Austin, Texas — According to state and local development sources, Velocity Credit Union plans to invest $3,000,000.00 to build out 4,000 square feet of new space in Austin. The company plans to occupy the new space at 3419 Davis Lane in Austin, on or about February 1, 2026. According to the company website The credit union was originally chartered in 1947 as Austin Municipal Federal Credit Union to serve City of Austin employees. In 1998, we moved from a federal to a state charter, and became 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 took all the good things about AMFCU and added a more open membership to create a credit union with new energy and purpose. You can count on us to continually provide you with a full array of financial products and services to meet your needs now, and in the coming years as your needs change. Today, we’re one of the largest and strongest credit unions in the state of Texas. We have over $1 billion in assets, and serve more than 88,000 members.

To learn more about Velocity Credit Union, visit http://www.velocitycu.com/

Company Contact:
Debbie Mitchell, Chief Executive Officer
512-469-7000

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