Business Details
50+ Years
experience
Your Trusted Partner for Financial Solutions in El Paso
Founded in 1936 as El Paso Employees Federal Credit Union, we have served the financial needs of our community for over eight decades. In 2012, we rebranded to evolve Federal Credit Union to reflect our commitment to modern banking solutions while maintaining our core values of innovation, compassion, and dedication. Our full-service credit union operates in El Paso, Texas, and Dona Ana County, New Mexico, offering convenient branch locations and cutting-edge digital banking tools. We pioneered the only Patronage Dividend in El Paso, directly benefiting our members through shared financial success. Our Social Purpose initiative underscores our commitment to community development, particularly focusing on youth empowerment.With a diverse range of servicesfrom checking and savings accounts to personal loans, mortgages, and investment partnershipswe prioritize financial education and accessibility. Our eBanking platform provides 24/7 access to manage accounts, while our team remains available during business hours to offer personalized support. Through strategic partnerships like Sheid Wealth Management, we deliver comprehensive investment and insurance solutions tailored to individual financial goals. Our decades of experience, combined with a forward-thinking approach, position us as a trusted financial partner dedicated to member satisfaction and community growth.
Services
Membership Plan
ePriority Checking
Vehicle Loans
Mortgage Loans
Retirement Plans
Certificates of Deposit
Insurance Services
Financial Services
Personal Loans
Digital Banking
Details
- Year established: 1936
Highlights and features
- We offer a unique Patronage Dividend, returning financial benefits directly to members.
- Our digital banking platform provides 24/7 access with advanced security features.
- Decades of local expertise combined with modern financial technology solutions.
- Community-focused initiatives supporting youth and economic development.
- Strategic partnerships expand access to specialized investment and insurance services.
Associations and certifications
- NCUA
Services
ePriority Checking
Our ePriority Checking Account offers one of the highest APYs nationwide with no monthly maintenance fees. This service provides 24/7 digital access through mobile and online banking platforms. Members benefit from advanced security features and seamless integration with investment and insurance services through strategic partnerships.
Vehicle Loans
Competitive vehicle loan programs include refinancing options that save members up to 2% interest. We offer flexible terms for new and used car purchases with personalized support throughout the loan process. Our Skip-A-Pay program provides temporary relief for qualified borrowers facing financial challenges.
Mortgage Loans
Specialized mortgage solutions include conventional loans and Medical Professional Mortgage Programs. Our lending experts guide members through every step of homeownership with local market knowledge. We offer competitive rates and personalized payment options tailored to individual financial situations.
Investment Services
Through Sheid Wealth Management and LPL Financial, we provide access to comprehensive investment solutions. Services include retirement planning, portfolio reviews, and insurance products like annuities and life coverage. Our advisors help members achieve financial goals across all life stages from college savings to estate planning.
Patronage Dividend
Unique to El Paso financial institutions, our Patronage Dividend returns a portion of profits directly to members. This program rewards account holders with periodic dividends based on account balances and credit union performance. It exemplifies our cooperative structure and commitment to member financial success.
People
Russell Sheid
Investment Representative
Russell Sheid serves as the exclusive Investment Representative for evolve Federal Credit Union members through Sheid Wealth Management. With LPL Financial, he provides personalized investment solutions and financial planning services tailored to individual goals.
Questions
How do I become a member of evolve Federal Credit Union?
Visit our website to open an account online with a valid ID, Social Security Number, and $15 minimum deposit. Membership is open to residents of El Paso, TX, and Dona Ana County, NM.
What digital banking services do you offer?
Our ePriority Checking includes mobile banking with Card Controls, P2P payments, and 24/7 account access. Manage accounts, transfer funds, and monitor transactions securely from any device.
Do you provide loan relief options during financial hardships?
Yes, we offer Skip-A-Pay programs for auto and personal loans during government shutdowns or other hardships. Contact our loan department to discuss available relief options.
What investment services are available to members?
Through Sheid Wealth Management, we offer retirement planning, portfolio reviews, and insurance products including annuities and life coverage. Our advisors provide personalized investment strategies.
How does the Patronage Dividend benefit members?
This unique program returns a portion of credit union profits directly to members holding qualifying accounts, providing additional earnings on deposits based on annual performance.
What areas do you serve?
We serve residents of El Paso, Texas, and Dona Ana County, New Mexico, with convenient branch locations and comprehensive online banking services available nationwide.
Reviews (5)
Rob Fairel
Jan 12, 2022
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Poor customer service! Service number times out and kicks you off. Teller help in the main office talked me in circles with my questions. Could not help.
George Arevalo
Dec 29, 2021
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My mother passed.away in Oct and well the funeral home wants their money before the services..Evolve wouldnt deposit or cash the checks...the ss at the drive through spill garbage as to why...3 final expenses..GECU would cuz we called..i ended up at check n go...this bank has made everything difficult..stay away from this place...its horrible ..never makes your day
Alfonso Frias
Nov 29, 2021
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Youre better off stuffing your money in your mattress instead of using this bank. 1 star is an overstatement of their usefulness.
Grayson
Oct 05, 2021
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App is always crashing. If you call the number just reroutes to some automated message. Not the best bank tbh
Alonzo Varela
Jul 21, 2021
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Have trouble with services at Evolve CU. Called on Saturday and services are closed. Not good services to get help by phone on Saturday. Called before 12 pm. They need to expand their weekend services!
