Velocity Credit Union
Austin, TX · EIN 74-1200165 · Rank 7,900 by total revenue
To provide the best programs to meet the financial needs of our members.
Money, Form 990 for tax year 2025
- Total revenue
- $63,950,131
- Total expenses
- $63,004,133
- Total assets
- $1,067,403,243
- Salary base (all salaries and wages)
- $18,260,888
- Salaries, other pay and benefits
- $22,909,279
- Employees
- 257
- Salary base per employee
- $71,054
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (13)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Deborah Mitchell | PRESIDENT/CEO | Officer | 40 | $1,100,526 |
| James Brown | EVP/CLO | Officer | 40 | $449,064 |
| Daniel Penberg | CIO | Officer | 40 | $321,260 |
| Robert Cole | CHIEF EXPERIENCE OFFICER | Officer | 40 | $282,750 |
| Chris Clark | CFO | Officer | 40 | $281,971 |
| Kasha Bartholomew | CHAIRPERSON | Board, Officer | 2 | $14,000 |
| Eric Wise | 1ST VICE CHAIR | Board, Officer | 2 | $14,000 |
| Thomas Matthews | 2ND VICE CHAIR | Board, Officer | 2 | $14,000 |
| Lindsey J Putman | SECRETARY/TREASURER | Board, Officer | 2 | $14,000 |
| John Chomout | DIRECTOR | Board | 2 | $14,000 |
| Mary Paredes | DIRECTOR | Board | 2 | $14,000 |
| Doug Skolaut | DIRECTOR | Board | 2 | $14,000 |
| Mike Summers | DIRECTOR (AS OF 12/2025) | Board | 2 | $1,000 |
Top 10 paid people listed
These 10 people received $3,791,603, which is 20.8% of the $18,260,888 salary base shared by 257 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Deborah Mitchell | PRESIDENT/CEO | Officer | 40 | $1,076,272 | $0 | $24,254 | $1,100,526 |
| James Brown | EVP/CLO | Officer | 40 | $407,554 | $0 | $41,510 | $449,064 |
| Austin Ahlrich | COO | Highly paid employee | 40 | $294,034 | $0 | $29,099 | $323,133 |
| Daniel Penberg | CIO | Officer | 40 | $286,593 | $0 | $34,667 | $321,260 |
| Cheri Hall | SR VP OF HUMAN RESOURCES | Highly paid employee | 40 | $248,992 | $0 | $36,806 | $285,798 |
| Robert Cole | CHIEF EXPERIENCE OFFICER | Officer | 40 | $262,514 | $0 | $20,236 | $282,750 |
| Chris Clark | CFO | Officer | 40 | $260,669 | $0 | $21,302 | $281,971 |
| Kim Schaefer | SR VP, MEMBER SERVICES (LEFT 9/2025) | Highly paid employee | 40 | $256,183 | $0 | $12,118 | $268,301 |
| Alan Nykiel | SR VP OF MARKETING | Highly paid employee | 40 | $235,003 | $0 | $16,838 | $251,841 |
| Lindsey Record | VP MORTGAGE LENDING | Highly paid employee | 40 | $213,655 | $0 | $13,304 | $226,959 |
Sources
- IRS e-file return 202601269349302010 (Form 990, period ending 2025-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 74-1200165
- Organization website (as filed): www.velocitycu.com