Business

Are you a local business? So are we!

We got started as a local business in 1947 and the credit union has been a part of the Austin community for 65 years. Here at Velocity, you'll find fewer or lower fees for your business accounts than you'll see at banks.

As a member of Velocity, you can expect your banking experience with us to be unique and personalized. We provide essential financial products and technology for our members, and we do it with just the right mix of friendliness and professionalism.

We offer a menu of flexible business accounts and services:

  • Two types of checking accounts
  • Savings accounts
  • Merchant card services
  • Business debit cards
  • Safe deposit boxes
  • Night depository services
  • Coin exchange

Any business or association located in the five-county area is eligible to become a Velocity member.

In addition, as a Velocity business member, your employees will also be eligible for membership. In fact, we'll even come out and talk to your employees about the benefits of a credit union, how they can switch, and we can customize free financial education workshops for them.

We offer a host of services designed to fit your business needs — whatever they might be. Find out more about how Velocity can take care of your business today.

Here's some information on what type of documentation is generally required for business accounts:

For all business accounts

  • Velocity agreement for business accounts
  • Business account authorization resolution

Find your type of business below:

Unincorporated Association

  • Charter Bylaws or Letter of Purpose
  • Copy of the most recent annual meeting minutes
  • IRS Employer Identification Number
  • Government ID and Social Security number for signers

Sole Proprietorship

  • Assumed Name Certificate (if applicable)
  • IRS Employer Identification Number (if applicable)
  • Government ID and Social Security number for signers

General Partnership

  • Assumed Name Certificate
  • Partnership Agreement (if applicable)
  • IRS Employer Identification Number
  • Government ID and Social Security number for signers

Limited Partnership

  • Assumed Name Certificate or Certificate of Formation from Secretary of State
  • Partnership Agreement (if applicable)
  • IRS Employer Identification Number
  • Government ID and Social Security number for signers

Limited Liability Partnership

  • Partnership Registry from Secretary of State
  • Partnership Agreement (if applicable)
  • IRS Employer Identification Number
  • Government ID and Social Security number for signers

Limited Liability Company

  • Certificate of Formation from Secretary of State
  • Operating Agreement
  • IRS Employer Identification Number (if applicable)
  • Government ID and Social Security number for signers

Corporation S

  • Certificate of Formation from Secretary of State
  • Articles of Incorporation
  • Annual Meeting Minutes
  • IRS Employer Identification Number (if applicable)
  • Government ID and Social Security number for signers

Corporation C and 501 (c) (3)

  • Requires documentation review to determine membership eligibility
  • Certificate of Formation from Secretary of State
  • Articles of Incorporation
  • Annual Meeting Minutes
  • IRS Employer Identification Number (if applicable)
  • Government ID and Social Security number for signers