ZUnclassifiedEIN: 741200165· Ruling Year: 1960

Velocity Credit Union

Austin, Texas

BHealth Score
59B

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Above Average

How This Organization Compares

Compared to 111 peers in Unclassified with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org2.18×
Peer Median5.86×
💰
$55.3M
Total Revenue
📊
$53.9M
Total Expenses
🏦
$117.5M
Net Assets
📋
$921.6M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+19.6%
Year-over-year change (2022 → 2023)
Net Margin
+2.6%
Revenue minus expenses as % of revenue
Working Capital Ratio
2.18
Net assets divided by total expenses
Liabilities-to-Assets
88.7%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$55,312,88920%$53,854,15532%$1,039,075,424
2022$46,253,68329%$40,766,6361%$1,044,010,3332%
2021$65,298,86641%$40,972,81311%$1,067,927,51710%
2020$46,378,00310%$45,943,4556%$968,954,48114%
2019$51,540,2862%$43,292,0543%$849,082,5641%
2018$52,797,0626%$42,103,16323%$839,665,4353%
2017$49,634,9315%$54,423,31239%$863,230,7582%
2016$47,324,2685%$39,222,92831%$843,913,6714%
2015$45,085,52612%$29,875,2666%$811,949,92715%
2014$40,277,10613%$28,052,5654%$709,015,6986%
2013$35,776,8464%$26,980,5647%$667,810,8864%
2012$34,500,3471%$29,144,2675%$640,246,6744%
2011$35,013,083$27,750,267$613,123,173

Frequently Asked Questions

What does Velocity Credit Union do?

Velocity Credit Union is a unclassified nonprofit organization based in Texas. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Velocity Credit Union financially healthy?

Based on our 9-metric Financial Health Score model, Velocity Credit Union has a score of 59/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Velocity Credit Union generate?

Velocity Credit Union reports $61.7M in annual revenue and holds $1.0B in total assets, based on IRS filings.

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