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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 2023. Filed on August 23, 2024.

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 2023 IRS Form 990 filing, Velocity Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 9 out of 261 total employees. Among the employees shown here, the average compensation is $378,984. The highest compensated employee at Velocity Credit Union is Deborah Mitchell with fiscal year 2023 compensation of $1,022,076.

Revenue, expenses, and employee compensation

Revenue

$55,312,889

Expenses

$53,854,155

Employee compensation

$21,281,746
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Deborah Mitchell
President and Chief Executive Officer
$1,022,076
$1,000,973 No related comp$21,103
Lisa Back
Evp/Cfo (Left 4/25/23)
$524,352
$515,938 No related comp$8,414
James Brown
Evp/Clo
$398,874
$375,132 No related comp$23,742
Daniel Penberg
Chief Information Officer
$297,456
$262,736 No related comp$34,720
Cheri Hall
Senior Vice President, Human Resources
$246,041
$226,968 No related comp$19,073
Barbara Carol Cain
Senior Vice President of Marketing
$243,603
$227,771 No related comp$15,832
Lindsey Record
Vice President, Mortgage Lending
$230,444
$222,708 No related comp$7,736
Robert Cole
Senior Vice President of Digital and Remote Strategy
$224,791
$209,055 No related comp$15,736
Austin Ahlrich
Senior Vice President, Operations
$223,223
$200,041 No related comp$23,182

Benchmark Employee Compensation

Non-Employee Board Members

Eric Wise
Director
$14,514
$14,514 No related compNo other comp
Mary Paredes
Director
$12,217
$12,217 No related compNo other comp
Kasha Bartholomew
Chair
$12,045
$12,045 No related compNo other comp
Lindsey J Putman
Secretary and Treasurer
$11,620
$11,620 No related compNo other comp
John Chomout
First Vice Chair
$11,612
$11,612 No related compNo other comp
Thomas Matthews
Second Vice Chair
$11,076
$11,076 No related compNo other comp
Doug Skolaut
Director
$8,583
$8,583 No related compNo other comp
James Chapman
Director (Left 4/1/23)
$3,034
$3,034 No related compNo other comp

Contractors

Pscu Incorporated
Card Processing
$2,671,937
Mastercard
Card Issuer
$1,201,103
Q2 Software
Online Banking
$989,999
Fiserv Inc.
Core Processor
$899,358
Ineapple Corp.
Technology
$460,030

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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