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Overview / Commentary
915-593-5866
8820 Gazelle Dr
El Paso, TX 79925

Evolve Federal Credit Union is headquartered in El Paso and is the 58th largest credit union in the state of Texas. It is also the 675th largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 119 employees and 39,822 members. Evolve Federal Credit Union has a A health rating.

Field of Membership Restrictions

evolve Federal Credit Union has a field of membership that includes anyone who lives, works, worships or attends school in El Paso County, Texas. Businesses and other legal entities located within El Paso County are also eligible for membership. - See Details

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Evolve Federal Credit Union had $850,000 in non-current loans and owned real-estate with $33.1 million in equity and loan loss allowances on hand to cover it. This gives Evolve Federal Credit Union a Texas Ratio of 2.57% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Evolve Federal Credit Union experienced no significant changes from 2.47% as of March 31, 2013 to 2.57% as of March 31, 2014, resulting in a negative change of 3.97%. This indicates that the balance sheet and financial strength for Evolve Federal Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Evolve Federal Credit Union has increased its total deposits by $3.93 million, resulting in 1.45% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Evolve Federal Credit Union has shown is above average.

Capitalization

GRADE:
B+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Evolve Federal Credit Union has $315.02 million in assets with $33.1 million in equity, resulting in a capitalization level of 10.51%, which is above average.

Institution Statistics

Overall
NCUA #1792
Year Chartered1936
Employees119
Primary Regulator
Assets and Liabilities
Assets$315.02 million
Loans$197.60 million
Deposits$275.24 million
Equity Capital$31.98 million
Loan Loss Allowance$1.11 million
Unbacked Noncurrent Loans$850,000
Real Estate Owned$0
Historic Data - March 2013
Assets$310.18 million
Equity Capital$31.28 million
Loan Loss Allowance$1.02 million
Unbacked Noncurrent Loans$850,000
Real Estate Owned$287,000
Profit Margin - Quarterly
Net Interest Margin1.05%
Return on Assets0.43%
Return on Equity4.2%
Interest Income$2.73 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Evolve Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Evolve Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$50-Complete Savings Account
0.10%$50-Youth Growth Savings
0.10%--Prosperity IRA Savings
0.10%-$5kChristmas 360 Account
0.10%-$10kVacation 360 Account
0.10%--Youth 360 Account
0.10%--Prosperity Roth IRA Savings
0.10%--Prosperity CESA Savings

Evolve Federal Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$25k-Abundance Money Market

Evolve Federal Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.52%-$5kePriority Checking - Qualifying
0.10%$5k-Premier Checking Account

Evolve Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.76%$500-5 Year Boost Term Share Certificate
1.46%$500-4 Year Boost Term Share Certificate
1.00%$500-3 Year Boost Term Share Certificate
0.75%$500-2 Year Boost Term Share Certificate
0.50%$500-1 Year Boost Term Share Certificate
0.50%$500-One Year Boost Advantage CD Saver
0.35%$500-6 Month Boost Term Share Certificate
0.25%$500-3 Month Boost Term Share Certificate

Evolve Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.76%$50-5 Year Boost Term Share IRA
1.46%$50-4 Year Boost Term Share IRA
1.00%$50-3 Year Boost Term Share IRA
0.75%$50-2 Year Boost Term Share IRA
0.75%$50-1 Year Boost Term Share Roth IRA
0.50%$50-1 Year Boost Term Share IRA
0.50%$50-One Year Boost Advantage IRA Saver
0.35%$50-6 Month Boost Term Share IRA
0.25%$50-3 Month Boost Term Share IRA
Locations


Evolve Federal Credit Union Locations
Branch Office8820 Gazelle DrEl Paso, TX 79925
Branch Office8840 Gazelle DrEl Paso, TX 79925
Branch Office909 Myrtle AveEl Paso, TX 79901-1513
Branch Office8810 Gazelle DrEl Paso, TX 79925-5818
Branch Office8850 Gazelle DrEl Paso, TX 79925
Branch Office1710 Saul Kleinfeld DrEl Paso, TX 79936-3742
Branch Office6950 Pitts StEl Paso, TX 79912-4438
Branch Office12680 Tierra Este DrEl Paso, TX 79938-4848
Branch Office4521 Cohen AveEl Paso, TX 79924-4426
Branch Office9305 N Loop DrEl Paso, TX 79907-4827