Mission
THE MISSION OF VELOCITY CREDIT UNION IS TO PROVIDE OUR MEMBERS PERSONALIZED SERVICE AND UNIQUE VALUE AS THEIR LOCAL BANKING ALTERNATIVE.
Executive compensation, broken down
Form 990 · Schedule J · 16 reported individuals · Filing year 2024
President/ceo
$1M
$1.1M
- Base
- $1M
- Bonus
- —
- Other
- —
- Benefits
- $9k
Evp/clo
officer (unspecified)
$434k
$460k
- Base
- $396k
- Bonus
- —
- Other
- —
- Benefits
- $24k
CIO
chief information officer
$310k
$329k
- Base
- $273k
- Bonus
- —
- Other
- —
- Benefits
- $27k
Sr. VP of Human Resources
vice president
$271k
$287k
- Base
- $238k
- Bonus
- —
- Other
- —
- Benefits
- $24k
Sr. VP of Digital & Remote
vice president
$266k
$282k
- Base
- $242k
- Bonus
- —
- Other
- —
- Benefits
- $15k
Sr. VP of Operations
vice president
$255k
$270k
- Base
- $229k
- Bonus
- —
- Other
- —
- Benefits
- $17k
VP Mortgage Lending
vice president
$240k
$254k
- Base
- $223k
- Bonus
- —
- Other
- —
- Benefits
- $9k
$233k
$248k
- Base
- $215k
- Bonus
- —
- Other
- —
- Benefits
- $10k
Sr Vice Pres. Member Services
highest compensated employee
$221k
$235k
- Base
- $206k
- Bonus
- —
- Other
- —
- Benefits
- $9k
Chairperson
board chair
$15k
$16k
Secretary/treasurer
officer (unspecified)
$15k
$16k
Director
board member
$14k
$15k
Director
board member
$13k
$13k
2nd Vice Chair
board chair
$12k
$13k
1st Vice Chair
board chair
$12k
$12k
Director
board member
$12k
$12k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President/ceo | $1M | — | — | $9k | $1M $1.1M |
Evp/clo officer (unspecified) | $396k | — | — | $24k | $434k $460k |
CIO chief information officer | $273k | — | — | $27k | $310k $329k |
Sr. VP of Human Resources vice president | $238k | — | — | $24k | $271k $287k |
Sr. VP of Digital & Remote vice president | $242k | — | — | $15k | $266k $282k |
Sr. VP of Operations vice president | $229k | — | — | $17k | $255k $270k |
VP Mortgage Lending vice president | $223k | — | — | $9k | $240k $254k |
CFO | $215k | — | — | $10k | $233k $248k |
Sr Vice Pres. Member Services highest compensated employee | $206k | — | — | $9k | $221k $235k |
Chairperson board chair | — | — | — | — | $15k $16k |
Secretary/treasurer officer (unspecified) | — | — | — | — | $15k $16k |
Director board member | — | — | — | — | $14k $15k |
Director board member | — | — | — | — | $13k $13k |
2nd Vice Chair board chair | — | — | — | — | $12k $13k |
1st Vice Chair board chair | — | — | — | — | $12k $12k |
Director board member | — | — | — | — | $12k $12k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Up 2%
from 2023
From $1M in 2023 to $1M in 2024.
$1M
2023
$1M
2024
$1M
2023
$1M
2024
In today's dollarsEst.
Down 1% in real terms$1.1M to $1.1M
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend
Revenue and expenses over time
VELOCITY CREDIT UNION reported revenue and expenses across 2 filing years.
RevenueExpenses
$55.3M
$53.9M
2023
$61.7M
$59.3M
2024
Total revenue and total expenses from IRS Form 990 filings.
Free, forever
Build lists. Save your benchmarks.
A free Lucido account lets you build lists of nonprofits and save your search filters. No credit card.
Create free account
Already a member? Sign in
Build a benchmark
Compare any role, sector, or revenue band
Build your own benchmark from millions of reported positions.