undivided earnings. We reinvest these funds into innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. With
$11,659 in used auto loans and
$603,574,293 in total loans and leases, our lending capacity supports your financial goals across various sectors. Despite facing challenges, our operational efficiency shines through with a
net income of $0, allowing us to keep offering competitive loan rates and solid financial products tailored for you. We also take pride in having
209 full-time employees and
4 part-time employees who are dedicated to ensuring your experience with us is nothing short of excellent. Net Shares available for lending and investments stand at
$0. Moreover, our total share accounts have reached an impressive count of
128,930, showcasing a strong and growing member base that trusts us with their finances. 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 4515 Seton Center Pkwy Austin Tx 78759 or call (512) 469-7000 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at:
https://www.ncua.gov, based on the latest results.
