Home of the Only 赞助股息* in El Paso!

进化FCU has refined a recipe of success for its members and their financial future. This recipe is a perfect blend of 会员计划 benefits combined with 赞助股息* annual payouts.

As a contributing member to our credit union, you will begin to climb up the 会员计划 tiers and start earning your unique benefits. This includes avoiding account fees, earning percentages off your loan rates, and receiving higher-earning CD rates. 此外, 所有的加, 铂, and Diamond Elite members in good standing become eligible for the 赞助股息*. 的 cherry on top is your membership status is calculated by Household. That means that when any of your family members bring their accounts, 贷款, and deposits to 进化FCU, 你们都会受益!

Not all credit unions payout dividends but 进化FCU finds it necessary to reward and thank its shareholders for choosing them as their financial institution of choice above the rest. 进化FCU's President/CEO, Ken Walters, states that "as a cooperative, evolve understands we are only as successful as our membership makes us. With the implementation of the 会员计划 and the loyalty of our members, 进化FCU is still the only credit union to give back a dividend of this magnitude in El Paso."

For five years in a row, our credit union has generated positive reoccurring earnings. In 2019, 进化FCU paid out a 赞助股息* of $2 million for a successful 2018. 的 2020 pandemic forced us to adapt quickly to the current economic and environmental changes. 全年, we strategized to enhance 进化FCU's online safety features, 流动性, 和能力. 前进, these changes will open new windows of opportunity for bringing back the 赞助股息* to our members in the very near future.

Let us dive into what exactly the 赞助股息* is and how you can calculate your payouts.

的 赞助股息* is simply the sum of your account's average daily balances of all shares and 贷款 (Signature, 车辆, and mortgage) for the calendar year. 的 neat thing is that you can keep track of your dividend payout by utilizing the convenient 赞助股息* Payout Calculator.

• It helps you stay on track with your loan and deposit balances
• It helps you determine what 会员计划 you have (Basic, Plus, 铂, or Diamond Elite)
•它计算你的 估计 赞助股息* payout for you!

Based on the information generated by the calculator, we can determine that this member's membership level is Diamond Elite and that their 估计 赞助股息* payout is:

Think of all you can do with that additional money… recover from holiday spending, save it for your upcoming vacation, give a mortgage payment, 等.!

Each year, the 董事会 reviews the distribution of the 赞助股息*. 如获批准，则:

• 的 赞助股息* becomes reportable on IRS Form 1099-INT and 1099-MISC tax filing documents
• All share dividends earned from share account and loan balances are reported on IRS Form 1099-INT

然后, VUALAH! Your 赞助股息* will then be electronically deposited into your 储蓄 account! That earned dividend is now available for you to use as you wish. 就是这么简单.

As 进化FCU prepares for a successful calendar year and the return of the 赞助股息, we encourage you to do the same! Begin by understanding what your Membership status is and what benefits are available to you. Utilize the 赞助股息 calculator to help you gauge what your payout can potentially be. 最后, if you have not already, make the most of your financial well-being by making 进化FCU your financial institution of choice. Together, we make the credit union difference.