Join in person or online, you're eligible to be a member if you live anywhere in our five-county area. Start by opening a share account, which is a regular savings account. Deposit and maintain a $5 balance, which will keep your membership active, and then you may open other accounts or apply for a loan.
It only takes about 10 minutes to open your account online, so get started today.
Account Switch Checklist
Review monthly statements
List auto-drafts, direct deposits and outstanding transactions
Update automatic drafts.
Change of automatic payment (draft).
Change of Automatic Payment (draft) form
Update and inform direct depositors.
If you have direct deposit set up with your current financial institution, fill out the Change of Direct Deposit form and turn it in to your employer to have your direct deposit sent to your new Velocity account. Includes payroll departments, government agencies, and pension providers.
Change of Direct Deposit form
Close your other accounts.
Ensure outstanding transactions clear prior to account closure. Send Account Closure Request. Select "Checking and Savings" and then "Switch Kit"
Account Closure form
Get More Forms
Credit Union Overview
Established in 1947, Velocity is one of Austin's most trusted financial institutions. Velocity has built a loyal following of over 80,000 members throughout the area, with a history of offering some of the best loan and interest rates in the country.
It's not for our profit, but for yours. Velocity Credit Union is a not-for-profit organization. Any profits we make go right back to our members in the form of lower fees and better interest rates. In fact, we don't charge fees for many of the services that banks typically do.
Enjoy full-service banking. Velocity is like a bank, only better. Velocity offers all the services that you will find at any bank, with the exception of hidden fees and charges. Whether you need to open a checking account, get a loan, or sit down with a financial planner to discuss your specific goals, Velocity has the team to take care of all your financial needs.
And your money is secure at Velocity Credit Union. The National Credit Union Administration (NCUA) insures member accounts up to $250,000. You can find Velocity Credit Union throughout the Austin area and you can bank online from virtually anywhere.