Raiz Credit Union El Paso TX | Best Auto Loans & Business Banking

Introduction

Welcome to Raiz, your trusted partner in financial wellness since 1936! Located at 300 Montana Ave, El Paso, TX 79902, our credit union is dedicated to serving the needs of our community with integrity and care. With a strong membership base of over 74,265 members, we pride ourselves on providing personalized banking solutions that truly make a difference in people's lives. At Raiz, we understand that everyone's financial journey is unique. That's why we offer a wide range of services including personal banking, auto loans, mortgage financing, and even business banking solutions. Our total assets stand at an impressive $990,017,143, reflecting our commitment to stability and growth for our members. Our leadership team, guided by CEO Max Villaronga and Board President Lillian Crouch, works tirelessly to ensure that every member receives exceptional service and support. We also have a dedicated staff of 241 employees who are always ready to assist you with your financial needs. Whether you're looking to save for the future or need a loan to help you reach your goals, we're here for you. You can count on us for competitive rates and tailored solutions designed to fit your lifestyle. Plus, with total deposits reaching $79,280,223 and cash reserves of $18,402,359, we are well-positioned to serve you effectively. While members can visit us at our branch location mentioned above for all their banking needs, official correspondence should be sent to the same address. Ready to take the next step in your financial journey? Call us today at (915) 926-2371 or explore more about what we offer at raiz.us. Let's work together to build a brighter financial future!

Branch History & Mission

Welcome to the heart of our community, Raiz, located at 300 Montana Ave, El Paso, TX 79902. Since opening our doors in 1936, we have proudly served our members with a commitment to excellence and community support. Over the years, Raiz has grown into a trusted financial institution with a membership base of over 74,000 individuals who rely on us for their banking needs. Our mission is simple yet powerful: to empower our members through accessible financial services while fostering a strong sense of community. We believe that everyone deserves the opportunity to thrive financially, and we strive to provide personalized solutions that help our members achieve their goals whether it's buying a car, purchasing a home, or saving for the future. At Raiz, we take pride in being more than just a credit union; we are a vital part of El Paso's fabric. Our history is rich with milestones that reflect our dedication to innovation and service. From introducing digital banking solutions that make managing finances easier to maintaining ADA compliance so all members can access our services comfortably, we aim to meet the evolving needs of our community. In addition to offering traditional banking services like checking and savings accounts, auto loans, and personal loans, we also focus on community outreach initiatives. We partner with local organizations to provide resources and support for those in need. This commitment reflects our belief that financial well-being goes hand-in-hand with community wellness. While members can visit us at our main branch location at 300 Montana Ave, official correspondence should be sent to the same address as it serves both functions seamlessly. For your convenience, we're available Monday through Friday from 9:30 AM to 5:30 PM and Saturday from 9:30 AM to 12:30 PM. You can reach us at 915-926-2371 if you have any questions or need assistance. As we look ahead, we invite you to join Raiz and experience the benefits of being part of a member-focused credit union that cares about your financial future. Together, let's build a stronger community where everyone has the tools they need for success. Come visit us today!

Branch Location & Accessibility

Operating Hours

Our branch is open Monday through Friday from 9:30 AM to 5:30 PM, and we welcome you on Saturdays from 9:30 AM to 12:30 PM. Feel free to stop by during these hours for personalized assistance or simply to chat with our staff about how we can help you manage your finances better.

Services and Amenities

At Raiz, we provide a wide range of banking services designed for your convenience, including checking and savings accounts, auto loans, mortgage loans, personal loans, and credit cards with rewards. Need cash? We have an ATM available on-site for easy withdrawals and balance checks. While we do not have a drive-thru service at this location, our team is always ready to assist you inside the branch. If you're looking for shared services or additional resources, rest assured that we're here to help guide you in finding what you need. Have questions? Don't hesitate to give us a call at 915-926-2371. We look forward to seeing you soon at Raiz!

Member Eligibility

At Raiz, we believe that joining our community is the first step towards a more secure financial future. Becoming a member is open to anyone who lives, works, or worships in the El Paso area, which means that if you're part of our vibrant community, you're already eligible! Our membership brings with it a host of benefits like competitive rates on loans and savings accounts, personalized service, and access to a range of financial products designed to meet your needs. If you're ready to take the next step, opening an account is simple! You can find all the details about how to apply by visiting us at http://www.raiz.us/about/become-a-member/. For any questions or assistance, feel free to give us a call at (915) 926-2371. We look forward to welcoming you to Raiz at 300 Montana Ave El Paso Tx 79902!

Business Banking & Commercial Services

Member Commercial Loans

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $153 in commercial loans for our members, helping businesses scale and succeed. This financial backing can make a significant difference in your ability to seize opportunities.

Non-Member Commercial Loans

We also believe in fostering a vibrant local economy. That's why we provide flexible financing solutions to the broader community: - We support non-members with $0 in non-member commercial loans, ensuring that more businesses have access to the resources they need.

Outstanding Commercial Loans

With an outstanding commercial loan portfolio of $61,509,327, we continue to drive economic growth by financing new and expanding businesses. Our merchant services simplify payment processing, making it easier for you to focus on what matters most running your business successfully. Located at 300 Montana Ave El Paso Tx 79902 in El Paso, TX, we're here to help you navigate the path to success. Reach out today at (915) 926-2371 and discover how we can partner with you on your business journey!

