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813 Saint Michaels Dr
Santa Fe, NM 87505-7607

State Employees Credit Union is headquartered in Santa Fe and is the 8th largest credit union in the state of New Mexico. It is also the 596th largest credit union in the nation. It was established in 1958 and as of March of 2014, it had grown to 133 employees and 37,485 members. State Employees Credit Union has a A+ health rating.

Field of Membership Restrictions

Who can join State Employees Credit Union? -Any person who works for or has retired from any state, city, or county agency in New Mexico; -Any employee of companies that do contract work for state, city, or county government, including vendors, road builders, maintenance workers, contractors, etc. who contract with or sell to city, state, or county agencies in New Mexico; -Any person who lives or works in Valencia or San Miguel counties; -Any person who has ever been a member of State Employees Credit Union; -Employees of any publishing or printing company located in Santa Fe, Taos, and Rio Arriba counties (for example, The New Mexican , Outdoor Magazine , The New Mexico Magazine ); -Family members of any of the above groups. - See Details

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 State Employees Credit Union had $2.05 million in non-current loans and owned real-estate with $42.48 million in equity and loan loss allowances on hand to cover it. This gives State Employees Credit Union a Texas Ratio of 4.84% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for State Employees Credit Union decreased slightly from 6.11% as of March 31, 2013 to 4.84% as of March 31, 2014, resulting in a positive change of 20.80%.This indicates that the balance sheet and financial strength for State Employees Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, State Employees Credit Union has increased its total deposits by $13.41 million, resulting in 4.51% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth State Employees Credit Union has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. State Employees Credit Union has $366.94 million in assets with $42.48 million in equity, resulting in a capitalization level of 11.58%, which is excellent.

Institution Statistics

NCUA #65513
Year Chartered1958
Primary Regulator
Assets and Liabilities
Assets$366.94 million
Loans$288.33 million
Deposits$310.43 million
Equity Capital$38.02 million
Loan Loss Allowance$4.46 million
Unbacked Noncurrent Loans$1.95 million
Real Estate Owned$104,000
Historic Data - March 2013
Assets$337.84 million
Equity Capital$34.57 million
Loan Loss Allowance$4.45 million
Unbacked Noncurrent Loans$1.95 million
Real Estate Owned$470,000
Profit Margin - Quarterly
Return on Assets1.22%
Return on Equity11.76%
Interest Income$3.59 million

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State Employees Credit Union Savings Account Rates

0.30%$25-Certificate Builder
0.20%$300-Vacation Club
0.20%$300-Christmas Club
0.20%$50-Member Savings
0.20%--Special Savings
0.20%$300-Uniform Gift to Minor Account

State Employees Credit Union Money Market Rates

0.40%$50k-Money Manager

State Employees Credit Union Checking Account Rates

2.05%-$35kReward Checking - Qualifying
0.05%--Reward Checking - Non Qualifying

State Employees Credit Union CD Rates

1.41%$1k-60 Month CD
1.21%$1k-48 Month CD
1.00%$1k-36 Month CD
0.90%$1k-24 Month CD
0.55%$500-12 Month CD
0.55%$1k-15 Month CD
0.30%$1k-6 Month CD
0.30%$1k-7 Month CD

State Employees Credit Union IRA Rates

0.40%--Traditional IRA
0.40%--Roth IRA

State Employees Credit Union Locations
Branch Office1201 Mills AveLas Vegas, NM 87701
Branch Office3451 Candelaria Rd NEAlbuquerque, NM 87107
Branch Office4920 Promenade BlvdSanta Fe, NM 87507
Branch Office1870 Emilio Lopez Rd NWLos Lunas, NM 87031-6804
Branch Office813 Saint Michaels DrSanta Fe, NM 875057607
Branch Office7851 Enchanted Hills Blvd NERio Rancho, NM 87144-8735
Branch Office811 Saint Michaels DrSanta Fe, NM 87505-7641
Branch Office19390 Highway 314Belen, NM 87002-6377