B
Velocity Community Federal Credit Union
Rating Date
May 2024
Net Capital
Ratio
11.38
Leverage
Ratio
11.42
Return On
Assets
3.33%
Total
Assets
496.72M
Capital
56.50M
Total
Deposits
418.75M
Net
Income
4.11M
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Weiss Ratings Velocity Community Federal Credit Union
Palm Beach Gardens, FL 		Click to
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Rating B
Asset Quality Index 10.00
Capitalization Index 9.80
Liquidity Index 3.40
Profitability Index 6.90
Stability Index 7.80
Company Info Velocity Community Federal Credit Union
Palm Beach Gardens, FL 		Click to
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NCUA Charter Number 2439
Phone Number (561) 775-2525
Website www.velocitycommunity.org
Asset Quality Velocity Community Federal Credit Union
Palm Beach Gardens, FL 		Click to
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1-Year Asset Growth 2.27%
5-Year Asset Growth 6.49%
5-Year Charge-Offs to Average Loans 0.20%
Charge-Offs to Average Loans 0.39%
Non-Performing Assets to Assets 0.13%
Non-Performing Loans to Capital 1.03%
Non-Performing Loans to Loans 0.20%
Balance Sheet Velocity Community Federal Credit Union
Palm Beach Gardens, FL 		Click to
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Total Assets 496.72M
Total Deposits 418.75M
Capital and Reserves Velocity Community Federal Credit Union
Palm Beach Gardens, FL 		Click to
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Capital 56.50M
Leverage Ratio 11.42
Loan Loss Reserves to Loans 0.50%
Liquidity Velocity Community Federal Credit Union
Palm Beach Gardens, FL 		Click to
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Hot Money Ratio 6.44%
Liquidity Ratio 18.20%
Profitability Velocity Community Federal Credit Union
Palm Beach Gardens, FL 		Click to
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5-Year Return on Average Assets 0.47%
Net Income 4.11M
Net Interest Spread 3.60%
Operating Profit to Average Assets 3.56%
Overhead Efficiency Ratio 47.15%
Return on Assets 3.33%
Return on Equity 30.16%