Velocity Credit Union
THE MISSION OF VELOCITY CREDIT UNION IS TO PROVIDE OUR MEMBERS PERSONALIZED SERVICE AND UNIQUE VALUE AS THEIR LOCAL BANKING ALTERNATIVE.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$1.0B
-1.0% YoY
Annual Giving
$5K
-48.3% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$5K
-48.3% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,028,360,466 | $1,039,075,424 | $1,044,010,333 |
| Revenue | $61,722,513 | $55,312,889 | $46,253,683 |
| Expenses | $59,293,381 | $53,854,155 | $40,766,636 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $10,955,317 | $11,726,929 | $6,699,530 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Velocity Credit Union fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LINDSEY J PUTMAN | SECRETARY/TREASURER | 2 | $14,724 |
| KASHA BARTHOLOMEW | CHAIRPERSON | 2 | $14,955 |
| ERIC WISE | 1ST VICE CHAIR | 2 | $11,641 |
| THOMAS MATTHEWS | 2ND VICE CHAIR | 2 | $11,799 |
| JOHN CHOMOUT | DIRECTOR | 2 | $11,541 |
| MARY PAREDES | DIRECTOR | 2 | $14,135 |
| DOUG SKOLAUT | DIRECTOR | 2 | $12,540 |
| DEBORAH MITCHELL | PRESIDENT/CEO | 40 | $1,018,731 |
| JAMES BROWN | EVP/CLO | 40 | $395,710 |
| DANIEL PENBERG | CIO | 40 | $272,898 |
| CHRIS CLARK | CFO | 40 | $215,186 |
| AUSTIN AHLRICH | SR. VP OF OPERATIONS | 40 | $229,428 |
| ROBERT COLE | SR. VP OF DIGITAL & REMOTE | 40 | $242,166 |
| CHERI HALL | SR. VP OF HUMAN RESOURCES | 40 | $238,052 |
| LINDSEY RECORD | VP MORTGAGE LENDING | 40 | $222,704 |
| KIM SCHAEFER | SR VICE PRES. MEMBER SERVICES | 40 | $206,220 |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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