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 · Part VII & Schedule J · 16 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
- Base
- $1M
- Bonus
- —
- Other
- —
- Benefits
- $9k
- Base
- $396k
- Bonus
- —
- Other
- —
- Benefits
- $24k
- Base
- $273k
- Bonus
- —
- Other
- —
- Benefits
- $27k
- Base
- $238k
- Bonus
- —
- Other
- —
- Benefits
- $24k
- Base
- $242k
- Bonus
- —
- Other
- —
- Benefits
- $15k
- Base
- $229k
- Bonus
- —
- Other
- —
- Benefits
- $17k
- Base
- $223k
- Bonus
- —
- Other
- —
- Benefits
- $9k
- Base
- $215k
- Bonus
- —
- Other
- —
- Benefits
- $10k
- Base
- $206k
- Bonus
- —
- Other
- —
- Benefits
- $9k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President/ceo Above 90th percentile | $1M | — | — | $9k | $1M $1.1M |
Evp/clo Officer (Unspecified) | $396k | — | — | $24k | $434k $460k |
CIO Chief Information Officer 75th to 90th percentile | $273k | — | — | $27k | $310k $329k |
Sr. VP of Human Resources Board Vice President 75th to 90th percentile | $238k | — | — | $24k | $271k $287k |
Sr. VP of Digital & Remote Board Vice President 75th to 90th percentile | $242k | — | — | $15k | $266k $282k |
Sr. VP of Operations Board Vice President 75th to 90th percentile | $229k | — | — | $17k | $255k $270k |
VP Mortgage Lending Board Vice President 75th to 90th percentile | $223k | — | — | $9k | $240k $254k |
CFO 75th to 90th percentile | $215k | — | — | $10k | $233k $248k |
Sr Vice Pres. Member Services Highest Compensated Employee Median to 75th percentile | $206k | — | — | $9k | $221k $235k |
Chairperson Board Chair 25th percentile to median | — | — | — | — | $15k $16k |
Secretary/treasurer Officer (Unspecified) | — | — | — | — | $15k $16k |
Director Board Member 25th percentile to median | — | — | — | — | $14k $15k |
Director Board Member 25th percentile to median | — | — | — | — | $13k $13k |
2nd Vice Chair Board Chair 25th percentile to median | — | — | — | — | $12k $13k |
1st Vice Chair Board Chair 25th percentile to median | — | — | — | — | $12k $12k |
Director Board Member 25th percentile to median | — | — | — | — | $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.
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.
Chief Executive Officer pay rose 2% from 2023 to 2024, while revenue rose 12%.
- Chief Information Officer pay rose 4% from 2023 to 2024.
- Board Vice President pay rose 10% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
VELOCITY CREDIT UNION reported revenue and expenses across 2 filing years.
Common questions about VELOCITY CREDIT UNION
What does the Chief Executive Officer of VELOCITY CREDIT UNION earn?
In 2024, the Chief Executive Officer of VELOCITY CREDIT UNION received $1,041,539 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at VELOCITY CREDIT UNION compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at VELOCITY CREDIT UNION falls in the top 10%.
What are VELOCITY CREDIT UNION's revenue and expenses?
In 2024, VELOCITY CREDIT UNION reported $61.7M in total revenue and $59.3M in total expenses on its IRS Form 990.
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