Velocity Credit Union

Velocity Credit Union (VCU) is a full-service, member-owned financial cooperative serving five counties and more than 70,000 people in central Texas.

History:
In 1947, a handful of employees working for the City of Austin each put a few dollars together to form Austin Municipal Federal Credit Union as a way to provide coworkers and their families an option outside the traditional banking system more focused on their needs.

The organization continued to grow over the years, changing from a federal to a state government charter � and becoming Austin Municipal Financial Credit Union in the process. Then, in 2003, the group�s membership expanded availability to anyone living or working in the counties surrounding Austin, which led to the adoption of a the current name, Velocity Credit Union.

Products and Services:
The following products and services are being offered by the credit union:

Free and Dividend-earning Checking
Savings Accounts and Money Markets
Business Checking and Lending
Online Banking
Home, Car, and Personal Loans
Financial Planning and Investments
Automobile Sales
Student Accounts and Financial Education

Organizational Structure:
The organization is set up to produce in financial independence in its members through the values of cooperation, independence, and not-for-profit status. The seven-member board of directors works with the executive leadership to ensure the widest range of services are provided to meet accountholders� changing needs. This attention to detail has led to asset growth surpassing $515 million for the 70,000 members who choose to do their banking at VCU.
Contact Details:
If you would like to know more about Velocity Credit Union, inquire by phone or mail at:
Velocity Credit Union
PO Box 1089
Austin, TX 78767-1089
Toll Free: (800) 933-2029
Local: (512) 469-7000

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Last Updated on : 27th June 2013

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