Velocity Credit Union
The mission of Velocity Credit Union is to provide our members personalized service and unique value as their local banking alternative.
Velocity Credit Union at a glance
In short: Velocity Credit Union reported $32K in grants paid in 2025 (a total; its filing lists no individual grants). Source: 2025 IRS Form 990.
- Grants paid (2025)
- $32,373 — reported as a total on the IRS filing, without an itemized list
- +526.2% vs 2024
- Total assets
- $1,067,403,243
- +3.8% vs 2024
- Revenue (2025)
- $63,950,131
- +3.6% vs 2024
- Net investment income (2025)
- $12,054,236
- +10.0% vs 2024
- Expenses (2025)
- $63,004,133
- +6.3% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Velocity Credit Union funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2025, annual grant giving ranged from $5K (2024) to $32K (2025). In 2025 it reported $32K in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Austin Habitat for Humanity Austin, TX | General Operating Support | $5,170 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $1,067,403,243 | $63,950,131 | $63,004,133 | $32,373 | Total only | $12,054,236 |
| 2024 | $1,028,360,466 | $61,722,513 | $59,293,381 | $5,170 | 1 | $10,955,317 |
| 2023 | $1,039,075,424 | $55,312,889 | $53,854,155 | $10,000 | 1 | $11,726,929 |
| 2022 | $1,044,010,333 | $46,253,683 | $40,766,636 | — | — | $6,699,530 |
| 2021 | $1,067,927,517 | $65,298,866 | $40,972,813 | — | — | $25,384,257 |
| 2020 | $968,954,481 | $46,378,003 | $45,943,455 | — | — | $2,600,804 |
| 2019 | $849,082,564 | $51,540,286 | $43,292,054 | — | — | $3,036,858 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Velocity Credit Union
Based on IRS filings
Velocity Credit Union is a public charity, based in Austin, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.1B in total assets. In 2025, it reported $32K in grants paid as a total on its IRS filing, without an itemized list. Net investment income was $12.1M.
Leadership & Key People
Officers and directors from IRS filings
Velocity Credit Union is led by Deborah Mitchell, President & CEO on every filing since 2022; all 18 officers listed in 2025 are compensated.
Officers on the 2025 filing
Deborah Mitchell
President & CEO
On filings since 2022
40 hrs/week
$887K (2022) → $1.1M (2025)
Kasha Bartholomew
Chairperson
1st Vice Chair → Chairperson, 2022
On filings since 2019
2 hrs/week
$8K (2019) → $14K (2025)
John Chomout
Director
Vice Chairperson → 1st Vice Chair, 2023
1st Vice Chair → Director, 2024
On filings since 2019
2 hrs/week
$10K (2019) → $14K (2025)
Mary Paredes
Director
On filings since 2019
2 hrs/week
$9K (2019) → $14K (2025)
Doug Skolaut
Director
On filings since 2023
2 hrs/week
$9K (2023) → $14K (2025)
Mike Summers
Director
New on the 2025 filing
2 hrs/week
$1K (2025)
Cheri Hall
Senior Vice President of Human Resources
Senior Vice President Human Resou → Senior Vice President Human Resources, 2022
Senior Vice President Human Resources → Senior Vice President of Human Resources, 2023
On filings since 2019
40 hrs/week
$206K (2019) → $249K (2025)
Daniel Penberg
CIO
Senior Vice President It → CIO, 2021
On filings since 2019
40 hrs/week
$217K (2019) → $287K (2025)
Kim Schaefer
Senior Vice President & Member Services
Senior Vice President Member Services → Senior Vice President & Member Services, 2025
On filings since 2019
40 hrs/week
$192K (2019) → $256K (2025)
Thomas Matthews
2nd Vice Chair
2nd Vice Chair → Director, 2022
Director → 2nd Vice Chair, 2023
On filings since 2019
2 hrs/week
$8K (2019) → $14K (2025)
Lindsey J. Putman
Secretary & Treasurer
Director → Secretary & Treasurer, 2022
On filings since 2020
2 hrs/week
$9K (2020) → $14K (2025)
Robert Cole
Chief Experience Officer
Senior Vice President of Digital & Remote Strategy → Senior Vice President of Digital & Remote, 2024
Senior Vice President of Digital & Remote → Chief Experience Officer, 2025
On filings since 2021
40 hrs/week
$187K (2021) → $263K (2025)
Eric Wise
1st Vice Chair
Director → 1st Vice Chair, 2024
On filings since 2022
2 hrs/week
$3K (2022) → $14K (2025)
James Brown
Executive Vice President & Clo
On filings since 2022
40 hrs/week
$151K (2022) → $408K (2025)
Lindsey Record
Vice President Mortgage Lending
On filings since 2022
40 hrs/week
$193K (2022) → $214K (2025)
Austin Ahlrich
COO
Senior Vice President of Operations → COO, 2025
On filings since 2023
40 hrs/week
$200K (2023) → $294K (2025)
Chris Clark
CFO
On filings since 2024
40 hrs/week
$215K (2024) → $261K (2025)
Alan Nykiel
Senior Vice President of Marketing
New on the 2025 filing
40 hrs/week
$235K (2025)
Former officers (11)
- Former: James Chapman (2019–2023) — Director
- Former: Lisa Back (2019–2023) — Executive Vice President & CFO
- Former: Barbara Carol Cain (2020–2023) — Senior Vice President of Marketing
- Former: John Ross (2019–2022) — Director
- Former: Xavier Zarate (2019–2022) — Director
- Former: Debbie Mitchell (2019–2021) — President & CEO
- Former: Jack Jordan (2019–2021) — Executive Vice President & COO
- Former: Greg Shaver (2021) — Clo
- Former: Carl Lynch (2019–2020) — Director
- Former: Felix Gonzalez (2019–2020) — Senior Vice President Lending
- Former: Carol Cain (2019) — Senior Vice President Marketing
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $1.1M, to Deborah Mitchell (President/CEO). 18 officers or directors reported compensation on that filing.
Frequently asked questions about Velocity Credit Union
How much does Velocity Credit Union give each year?
Velocity Credit Union reported $32K in grants paid in 2025 on its 2025 IRS Form 990, as a total without an itemized list of grants. In 2024 it gave $5K across 1 grant.
How large is Velocity Credit Union?
Velocity Credit Union reported $1.1B in total assets on its 2025 IRS Form 990. Its revenue that year was $64.0M.
Where does Velocity Credit Union operate?
Velocity Credit Union has awarded grants in Texas.
What is Velocity Credit Union's EIN?
Velocity Credit Union's EIN (Employer Identification Number) is 74-1200165. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2023 (received by the IRS August 23, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS June 16, 2025)
- Added Form 990 for fiscal year 2019 (received by the IRS May 7, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS May 6, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Velocity Credit Union's focus areas in our free grants database
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Figures come from Velocity Credit Union's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Velocity Credit Union down — hundreds of funders to go?