VELOCITY

P.O. Box 1089
Austin, TX 78767

Notable Rates APY Vs.Others
Savings 0.20% 2.25% →
1-Year CD 1.82% 2.25% →
2-Year CD 1.71% 2.50% →
5-Year CD 2.42% 3.25% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Credit Union Information

Velocity is an NCUA insured institution located in Austin, TX. It was founded in 1947 and has approximately $847.94 millions in assets.

Who can join?

There are multiple ways you can join Velocity:

If you live or work in the following areas:
Within a 10-mile radius of any Velocity branch or ATM
Travis County
Williamson County
Hays County
Bastrop County
Caldwell County

If you are related to a member.

If you are part of one of over 100 sponsoring employers and organizations

NCUA Insured Yes
Charter Number # # 68359
Date Established 1947
Assets $847.94 million
Loans $627.57 million
Deposits $710.30 million
Capital $121.08 million
 

Field of Membership Restrictions

Membership in Velocity Credit Union is open anyone through joining the the Paramount Theatre Association. Membership is also open to those who live or work in the Texas counties of Bastrop, Caldwell, Hays, Travis, or Williamson, or within a 10-mile radius of any Velocity branch or ATM.

Deposit Rates - December 14, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.30% $2,000 $19,999 Learn MoreShow Less
Money Market
0.30% $20,000 $49,999 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
1.56% $1,000 $9,999,999 Learn MoreShow Less
Fixed IRA
1.71% $1,000 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.30% $1,000 $19,999 Learn MoreShow Less
3 Mo CD
0.40% $90,000 - Learn MoreShow Less
6 Mo CD
0.95% $1,000 $19,999 Learn MoreShow Less
6 Mo CD
1.16% $90,000 - Learn MoreShow Less
1.46% $1,000 $89,999 Learn MoreShow Less
12 Mo CD
1.82% $90,000 - Learn MoreShow Less
1.56% $1,000 $9,999,999 Learn MoreShow Less
18 Mo CD
1.61% $1,000 - Learn MoreShow Less
1.66% $1,000 $9,999,999 Learn MoreShow Less
24 Mo CD
1.71% $1,000 - Learn MoreShow Less
1.71% $1,000 $9,999,999 Learn MoreShow Less
30 Mo CD
1.81% $1,000 - Learn MoreShow Less
1.81% $1,000 $9,999,999 Learn MoreShow Less
36 Mo CD
2.02% $1,000 - Learn MoreShow Less
2.02% $1,000 $9,999,999 Learn MoreShow Less
48 Mo CD
2.22% $1,000 - Learn MoreShow Less
2.22% $1,000 $9,999,999 Learn MoreShow Less
60 Mo CD
2.42% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.30% $1 $1,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $500 - Learn MoreShow Less

Loan Rates - December 14, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for VELOCITY

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.919% 4.875% 0.00 $1,250 $1,324 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.625% 3.625% -0.13 ($222) $1,141 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.034% 4.990% 0.00 $1,250 $1,341 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
5.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info

Note to VELOCITY
To upload and update your bank's rates please register. It is free to register and add rates.



Branches

Below are Velocity branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Velocity Locations


Financial Details

Velocity Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Velocity. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Velocity U.S. Average
19.89% 5.86

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2019, Velocity had $25,642,250 in non-current loans and $656,270 in owned assets. To cover these potential losses it had $121,079,476 in net worth and $11,120,778 in loans loss reserves. That gives it a Texas Ratio of 19.89%.

Net Worth
Velocity U.S. Average
14.27% 13.65%

Velocity FCU has a net worth of 14.27% versus the BestCashCow average of 13.65. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Velocity

Branches and Savings

What is Velocity?

A federal credit union, registered with the NCUA under certificate #68359.
Learn more about credit unions here.

Is Velocity FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Velocity?

Please see Field of Membership information above for information on who is eligible to join.

What are Velocity's share account and share certificate rates?

Velocity's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Velocity?

Velocity has total capital of $121.08 million. Full information on Velocity's financial position is located above.

Who owns Velocity?

Credit Unions are owned by their members.

Where are Velocity branches located?

See branch locations nearby.

Are Velocity ATMs Open 24/7?

Do Velocity ATMs accept cash deposits?

Can Velocity customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Velocity have a mobile app?

Does Velocity have mobile deposit?

Does Velocity have quick pay?

How can Velocity transfer money to other banks or credit unions?

Does Velocity report to credit bureaus?

Does Velocity use Chexsystems?

Does Velocity use Equifax?

What is Velocity's toll free phone number?

What is Velocity's ACH Routing Number?

What is Velocity's SWIFT code?

Where can I find Velocity's wire transfer form?

What is the Velocity address for deposits?

What Products Does Velocity Offer

Does Velocity offer mortgages?

Compare mortgage rates here.

Does Velocity offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Velocity offer auto and RV loans?

Compare auto loan rates here.

Does Velocity offer student loans or personal loans?

Compare personal loan rates here.

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