Velocity Credit Union Salary

Velocity Credit Union Salary

How Much Does Velocity Credit Union Pay for employees?

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As of August 2026, the average annual salary for employees at Velocity Credit Union in the United States is $84,922. This translates to an approximate hourly wage of $41. Salaries at Velocity Credit Union typically range from $74,466 to $96,398 annually, reflecting the diverse roles and experience levels within the company. Velocity Credit Union’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Velocity Credit Union Pay for Different Roles?

The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.

Assistant Member Relationship Manager - New Hope

$84,885 / year

Salary Range: $64,097 - $98,798

Restaurant Management

Assistant Vice President Collections

$115,001 / year

Salary Range: $99,943 - $130,329

IRA Accounts

Bank Secrecy Act Specialist

$73,532 / year

Salary Range: $65,417 - $82,386

Retail Loss Prevention

Collection Assistant

$50,021 / year

Salary Range: $44,663 - $55,661

Loan Processing

Collector

$41,314 / year

Salary Range: $38,619 - $44,497

Consumer Lending

Contact Center Quality Assurance and Development Specialist

$104,367 / year

Salary Range: $78,956 - $120,791

Quality Assurance

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at Velocity Credit Union.
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About Velocity Credit Union: Company Profile

Website
www.velocitycu.com
Founded In
1947
Employees
100 - 200 employees
Industry
Financial Services
Headquarter Location
AUSTIN
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media
About VELOCITY CREDIT UNION
Velocity Credit Union is one of the largest and strongest financial institutions in the state of Texas. We have over $840 million in assets, and serve over 88,000 members and over 200 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-pr

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Velocity Credit Union's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
Agendas are circulated in advance. Strengths are recognized alongside growth areas. Clear vision from leadership. There’s not a lot of creative freedom, but job security and organization are strong. Diverse workforce promotes inclusion and fresh perspectives. A forward-thinking company with excellent leadership and a culture of growth. Policies are well documented, but application varies by depart...
Commented in May 01, 2025
50
1
Work is steady, and expectations are clear. A culture of accountability and mutual respect defines this company. It’s inspiring to work for a company that sets industry standards while fostering a culture of respect and collaboration. Clear direction and great teamwork.
Commented in March 12, 2025
40
3
Working here has exceeded my expectations. Training is provided it is aligned with employee needs. The focus on sustainable productivity prevents burnout. Management maintains order but lacks personal engagement. Work-life balance depends heavily on individual managers, leading to inconsistent experiences.
Commented in November 04, 2024
45
2
I’m proud to be part of a company that values integrity and client success in the financial sector. This investment in growth is remarkable. Working at this financial services company means being part of a motivated and skilled team.
Commented in March 07, 2024
37
0

How Velocity Credit Union's Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating Velocity Credit Union’s pay competitiveness. Click on a company for a deeper dive.

Is Velocity Credit Union’s Pay Competitive? Salary Benchmarking Analysis

How does Velocity Credit Union’s compensation stack up against the market? This analysis visualizes their average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
Velocity Credit Union
Financial Services
VACATION INNOVATIONS
VA ENTERPRISES, LLC
Industry Comparison
Our data shows that, on average, compensation at Velocity Credit Union is below the average for the U.S. Financial Services industry by approximately 30%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Velocity Credit Union average annual salary with several similar companies. Velocity Credit Union average salary of $84,922 is higher than VACATION INNOVATIONS, which has an average salary of $81,075. It is higher than VA ENTERPRISES, LLC, with their average salary at $80,306. This places Velocity Credit Union in a competitive position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

What Is the Cost of Living Near Austin?

Understanding the cost of living near Austin is key to truly evaluating a salary offer or your current compensation at Velocity Credit Union.
Austin's Cost of Living Index is approximately 129.5 (29.5% more expensive than US average; 39.2% more than TX average). State capital, major tech hub, 'Keep Austin Weird', very high housing costs, high overall expenses. Capital Metro. When planning your budget based on a salary from Velocity Credit Union, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,600 - $2,500+ A significant portion of Velocity Credit Union salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $41.25 (CapMetro monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $440 - $650 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $950+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,111 - $5,071+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Velocity Credit Union

FAQ 1: What is the average salary for employees at Velocity Credit Union?
The average annual total compensation for employees at Velocity Credit Union is approximately $84,922. However, this is an aggregate figure, actual salaries can range significantly, typically from $74,466 to $96,398, depending on factors like job role, experience, and location.
FAQ 2: How much does Velocity Credit Union pay compared to VACATION INNOVATIONS?
The average annual salary at Velocity Credit Union is $84,922, or an hourly wage of $41, in comparison to VACATION INNOVATIONS which pays $81,075 per year or $39 per hour.
FAQ 3: How does having a professional certification impact salary for relevant roles at Velocity Credit Union?
Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Velocity Credit Union for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.
FAQ 4: Does Velocity Credit Union offer cost-of-living adjustments (COLA) for employees in high-cost areas like Austin?
While some companies offer formal COLA, many, including potentially Velocity Credit Union, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.
FAQ 5: What's the typical process for salary reviews and raises at Velocity Credit Union?
Most companies, likely including Velocity Credit Union, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.

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