Membership & Eligibility
Benefits of Membership

When you join Velocity Credit Union, you become a member and owner of one of the largest and strongest financial institutions in Texas. You gain access to some of the most up-to-date and money-saving services you will find anywhere.

It's like a bank, only better.

Velocity offers all the accounts and services you will find at any bank, but we will help save hundreds of dollars every year.

And your money is secure at Velocity. The National Credit Union Administration (NCUA) insures member accounts up to $250,000.

To join Velocity Credit Union, all you need to do is open a Savings Account with a $5 deposit. This is your Share account. The $5 must stay in your account to keep your membership active. The same day you join, you can take advantage of all the other accounts and services we offer.

Here are some additional benefits of membership:
  • Velocity is owned by its members. Instead of paying stockholders, our earnings are returned to our members in the form of lower fees, better interest rates and improved services. Lower overhead means lower rates.
  • Velocity is non-profit, and can offer lower rates on loans, higher rates on savings and investment accounts, and lower fees across the board.
  • Velocity has been in Austin since 1947, and we are still 100% local. Our employees are dedicated to the idea that they are here for one reason: to help you improve your financial life. We want to be your resource for complete financial information, and to help you find the right product or service to meet your financial needs.