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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Velocity Credit Union

Velocity Credit Union

Fiscal year ending 2017. Filed on May 14, 2018.

Post Office Box 1089
Austin, Texas 78767

Velocity Credit Union (EIN: 74-1200165) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2017 IRS Form 990 filing, Velocity Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 11 out of 282 total employees. Among the employees shown here, the average compensation is $202,637. The highest compensated employee at Velocity Credit Union is Debbie Mitchell with fiscal year 2017 compensation of $425,004.

Revenue, expenses, and employee compensation

Revenue

$49,634,931

Expenses

$54,423,312

Employee compensation

$14,607,177
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Debbie Mitchell
President and Chief Executive Officer
$425,004
$406,488 No related comp$18,516
Jack Jordan
Chief Operating Officer
$255,267
$224,502 No related comp$30,765
Lisa Back
Chief Financial Officer
$243,907
$227,593 No related comp$16,314
Lindsey Putman
Former SR Vice-Pres. RISK Manage
$214,434
$210,114 No related comp$4,320
Felix Gonzalez
Senior Vice President, Lending
$200,726
$173,911 No related comp$26,815
Carol Cain
Senior Vice President, Marketing
$168,583
$154,857 No related comp$13,726
Cheri Hall
SR Vice-Pres. Human Resou
$168,578
$154,852 No related comp$13,726
Jose Luis Baralt
Senior Vice President Retail Delivery
$158,753
$131,640 No related comp$27,113
Daniel Penberg
Senior Vice President I.T
$157,328
$138,489 No related comp$18,839
John Paul Sayers
Former SR Vice-Pres. IT
$123,646
$117,166 No related comp$6,480
Cheryl Blanco
Former SR Vice-Pres. Branch SERV
$112,782
$104,270 No related comp$8,512

Benchmark Employee Compensation

Non-Employee Board Members

James Chapman
Second Vice Chair
$5,448
$5,448 No related compNo other comp
Thomas Matthews
First Vice Chair
$2,548
$2,548 No related compNo other comp
Mary Paredes
Director
$1,298
$1,298 No related compNo other comp
John Chomout
Secretary and Treasurer
$1,242
$1,242 No related compNo other comp
Carl Lynch
Chair
$1,112
$1,112 No related compNo other comp
John Ross
Director
$358
$358 No related compNo other comp
Kasha Bartholomew
Director
$272
$272 No related compNo other comp

Contractors

Fis
Card Vendor
$2,282,418
Mastercard
Card Issuer
$1,092,505
Q2 Software Inc.
Online Banking Software
$779,904
Maxwell Dodge
Indirect Auto Dealer
$719,564
South Point Hyundai
Indirect Auto Dealer
$465,844

Mission Statement

THE MISSION OF VELOCITY CREDIT UNION IS TO PROVIDE OUR MEMBERS PERSONALIZED SERVICE AND UNIQUE VALUE AS THEIR LOCAL BANKING ALTERNATIVE.

Revisions to this organization profile

June 16, 2025:
2024 Velocity Credit Union 990 filed
August 23, 2024:
2023 Velocity Credit Union 990 filed
May 1, 2023:
2022 Velocity Credit Union 990 filed

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