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Raiz Federal Credit Union finances a multi-million dollar development, Azul Cielo Townhouses, on the west side of El Paso

Paving the Way for a Brighter El Paso

EL PASO, TX (February 6, 2024) — On February 2, 2024, in a bold step towards community enrichment, Raiz Federal Credit Union proudly announces the groundbreaking of Azul Cielo Townhouses – a visionary project that not only addresses the housing shortage in West El Paso but also embodies Raiz’s unwavering commitment to the economic development and well-being of the community.

At the heart of Raiz Federal Credit Union’s vision is the belief that financial institutions should be catalysts for positive change, creating opportunities and fostering growth in the regions they serve. The Azul Cielo Townhouses development exemplifies this promise, standing as a testament to Raiz’s dedication to building a brighter future for El Paso.

“We envision a community where every resident has access to quality housing, where families can thrive, and where professionals find a home that complements their success. Azul Cielo Townhouses is not just a project; it’s a realization of that vision,” stated Max Villaronga, President and CEO at Raiz Federal Credit Union.

The 2.7-acre high-end residential complex, a collaborative effort with Exigo, addresses the pressing shortage of homes for sale in West El Paso, particularly catering to the needs of young families and professionals. With 43 thoughtfully designed units, the townhouses offer a harmonious blend of luxury and practicality within a secure gated community.

The vision extends beyond the physical structures, we are crafting homes and spaces where families will build their dreams and create lasting memories. Azul Cielo Townhouses is designed to foster a sense of belonging, providing residents not just with a home but with a community where relationships flourish and aspirations take root.

Raiz Federal Credit Union invites prospective homeowners to be a part of this transformative journey. The first phase of construction is expected to be completed by October 2024, offering residents an opportunity to experience the pinnacle of luxury living in West El Paso.

As a financial institution deeply rooted in the El Paso community, Raiz Federal Credit Union remains steadfast in its commitment to creating positive change. Azul Cielo Townhouses is not just a development; it’s a promise fulfilled, a symbol of Raiz’s dedication to building a prosperous and connected community for generations to come. To learn more about Raiz Federal Credit Union and its award-winning services, visit www.raiz.us.


About Raiz Federal Credit Union

At Raiz (pronounced as "rise"), our members and strong, vibrant community inspire us daily. We share a passion for knowledge and the pursuit of growth, grounded in our heritage as El Paso Area Teachers Federal Credit Union (TFCU). Today, we guide members from many professions to focus on their goals and help them get here. We're proud of our roots in El Paso (since 1936) as we envision a bold path forward, leading the way with passion. With over 73,000+ members strong and $1 Billion in assets, we provide a full range of high-quality financial services at the great rates and low costs you can expect from a first-class credit union. Join us and experience the difference that comes from working with people who care. The meaning behind our name: Spanish for root and pronounced as raíz (en Espa ñol) or rise (in English), our new identity grows from our heritage in the community. Grounded in the roots of our beginning with teachers, sharing a passion for knowledge and pursuit of growth. We inspire our members and employees to feel connected to our future potential together. We are rising and inviting people to move forward with us.

The meaning behind our name:

Spanish for root and pronounced as Raiz, our new identity grows from our heritage in the community. Grounded in the roots of our beginning with teachers, sharing a passion for knowledge and pursuit of growth. We inspire our members and employees to feel connected to our future potential together. We are rising and inviting people to move forward with us. As we look out to the light over the Franklin Mountains rising from El Paso, we look up and ahead to an even brighter tomorrow.

Contacts

Ale Loeza | Marketing & PR Manager |
915-926-2698 | aloeza@raiz.us

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