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 · View filing
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
About Velocity Credit Union
Based on IRS filings
Velocity Credit Union is a nonprofit organization, based in AUSTIN, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0B in total assets. In 2024, it awarded 1 grants totaling $5K. Net investment income was $11.0M.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
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 .
Leadership & 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 |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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