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evolve Federal Credit Union Review: Overall Rating
| Feature | Insider rating (out of 5) |
| Savings | 3 |
| Checking | 3.75 |
| Share certificate | 3.25 |
| Money market | 3 |
| Trustworthiness | 5 |
| Total | 3.5 |
evolve Federal Credit Union Pros and Cons
| Pros | Cons |
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evolve Federal Credit Union Savings Account - Product Name Only Review
The
To become a member, you'll need to open a savings account with at least
evolve Federal Credit Union ePriority Checking Account - Product Name Only Review
The
The checking account also works well for someone who can make at least 15 monthly debit card transactions. You won't earn any interest, but at least you won't have to pay a monthly service fee.
evolve Federal Credit Union Share Certificate - Product Name Only Review
You may like evolve Federal Credit Union's share certificates if you want to open a long-term CD. You can deposit as little as
Be mindful of early withdrawal penalties, though, which can be high depending on which term you choose.
evolve Federal Credit Union Money Market Account - Product Name Only Review
The
About evolve Federal Credit Union
evolve Federal Credit Union is a Hispanic American-led financial institution with four branches and three micro-branches in El Paso, Texas. It has 215 free ATMs in El Paso and Las Cruces, Texas, and members also have access to over 85,000 surcharge-free ATMs through the Allpoint, Co-Op, and CU Anytime Shared Networks.
The credit union's Service Support Center is available Monday through Friday, from 8:30 a.m. to 5:30 p.m. CT. You can call or fill out a form to talk to a service support team member.
If mobile banking is a significant part of your banking experience, you may want to consider other financial institutions. evolve Federal Credit Union only has 2.9 out of 5 stars in the Google Play store and 2.5 out of 5 stars in the Apple Store.
evolve is federally insured by the NCUA. Up to $250,000 is safe in an individual account.
How to Join evolve Federal Credit Union
You are eligible to join evolve Federal Credit Union if you live, work, or go to school in El Paso County, Texas and Dona Ana County, New Mexico. To become a member, you'll need to open a savings account with at least
The credit union has four membership tiers: Basic, Plus, Platinum, and Diamond Elite. Basic members are members whose household has $5,000 or less in loans and shares.
Each tier adds more benefits and rewards. However, to move up a membership tier, you'll need to meet additional requirements.
Is evolve Federal Credit Union Trustworthy?
evolve Federal Credit Union has an A+ rating from the Better Business Bureau. A good BBB rating doesn't necessarily mean that your relationship with the credit union will be the same, though.
You'll want to read online customer reviews or talk to family or friends that are members to help shape your opinion.
evolve Federal Credit Union hasn't been involved in any recent public scandals.
The Role of Hispanic American Financial Institutions
Hispanic American financial institutions serve an integral role in providing services and products to underserved communities in the US. Many are located in Texas and are founded in areas with predominantly Hispanic American communities.
The evolve Federal Credit Union website lets you change languages if you prefer reading in Spanish.
evolve Federal Credit Union also initiated the "evolving Kids of El Paso" project. The credit union partners with local children's organizations to host events and donation drives.
evolve Federal Credit Union FAQs
Is evolve Federal Credit Union safe?
evolve Federal Credit Union is federally insured by the NCUA, which means up to $250,000 is protected in a bank account. If a credit union shuts down, the NCUA protects your insured deposits.
What is the monthly service fee for the evolve Federal Credit Union Basic ePriority checking account?
evolve Federal Credit Union ePriority Checking has a
What are the current CD rates at evolve Federal Credit Union?
evolve Federal Credit Union share certificates pay
Why You Should Trust Us: How We Reviewed evolve Federal Credit Union
For our evolve Federal Credit Union review, we use our bank account methodology to review bank accounts and services.
At Personal Finance Insider, we rate bank accounts on a scale from zero to five stars. We review different features for distinct types of bank accounts. For example, we'll look at early withdrawal penalties and CD variety specifically for CDs. Meanwhile, for checking accounts, we'll factor in the ATM network size and fees, as well as its overdraft protection options.
We'll also usually examine minimum opening deposits, monthly service fees, customer support availability, and mobile app ratings for all types of bank accounts.
How evolve Federal Credit Union Compares
evolve Federal Credit Union vs. GECU
GECU is another Hispanic American-led credit union with branches in El Paso, Texas. Choosing between GECU and evolve may depend on whether you meet the membership eligibility requirements for a particular institution.
At evolve, you are eligible to join if you live, work, or go to school in El Paso County, Texas. All members have to open a savings account with at least
You'll want to consider which bank accounts you'd like to open.
evolve Federal Credit Union may be an appealing option if you're looking for a high-yield checking account. You can earn a high APY on balances up to $10,000 if you meet certain requirements each month. However, be mindful of a
Meanwhile, GECU has a second chance checking account that could be a good option if you've struggled to open a bank account due to your bank account history.
Read our GECU review.
evolve Federal Credit Union vs. First National Bank Texas
Anyone can use
First National Bank Texas will likely be your default option if you don't qualify for membership at evolve. You also might prefer First National Bank Texas if you prioritize a bank with a large branch and ATM network. It has over 340 branches in Texas, Arizona, Arkansas, and New Mexico.
If you're eligible to join all three financial institutions, your decision may rest on which bank accounts fit your needs best.
GECU offers the best account options if you don't want to pay monthly service fees on savings or checking accounts. At First National Bank Texas, you'll have to meet certain requirements to waive fees on them.