Comprehensive List Of Services

Access When You Need It

In addition to traditional banking services, we also provide easy access to cash with our ATM & Cash Withdrawal Services available at multiple locations. You can quickly withdraw cash or check your balance at any time with basic ATM access. At Raiz, convenience is key. With features like electronic signatures and e-statements, managing your finances has never been simpler. Plus, our knowledgeable staff is always available at (915) 926-2371 during operating hours Monday through Friday from 9:30 AM to 5:30 PM and Saturday from 9:30 AM to 12:30 PM to answer any questions you may have. We invite you to explore all the ways Raiz can support you in achieving financial success. Visit us today or check out more information online at https://raiz.us/ and see how we can assist you!

Business Banking Solutions

For our members who are entrepreneurs, we haven't forgotten about you! Our Business Banking services include essential tools like Merchant Services & Business Loans, helping you grow and sustain your business effectively.

Helping You Manage Debt

Sometimes life brings unexpected expenses. That's where our Personal Loans & Debt Consolidation options come into play. We strive to provide solutions that make it easier for you to manage your finances without overwhelming stress. And if you're looking to build credit while earning rewards, our Credit Cards with Rewards offer an excellent way to do just that! Enjoy the benefits of making purchases while gaining points for future rewards.

Personal Banking Made Easy

Managing your money shouldn't be complicated. That's why at Raiz, we offer Personal Banking services like checking and savings accounts designed to fit your lifestyle. With our user-friendly Online & Mobile Banking platforms, you can access your accounts anytime, anywhere. Imagine being able to check your balance or transfer funds from the comfort of your home or on the go it's that convenient! Need extra funds for a new car? Our Auto Loans & Vehicle Financing options can help make that dream a reality with competitive rates and flexible terms. If you're considering purchasing a home or refinancing your current mortgage, our experienced staff can assist you through our Mortgage Loans & Refinancing services tailored just for you.

Digital & Online Banking

Accessibility Anytime

At Raiz, we believe that banking should fit seamlessly into your life. Our online banking services are available 24/7, meaning you can manage your accounts at any time that suits you no more rushing to the bank before it closes! Whether it's checking your balance during lunch or transferring money late at night, we've got you covered. In short, our digital and online banking services empower you to take charge of your finances with ease and security. Experience the freedom of managing your money on your terms with Raiz today!

Mobile Features for Your Lifestyle

Embrace the power of mobile banking with our dedicated mobile application. Whether you're making person-to-person transfers or using mobile payments, we ensure that your transactions are fast and secure. The app is designed with simplicity in mind so that you can manage your money effortlessly. And if you ever need help, customer support is just a tap away.

Online Banking Made Easy

With our robust online banking services, you can view account balances, transfer funds, and pay bills all from the comfort of your home or on the go. Our platform supports electronic signature authorization, allowing you to complete transactions quickly and securely without the need for paper forms. Plus, if you're interested in going green, we provide e-statements for easy access to your financial records while helping the environment.

Financial Strength

Growing Trust

Total Share Accounts: 122,090, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $0 further highlight our readiness to support your needs. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Raiz is your trusted partner. Visit us at 300 Montana Ave El Paso Tx 79902 or call (915) 926-2371 to learn more about how we can help you achieve your financial goals.

Investing in Your Future

With $104,675,136 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our capacity to support your financial goals is robust; we have $14,629 in used auto loans and $800,634,602 in total loans and leases available.

Member-Centric Savings

Members' savings are secured through $182,673,198 in share certificates, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $125,128,000, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our $2,751,175 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We take pride in having 230 full-time employees and 11 part-time employees who are always ready to assist you with their expertise and dedication.

Solid Financial Foundation

With a net worth of $121,306,359, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 12.17% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $309,350,924 in used vehicle loans and $194,906,919 in new vehicle loans already helping members get on the road. Whether you're purchasing a brand-new model or a reliable used vehicle, our team is here to assist you with flexible financing options tailored to your budget.

Credit Lines and Business Loans

For those needing extra flexibility, our credit lines totaling $181,229,600 provide quick access to cash when you need it most. Additionally, for business owners, our outstanding commercial loans totaling $61,509,327 provide the capital needed to grow and expand your enterprise. At Raiz, we prioritize transparency and customer satisfaction. If you're considering refinancing or want to explore eligibility options for any of our loan products, don't hesitate to reach out! You can contact us at (915) 926-2371, or visit us at 300 Montana Ave El Paso Tx 79902 in El Paso, TX during our operating hours from Monday to Friday 9:30 AM - 5:30 PM and Saturday 9:30 AM - 12:30 PM. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. We're here to help you navigate your financial journey let's take the next step together!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $6,461,030, make buying or refinancing simple. We work with you every step of the way to ensure that the process is smooth and straightforward, whether you're a first-time homebuyer or looking to refinance an existing mortgage.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $13,577,320 in loans helping members manage their finances effectively. Our credit card options come with competitive rates and rewards programs that can fit well into your lifestyle.

Loan Aggregator

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RAIZ FEDERAL CREDIT UNION - El Paso, TX

Type of Loan Offerings

Vehicle Loans

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