NonprofitsVelocity Credit Union

Velocity Credit Union

AUSTIN, TX

Total revenue

$61.7M

Total expenses

$59.3M

Net assets

$127.4M

Grants received

EIN

741200165

Tax year

2024

Mission

To provide the best programs to meet the financial needs of our members.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$51.1M
Investment income$11.0M
Other revenue
Total revenue$61.7M

Expenses

Grants paid$76K
Salaries & benefits$22.7M
Fundraising
Other expenses$28.0M
Total expenses$59.3M
Total assets$1.0B
Net assets$127.4M

People

16 listed

NameRoleCompensation

DEBORAH MITCHELL

PRESIDENT/CEO

Board

$1.0M

40 hrs/wk

JAMES BROWN

EVP/CLO

Board

$396K

40 hrs/wk

DANIEL PENBERG

CIO

Board

$273K

40 hrs/wk

CHRIS CLARK

CFO

Board

$215K

40 hrs/wk

KASHA BARTHOLOMEW

CHAIRPERSON

Board

$15K

2 hrs/wk

LINDSEY J PUTMAN

SECRETARY/TREASURER

Board

$15K

2 hrs/wk

MARY PAREDES

DIRECTOR

Board

$14K

2 hrs/wk

DOUG SKOLAUT

DIRECTOR

Board

$13K

2 hrs/wk

THOMAS MATTHEWS

2ND VICE CHAIR

Board

$12K

2 hrs/wk

ERIC WISE

1ST VICE CHAIR

Board

$12K

2 hrs/wk

JOHN CHOMOUT

DIRECTOR

Board

$12K

2 hrs/wk

ROBERT COLE

SR. VP OF DIGITAL & REMOTE

Staff

$242K

40 hrs/wk

CHERI HALL

SR. VP OF HUMAN RESOURCES

Staff

$238K

40 hrs/wk

AUSTIN AHLRICH

SR. VP OF OPERATIONS

Staff

$229K

40 hrs/wk

LINDSEY RECORD

VP MORTGAGE LENDING

Staff

$223K

40 hrs/wk

KIM SCHAEFER

SR VICE PRES. MEMBER SERVICES

Staff

$206K

40 hrs/wk

Independent contractors

PSCU INCORPORATED

DEBIT/CREDIT CARD SERVICES

$2.5M

MASTERCARD

CARD & DEBIT CARD PAYMENT SERVICER

$1.6M

FISERV INC

CORE PROCESSOR

$1.4M

Q2 SOFTWARE

ONLINE BANKING SERVICES

$1.1M

INEAPPLE CORP

IT NETWORK CONSULTING SERVICES

$503K

Details

EIN741200165
Subsection14
Ruling date1960-01
Formed1947
Employees250
Volunteers7
VELOCITY CREDIT UNION — Mission, Financials & Grants Received | Grantivo