Compensation 990

Velocity Credit Union

Fiscal year ending 2024. Filed on June 16, 2025.

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 2024 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 250 total employees. Among the employees shown here, the average compensation is $363,487. The highest compensated employee at Velocity Credit Union is Deborah Mitchell with fiscal year 2024 compensation of $1,041,539.

Revenue, expenses, and employee compensation

Revenue

$61,722,513

Expenses

$59,293,381

Employee compensation

$22,743,354
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋1.9%vs 2023
Deborah Mitchell
President and Chief Executive Officer
$1,041,539
$1,018,731 from orgNo related comp$22,808 other
＋8.7%vs 2023
James Brown
Evp/Clo
$433,649
$395,710 from orgNo related comp$37,939 other
＋4.2%vs 2023
Daniel Penberg
Chief Information Officer
$310,087
$272,898 from orgNo related comp$37,189 other
＋10.2%vs 2023
Cheri Hall
Senior Vice President, Human Resources
$271,039
$238,052 from orgNo related comp$32,987 other
＋18.3%vs 2023
Robert Cole
Senior Vice President of Digital and Remote
$266,014
$242,166 from orgNo related comp$23,848 other
＋14.1%vs 2023
Austin Ahlrich
Senior Vice President, Operations
$254,720
$229,428 from orgNo related comp$25,292 other
＋4.0%vs 2023
Lindsey Record
Vice President, Mortgage Lending
$239,680
$222,704 from orgNo related comp$16,976 other
New in 2024
Chris Clark
Chief Financial Officer
$233,369
$215,186 from orgNo related comp$18,183 other
＋31.6%vs 2020
Kim Schaefer
Senior Vice President Member Services
$221,282
$206,220 from orgNo related comp$15,062 other

Non-Employee Board Members

＋24.2%vs 2023
Kasha Bartholomew
Chair
$14,955
$14,955 from orgNo related compNo other comp
＋26.7%vs 2023
Lindsey J Putman
Secretary and Treasurer
$14,724
$14,724 from orgNo related compNo other comp
＋15.7%vs 2023
Mary Paredes
Director
$14,135
$14,135 from orgNo related compNo other comp
＋46.1%vs 2023
Doug Skolaut
Director
$12,540
$12,540 from orgNo related compNo other comp
＋6.5%vs 2023
Thomas Matthews
Second Vice Chair
$11,799
$11,799 from orgNo related compNo other comp
－19.8%vs 2023
Eric Wise
First Vice Chair
$11,641
$11,641 from orgNo related compNo other comp
－0.6%vs 2023
John Chomout
Director
$11,541
$11,541 from orgNo related compNo other comp

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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