VELOCITY COMMUNITY

PO BOX 30669
Palm Beach Gard, FL 33420

 

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 12458
Date Established 1958
Assets $360.18 million
Loans $176.88 million
Deposits $316.03 million
Capital $42.81 million

Velocity Community is an NCUA insured institution located in Palm Beach Gard, FL. It was founded in 1958 and has approximately $360.18 millions in assets.

Who can join?

As a community-chartered credit union, you can apply for membership if you:
• Live in Palm Beach County
• Work in Palm Beach County
• Worship in Palm Beach County
• Volunteer in Palm Beach County
• Attend school in Palm Beach County
• Have family member who is eligible for membership

Field of Membership Restrictions

Membership is open to those who live, work, worship, volunteer or attend school in Palm Beach County or have family eligible for membership.

Deposit Rates - September 14, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.25% $2,500 $9,999 Learn MoreShow Less
Money Market
0.25% $10,000 $24,999 Learn MoreShow Less
Money Market
0.25% $25,000 $74,999 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
2.00% $1,000 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
1.70% $1,000 - Learn MoreShow Less
12 Mo CD
2.00% $1,000 - Learn MoreShow Less
18 Mo CD
2.10% $1,000 - Learn MoreShow Less
24 Mo CD
2.15% $5,000 - Learn MoreShow Less
30 Mo CD
2.15% $5,000 - Learn MoreShow Less
36 Mo CD
2.20% $5,000 - Learn MoreShow Less
48 Mo CD
2.25% $5,000 - Learn MoreShow Less
60 Mo CD
2.30% $5,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.25% $1 $2,499 Learn MoreShow Less

Loan Rates - September 14, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for VELOCITY COMMUNITY

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.751% 3.750% 0.00 $25 $1,158 Learn More

Featured - Virginia 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

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



Branches

Below are Velocity Community 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:
Ashburn,Virginia


Velocity Community Locations


Financial Details

Velocity Community Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Velocity Community. 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 Community U.S. Average
6.32% 6.77

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 March 31, 2019, Velocity Community had $2,756,613 in non-current loans and $17,107 in owned assets. To cover these potential losses it had $42,805,025 in net worth and $1,072,675 in loans loss reserves. That gives it a Texas Ratio of 6.32%.

Net Worth
Velocity Community U.S. Average
11.88% 13.47%

Velocity Community FCU has a net worth of 11.88% versus the BestCashCow average of 13.47. 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 Community

Branches and Savings

What is Velocity Community?

A federal credit union, registered with the NCUA under certificate #12458.
Learn more about credit unions here.

Is Velocity Community 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 Community?

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

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

Velocity Community'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 Community?

Velocity Community has total capital of $42.81 million. Full information on Velocity Community's financial position is located above.

Who owns Velocity Community?

Credit Unions are owned by their members.

Where are Velocity Community branches located?

See branch locations nearby.

Are Velocity Community ATMs Open 24/7?

Do Velocity Community ATMs accept cash deposits?

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

Does Velocity Community have a mobile app?

Does Velocity Community have mobile deposit?

Does Velocity Community have quick pay?

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

Does Velocity Community report to credit bureaus?

Does Velocity Community use Chexsystems?

Does Velocity Community use Equifax?

What is Velocity Community's toll free phone number?

What is Velocity Community's ACH Routing Number?

What is Velocity Community's SWIFT code?

Where can I find Velocity Community's wire transfer form?

What is the Velocity Community address for deposits?

What Products Does Velocity Community Offer

Does Velocity Community offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Velocity Community offer auto and RV loans?

Compare auto loan rates here.

Does Velocity Community offer student loans or personal loans?

Compare personal loan rates here.

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