Velocity Credit Union was originally chartered in 1947 to serve the City of Austin employees, and was originally known as Austin Municipal Federal Credit Union. In 1998, we changed from a federal to a state charter, and changed our name to Austin Metropolitan Financial Credit Union (AMFCU) to better reflect the changes in our membership.

In January 2003, we changed our name to Velocity Credit Union. We've taken all the good things about AMFCU and added new and exciting services to create a credit union with new energy and determination. You can count on us to continually provide you with the best financial tools and products to meet your needs today and tomorrow.

Today, Velocity Credit Union is one of the largest and strongest financial institutions in the state of Texas. We have almost $300 million in assets, and serve over 55,000 members and 250 sponsor groups, including employers, associations and communities.

Velocity Credit Union remains committed to the long-established ideals of the Credit Union Movement: cooperation, self-help, independence, and non-profit operation. These ideals are put into action in many ways, every business day, to meet the wants and needs of today's Credit Union members. And Velocity Credit Union is dedicated to meeting these needs for decades to come.

Velocity Credit Union Mission & Vision Statement

The purpose of Velocity Credit Union is to provide the best programs to meet the financial needs of our owners.

Velocity Credit Union Vision Statement:

• Adapt to the changing financial environment.
• Strive for excellence in every aspect of our work.
• Search for new and improved ways to service the financial needs of our membership.
• Ensure the future financial security of our organization.
• Contribute to the community in a positive way.
• Provide an environment that fosters teamwork, pride and employee growth.
• Communicate!

About Credit Unions

A credit union is a cooperative financial institution, owned and run by its members. Credit unions are not-for-profit, and exist to provide a safe, convenient place for members to save money and get loans at reasonable rates.

Velocity Credit Union is one of more than 10,000 credit unions throughout the United States who serve their membership with low-cost loans and a variety of financial services. More than 70 million people in the United States are credit union members, and the numbers are growing rapidly. Members quickly learn that handling their finances is less expensive, and service more personal than at other types of financial institutions. Credit unions have been rated number one in customer satisfaction among financial institutions for over 13 years by the American Banker Newspaper's annual customer satisfaction survey.