Velocity Credit Union
Austin, Texas
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Above Average
How This Organization Compares
Compared to 111 peers in Unclassified with $10M-$100M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $55,312,889↑20% | $53,854,155↑32% | $1,039,075,424 | — |
| 2022 | $46,253,683↓29% | $40,766,636↓1% | $1,044,010,333↓2% | — |
| 2021 | $65,298,866↑41% | $40,972,813↓11% | $1,067,927,517↑10% | — |
| 2020 | $46,378,003↓10% | $45,943,455↑6% | $968,954,481↑14% | — |
| 2019 | $51,540,286↓2% | $43,292,054↑3% | $849,082,564↑1% | — |
| 2018 | $52,797,062↑6% | $42,103,163↓23% | $839,665,435↓3% | — |
| 2017 | $49,634,931↑5% | $54,423,312↑39% | $863,230,758↑2% | — |
| 2016 | $47,324,268↑5% | $39,222,928↑31% | $843,913,671↑4% | — |
| 2015 | $45,085,526↑12% | $29,875,266↑6% | $811,949,927↑15% | — |
| 2014 | $40,277,106↑13% | $28,052,565↑4% | $709,015,698↑6% | — |
| 2013 | $35,776,846↑4% | $26,980,564↓7% | $667,810,886↑4% | — |
| 2012 | $34,500,347↓1% | $29,144,267↑5% | $640,246,674↑4% | — |
| 2011 | $35,013,083 | $27,750,267 | $613,123,173 | — |
Frequently Asked Questions
What does Velocity Credit Union do?▼
Velocity Credit Union is a unclassified nonprofit organization based in Texas. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Velocity Credit Union financially healthy?▼
Based on our 9-metric Financial Health Score model, Velocity Credit Union has a score of 59/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Velocity Credit Union generate?▼
Velocity Credit Union reports $61.7M in annual revenue and holds $1.0B in total assets, based on IRS filings.
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