Evolve Federal Credit Union

8840 Gazele Drive
El Paso, TX 79925
915-593-5866
www.evolvefcu.org

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Evolve Federal Credit Union is headquartered in El Paso and is the 56^th largest credit union in the state of Texas. It is also the 665^th largest credit union in the nation. It was established in 1936 and as of March of 2013, it had grown to 132 employees and 41,142 members. Evolve Federal Credit Union has a 4-star health rating.

Evolve FCU Offering A 1.25% Cashback Credit Card (Forum) - 12/17/2012

If you are not interested in the Amex or BOA credit cards which offer different point levels for spending in specific categories (typically groceries and gas) or in keeping up with rotating categories which change every quarter (Discover and Chase), this

El Paso Employees FCU Dropped Their 5-Yr CD Rate... (Forum) - 10/28/2011

from 3.29% to 3.03%, matching their "sister" FCU (El Paso Teachers' FCU):-) The rate was 3.49% just a while back (that I bought $1K for fun:D).

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See Rates for: Checking | Savings | Money Market | CD | IRA

Evolve Federal Credit Union Checking Account Rates

Apy	Min	Max	Product
2.52%	-	$5k	ePriority Checking
0.10%	$5k	-	Premier Checking Account

Evolve Federal Credit Union Savings Account Rates

Apy	Min	Max	Product
0.10%	$50	-	Complete Savings Account
0.10%	$50	-	Youth Growth Savings
0.10%	-	-	Prosperity IRA Savings
0.10%	-	$5k	Christmas 360 Account
0.10%	-	$10k	Vacation 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

	Apy	Min	Max	Product
	0.50%	$25k	-	Abundance Money Market

Evolve Federal Credit Union CD Rates

Apy	Min	Max	Product
1.46%	$500	-	5 Year Boost Term Share Certificate
1.26%	$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

Apy	Min	Max	Product
1.46%	$50	-	5 Year Boost Term Share IRA
1.46%	$50	-	5 Year Boost Term Share Roth IRA
1.46%	$50	-	5 Year Boost Term Share CESA
1.26%	$50	-	4 Year Boost Term Share IRA
1.26%	$50	-	4 Year Boost Term Share Roth IRA
1.26%	$50	-	4 Year Boost Term Share CESA
1.00%	$50	-	3 Year Boost Term Share IRA
1.00%	$50	-	3 Year Boost Term Share Roth IRA
1.00%	$50	-	3 Year Boost Term Share CESA
0.75%	$50	-	2 Year Boost Term Share IRA
0.75%	$50	-	1 Year Boost Term Share Roth IRA
0.75%	$50	-	2 Year Boost Term Share Roth IRA
0.75%	$50	-	2 Year Boost Term Share CESA
0.50%	$50	-	1 Year Boost Term Share IRA
0.50%	$50	-	One Year Boost Advantage IRA Saver
0.50%	$50	-	One Year Boost Advantage Roth IRA Saver
0.50%	$50	-	1 Year Boost Term Share CESA
0.50%	$50	-	One Year Boost Advantage CESA Saver
0.35%	$50	-	6 Month Boost Term Share IRA
0.35%	$50	-	6 Month Boost Term Share Roth IRA
0.35%	$50	-	6 Month Boost Term Share CESA
0.25%	$50	-	3 Month Boost Term Share IRA
0.25%	$50	-	3 Month Boost Term Share Roth IRA
0.25%	$50	-	3 Month Boost Term Share CESA

Rates updated: 6/19/2013

Data for Q1 2013

Institution Statistics

EVOLVE
NCUA #	1792
BankRate Report	View
Year Chartered	1936
Employees	132
Primary Regulator
Assets and Liabilities
Assets	$310.18 million
Loans	$199.24 million
Deposits	$271.31 million
Equity Capital	$31.28 million
Loan Loss Allowance	$1.02 million
Unbacked Noncurrent Loans	$511,000
Real Estate Owned	$287,000
Historic Data - March 2012
Assets	$320.20 million
Equity Capital	$30.72 million
Loan Loss Allowance	$1.38 million
Unbacked Noncurrent Loans	$433,000
Real Estate Owned	$201,000
Profit Margin - Quarterly
Net Interest Margin	0.96%
Return on Assets	0.71%
Return on Equity	7.05%
Interest Income	$2.58 million
Non-Interest Income	$1.49 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2013 Evolve Federal Credit Union had $798,000 in non-current loans and owned real-estate with $32.3 million in equity and loan loss allowances on hand to cover it. This gives Evolve Federal Credit Union a Texas Ratio of 2.47% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Evolve Federal Credit Union held steady from 1.98% as of March 31, 2012 to 2.47% as of March 31, 2013, resulting in a negative change of 25.06%. This indicates that the balance sheet and financial strength for Evolve Federal Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Evolve Federal Credit Union has decreased its total deposits by -$15.47 million, resulting in -5.39% 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 poor.
Capitalization
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 $310.18 million in assets with $32.3 million in equity, resulting in a capitalization level of 10.41%, which is above average.