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EVOLVE FEDERAL CREDIT UNION

Dec, 31, 2023 — EVOLVE FEDERAL CREDIT UNION is a federal credit union headquartered in EL PASO, TX with 9 branch locations and about $334.32 million in total assets. Opened 88 years ago in 1936, EVOLVE FEDERAL CREDIT UNION has about 15,516 members and employs 66 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 312081005
Name:EVOLVE FEDERAL CREDIT UNION
Address:
(Main Office)
8820 Gazelle Dr
EL PASO, TX 79925
Phone:(915) 593-5866
Fax:(915) 593-1798
Website:https://www.evolvefcu.org
Branches:9 branch locations
Members:15,516
Credit Union Type:Federal Credit Union
Charter Number:1792
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1936
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$334,319,761
CEO/Manager:Kenneth Walters
Chairperson:Linda Gonzalez-Hensgen

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 11,851,020
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 113,551,131
 Unsecured Loans 9,757,654
 Other Loans 101,862,386
 TOTAL LOANS 225,171,171
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -378,160
 Land And Building 12,950,632
 Other Fixed Assets 1,501,909
 NCUSIF Deposit 3,168,847
 All Other Assets 0
  TOTAL ASSETS 334,319,761
LIABILITIES & CAPITAL:  
 Dividends Payable 410,582
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 9,768,653
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 71,793,588
 Regular shares 115,858,298
 All Other Shares & Deposits 111,093,756
  TOTAL SHARES & DEPOSITS 298,745,643
  TOTAL LIABILITIES 308,924,878
 Regular Reserve 0
 Other Reserves -11,045,645
 Undivided Earnings 36,440,528
  TOTAL EQUITY 25,394,883
  TOTAL LIABILITIES, SHARES, & EQUITY 334,319,761
INCOME & EXPENSE  
 Loan Income 9,336,231
 Investment Income 1,735,933
 Other Income 1,963,532
 Total Employee Compensation & Benefits 5,573,369
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 6,063,950
 Non-operating Income & (Expense) 32,854
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 302,933
 Cost of Funds 3,331,636
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -425,260
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