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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 2021. Filed on April 29, 2022.

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 2021 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 270 total employees. Among the employees shown here, the average compensation is $364,427. The highest compensated employee at Velocity Credit Union is Debbie Mitchell with fiscal year 2021 compensation of $954,106.

Revenue, expenses, and employee compensation

Revenue

$65,298,866

Expenses

$40,972,813

Employee compensation

$20,466,708
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Debbie Mitchell
President and Chief Executive Officer
$954,106
$925,375 No related comp$28,731
Jack Jordan
Executive Vice President and Chief Operating Officer
$451,097
$423,373 No related comp$27,724
Lisa Back
Executive Vice President and Chief Financial Officer
$370,690
$350,071 No related comp$20,619
Daniel Penberg
Chief Information Officer
$266,206
$241,075 No related comp$25,131
Greg Shaver
CLO
$232,637
$221,034 No related comp$11,603
Barbara Carol Cain
Senior Vice President, Marketing
$215,450
$200,164 No related comp$15,286
Cheri Hall
SR Vice-Pres. Human Resou
$215,387
$198,718 No related comp$16,669
Robert Cole
SR Vice-Pres. Digital and Remote Strategies
$209,845
$187,484 No related comp$22,361

Benchmark Employee Compensation

Non-Employee Board Members

James Chapman
Chair
$14,546
$14,546 No related compNo other comp
Lindsey J Putman
Director
$10,923
$10,923 No related compNo other comp
Mary Paredes
Director
$10,907
$10,907 No related compNo other comp
Kasha Bartholomew
First Vice Chair
$10,853
$10,853 No related compNo other comp
Xavier Zarate
Director
$10,851
$10,851 No related compNo other comp
John Chomout
Secretary and Treasurer
$10,801
$10,801 No related compNo other comp
Thomas Matthews
Second Vice Chair
$10,784
$10,784 No related compNo other comp
John Ross
Director
$9,940
$9,940 No related compNo other comp

Contractors

Pscu
Card Processing
$1,775,221
Mastercard
Card Issuer
$1,304,316
Fiserv Inc.
Technology
$1,267,437
Austin Canyon Corporation
Construction
$1,152,395
Q2 Software Inc.
Online Banking
$835,602

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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