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.

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.

Business accounts and services:

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.

  • 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. See below for required documentation and then stop by any branch today to get started!

Find your type of business below:

Documentation to open a business account (for all business accounts:)

  • Velocity agreement for business accounts
  • Business account authorization resolution
  • plus...

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

Follow Us on Twitter

  • @Velocityaustin
    Monday is Memorial Day! Even though we're closed, our online services are always open.
Read More

Email News & Updates