CSCharityScored
90

Velocity Credit Union

Other · Austin, Texas

Po Box 1089, Austin, TX 78767-1089

EIN: 741200165· Founded: Jan 1960· 66 years active· Filing Year: 2023

Annual Revenue

$55.3M

Total Expenses

$53.9M

Total Assets

$1.0B

Program Spending

82%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$2.3M

4.3% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$14.5M

Total Payroll

$16.8M

31% of total expenses

Where the Money Goes

82%
Programs: 82%
Payroll: 31%
Other overhead: 18%
Program Revenue$44.1M (80%)
Total Expenses$53.9M (97%)
Payroll$16.8M (31%)
Overhead (non-program)18%

Trust Score Breakdown

Program Spending Ratio

82% of expenses go to programs

40%

Revenue & Stability

$55.3M annual revenue

15%

Executive Compensation

$2.3M total officer comp (4.3% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$1.0B in assets

10%

Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.