Austin, Texas — According to state and local economic development sources Velocity Credit Union plans to invest $1,900,000.00 to build out 5,251 square feet of new space in Austin. The company plans to occupy the new space at 705 E 12th St in Austin, on or about September 1, 2020. According to the company website Velocity Credit Union is one of the largest and strongest financial institutions in the state of Texas. We have over $750 million in assets and serve over 75,000 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-profit operation. These ideals are put into action in many ways, every business day, to meet the wants and needs of today’s Credit Union members. And Velocity Credit Union is dedicated to meeting these needs for decades to come.

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

Company Contact:
John Chomout, Treasurer
john.chomout@velocitycu.com
512-469-7000

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