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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 2020. Filed on May 14, 2021.

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 2020 IRS Form 990 filing, Velocity Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 8 out of 263 total employees. Among the employees shown here, the average compensation is $328,806. The highest compensated employee at Velocity Credit Union is Debbie Mitchell with fiscal year 2020 compensation of $930,238.

Revenue, expenses, and employee compensation

Revenue

$46,378,003

Expenses

$45,943,455

Employee compensation

$19,345,359
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Debbie Mitchell
President and Chief Executive Officer
$930,238
$909,301 No related comp$20,937
Lisa Back
Executive Vice President and Chief Financial Officer
$347,467
$326,129 No related comp$21,338
Jack Jordan
Executive Vice President and Chief Operating Officer
$346,213
$327,635 No related comp$18,578
Daniel Penberg
Senior Vice President IT
$227,947
$211,898 No related comp$16,049
Barbara Carol Cain
Senior Vice President, Marketing
$206,062
$186,627 No related comp$19,435
Felix Gonzalez
Senior Vice President, Lending
$203,148
$181,495 No related comp$21,653
Cheri Hall
SR Vice-Pres. Human Resource
$201,202
$185,402 No related comp$15,800
Kim Schaefer
Senior Vice President Member Services
$168,174
$155,072 No related comp$13,102

Benchmark Employee Compensation

Non-Employee Board Members

Thomas Matthews
Second Vice Chair
$13,980
$13,980 No related compNo other comp
James Chapman
Chair
$13,400
$13,400 No related compNo other comp
Xavier Zarate
Director
$12,100
$12,100 No related compNo other comp
Kasha Bartholomew
First Vice Chair
$12,100
$12,100 No related compNo other comp
John Chomout
Secretary and Treasurer
$10,600
$10,600 No related compNo other comp
John Ross
Director
$10,600
$10,600 No related compNo other comp
Mary Paredes
Director
$10,600
$10,600 No related compNo other comp
Lindsey J Putman
Director
$9,100
$9,100 No related compNo other comp
Carl Lynch
Director
$2,250
$2,250 No related compNo other comp

Contractors

Austin Canyon Corporation
Construction
$5,354,764
Fis
Card Processing
$1,495,076
Mastercard
Card Issuer
$1,239,345
Q2 Software
Online Banking
$1,036,885
Pscu
Card Processing
$1,024,314

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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