Velocity Credit Union is a full-service financial institution that provides our community unique value through a personalized local banking alternative.
The credit union was originally chartered in 1947 to serve the City of Austin employees, and was then known as Austin Municipal Federal Credit Union. In 1998, we changed from a federal to a state charter, and changed our name to Austin Metropolitan Financial Credit Union (AMFCU) to better reflect the changes in our membership.
In January 2003, we changed our name to Velocity Credit Union. We took all the good things about AMFCU and added a more open membership to create a credit union with new energy and purpose. You can count on us to continually provide you with a full array of financial products and services to meet your needs now and in the coming years as your needs change.
Today, we're one of the largest and strongest financial institutions in the state of Texas. We have over $800 million in assets, and serve more than 75,000 members.
Our community charter is open to anyone that lives or works in the five county area (Travis, Hays, Williamson, Bastrop, Caldwell).
Furthermore, we are committed to the long-established ideals of the Credit Union Movement: cooperation, self-help, independence, and non-profit operation. These ideals are put into action in many ways, every business day, to meet the wants and needs of today's Credit Union members. We count on our members to be active participants in the cooperative. And we will remain dedicated to meeting these needs for decades to come.
A credit union is a cooperative financial institution, owned and governed by its members. Credit unions are not-for-profit, and exist to provide a safe, convenient place for members to save money and get loans at reasonable rates.
Velocity Credit Union is one of more than 10,000 credit unions throughout the United States who serve their membership with low-cost loans and a variety of financial services. More than 70 million people in the United States are credit union members, and the numbers are growing rapidly. Members quickly learn that handling their finances is less expensive, and service more personal than at other types of financial institutions. Credit unions have been rated number one in customer satisfaction among financial institutions for over 13 years by the American Banker Newspaper's annual customer satisfaction survey.