Sep, 30, 2025 — EVOLVE FEDERAL CREDIT UNION is a federal credit union headquartered in EL PASO, TX with 9 branch locations and about $321.51 million in total assets. Opened 90 years ago in 1936, EVOLVE FEDERAL CREDIT UNION has about 14,384 members and employs 77 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EVOLVE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 8840 Gazelle Dr EL PASO, TX 79925 |
| Phone: | (915) 593-5866 |
| Fax: | (915) 593-1798 |
| Website: | https://www.evolvefcu.org |
| Branches: | 9 branch locations |
| Members: | 14,384 |
| 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, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $321,505,192 |
| CEO/Manager: | Kenneth Walters |
| Chairperson: | Ginger Raya |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,838,371 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 101,369,869 |
| Unsecured Loans | 8,557,738 |
| Other Loans | 101,355,253 |
| TOTAL LOANS | 211,282,860 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -523,920 |
| Land And Building | 14,915,447 |
| Other Fixed Assets | 1,513,071 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,809,691 |
| All Other Assets | 0 |
| TOTAL ASSETS | 321,505,192 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 460,052 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,197,838 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 74,572,191 |
| Regular shares | 107,986,052 |
| All Other Shares & Deposits | 101,002,103 |
| TOTAL SHARES & DEPOSITS | 283,560,346 |
| TOTAL LIABILITIES | 292,218,236 |
| Regular Reserve | 0 |
| Other Reserves | -6,261,686 |
| Undivided Earnings | 35,548,642 |
| TOTAL EQUITY | 29,286,956 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 321,505,192 |
| INCOME & EXPENSE | |
| Loan Income | 8,339,295 |
| Investment Income | 753,965 |
| Other Income | 988,233 |
| Total Employee Compensation & Benefits | 4,051,462 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,937,546 |
| Non-operating Income & (Expense) | 21,905 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 614,675 |
| Cost of Funds | 3,028,800 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -359,659 |
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