Organizations Filed Purposes:
VELOCITY CREDIT UNION IS A FINANCIAL INSTITUTION FORMED BY AN ORGANIZED GROUP OF PEOPLE WITH A COMMON BOND. MEMBERS OF THE CREDIT UNION POOL THEIR ASSETS TO PROVIDE LOANS AND OTHER FINANCIAL SERVICES TO EACH OTHER. THESE FACTORS ALLOW US TO PAY DIVIDENDS TO OUR MEMBERS AND OFFER OUR MEMBERS LOWER LOAN RATES, HIGHER SAVINGS RATES AND FEWER SERVICE FEES.
TO PROVIDE THE BEST PROGRAMS TO MEET THE FINANCIAL NEEDS OF OUR MEMBERS.
VELOCITY CREDIT UNION PROVIDES LOANS TO MEMBERS AT LOWER INTEREST RATES, ACCEPTS DEPOSITS, AND PAYS HIGHER DIVIDEND RATES.2019: 1) 37,173 LOANS TO MEMBERS AND MEMBER BUSINESSES FOR A TOTAL OF $599MM 2) ORIGINATED 8,969 LOANS IN 2019 WITH A BALANCE OF $237MM, AND 3) SERVICED 87,339 MEMBERS WITH DEPOSITS OF $723MM.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Debbie Mitchell | PRESIDENT/CEO | 40 | $1,047,311 |
| Jack Jordan | COO | 40 | $357,000 |
| Lisa Back | CFO | 40 | $355,042 |
| Felix Gonzalez | SR. VP LENDING | 40 | $224,935 |
| Daniel Penberg | SR. VP IT | 40 | $217,077 |
| Carol Cain | SR. VICE-PRES. MARKETING | 40 | $206,472 |
| Cheri Hall | SR. VICE-PRES. HUMAN RESOURCE | 40 | $205,610 |
| Kim Schaefer | SVP MEMBER SERVICES | 40 | $192,338 |
| James Chapman | CHAIRPERSON | 2 | $12,921 |
| John Chomout | SECRETARY/TREASURER | 2 | $9,565 |
| Mary Paredes | DIRECTOR | 2 | $9,320 |
| Thomas Matthews | 2ND VICE CHAIR | 2 | $8,359 |
| Xavier Zarate | DIRECTOR | 2 | $8,152 |
| Kasha Bartholomew | 1ST VICE CHAIR | 2 | $7,664 |
| Carl Lynch | DIRECTOR | 2 | $7,238 |
| John Ross | DIRECTOR | 2 | $7,152 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202021289349300432_public.xml