Nusenda Credit Union

Overview / Commentary
4100 Pan American FWY NE
Albuquerque, NM 87107

Nusenda Credit Union is headquartered in Albuquerque and is the 2nd largest credit union in the state of New Mexico. It is also the 114th largest credit union in the nation. It was established in 1936 and as of June of 2020, it had grown to 563 employees and 216,465 members at 20 locations. Nusenda Credit Union's money market rates are 14% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Nusenda Credit Union is open to all New Mexico residents by joining the New Mexico Wilderness Alliance ($35 membership fee). Membership is also open to those who live, work, worship, or attend school in Socorro, Taos, or Valencia Counties. (Membership requirements are listed in the credit union's online application)
See current membership details

Related Posts

Nusenda Credit Union (NM) Has Top Rate 18-Month CD - 8/7/2020

Nusenda Credit Union's (easy membership in NM) 18-month CD has seven competitive tiered APYs on seven deposits levels ranging from $1k to $200k.

Nusenda Credit Union Offers Top 1-Year CD Rate In New Mexico - 7/18/2020

Nusenda Credit Union (easy membership in New Mexico) is currently offering competitive rates on its 12-month CD and on its 36-month Bump Rate CD.

Nusenda Credit Union (NM) Has Top Rate 36-Month Bump Rate CD - 2/21/2020

Nusenda Credit Union (easy membership in NM) is offering 2.70% APY ($1k min) on its 36-month Bump Rate CD. Features a one-time rate bump, with an add-on.

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Reviews (5)

A good place to bank

I had both a savings and checking account with Nusenda and overall, it was a good experience. I once wrote a check for rent from the account that was about to bounce, and they called me to give me a chance to rectify the issue before allowing the check to be cashed. They also reversed overdraft fees a couple of times after I asked and offered them an explanation for why I was overdrawn. Every time I've entered the branch near my home, they've been polite and courteous to me. The setup process for getting an online account was kind of confusing, but I imagine they've fixed that since I was a member. Once I had an account, I found it relatively easy to use.

I like Nusenda

Posted by: |

I've been pleased with Nusenda's checking. There's no fees and no minimum, assuming you waive paper statements. (Monthly statements are still accessible in .PDF format.) At the local Lomas Blvd. branch, I've found staff to be friendly and helpful. The teller lines can get a bit long during peak check cashing times, but at least the coffee's free. (And I use direct deposit so it rarely effects me.)


I have had nothing but great experiences with this bank. It is easy to set up an account with them and the customer service is outstanding. I once had an issue with fraud, my paypal account was hacked and all the funds from my credit union account were withdrawn. They were extremely prompt to work with me to rectify the situation. I really appreciate that they didn't hassle me or make me feel like I was lying or that it was my fault.

Overall New Mexico Educators Credit Union is a fantastic credit union.

Terrible Experience. Misleading Info. AVOID.

I wanted to open a Nusenda account on 3/15/2018. I paid $35 to the New Mexico Wilderness Alliance to qualify for membership. Nusenda did a hard pull on my credit and then said I had to come into a branch to open an account. What a load of garbage! This is in direct conflict with what they claim online.

Take Time To Shop Around

Not happy with Nusena (formerly NM Educators). In January, 2016, they changed over to a "new and improved" internet computer system; it took me over 4 hours to get my three accounts up and running afterward. They pay .35% on an IRA account--that's terribly uncompetitive! Ally, for example, offers 1%, plus a bonus if you transfer from another IRA account. Shop around--there are lots of CUs and banks out there.


Health Grade Components

NCUA #948
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD1%
Return on Equity - YTD9.68%
Annual Interest Income$49.1MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$2.87B$2.41B
LoansQ2 2020vs Q2 2019$2.05B$1.87B
DepositsQ2 2020vs Q2 2019$2.56B$2.11B
Equity CapitalQ2 2020vs Q2 2019$282.7MM$253.8MM
Loan Loss AllowanceQ2 2020vs Q2 2019$17.6MM$13.1MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$8.7MM$6.5MM
Real Estate OwnedQ2 2020vs Q2 2019$0$0
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Always verify rates and promotions with the bank or credit union. We are not Nusenda Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Nusenda Credit Union Savings Account Rates

1.00%$5-Holiday Club
1.00%$5-Vacation Club
0.35%$5-IRA Share
0.15%*$10k*-Regular Savings
OTHER TIERS: 0.10% $100 - $10k
0.05%$2k-Transaction Savings

Nusenda Credit Union Money Market Rates

0.50%*$200k*-Money Market Account
OTHER TIERS: 0.20% $2.5k - $25k | 0.30% $25k - $50k | 0.35% $50k - $75k | 0.40% $75k - $100k | 0.45% $100k - $200k

Nusenda Credit Union Checking Account Rates

0.20%*$100k*-Dividend Checking
OTHER TIERS: 0.05% $2.5k - $10k | 0.10% $10k - $25k | 0.15% $25k - $100k

Nusenda Credit Union CD Rates

1.40%$1k-48 Month CD
1.40%$1k-60 Month CD
1.35%$1k-36 Month Bump Rate CD
1.20%$1k-24 Month CD
1.00%$1k-18 Month CD
0.90%$1k-12 Month CD
0.55%$1k-6 Month CD
0.35%$1k-3 Month CD

Nusenda Credit Union IRA Rates

1.40%$500-48 Month IRA
1.40%$500-60 Month IRA
1.35%$500-36 Month Bump Rate IRA
1.20%$500-24 Month IRA
1.00%$500-18 Month IRA
0.90%$500-12 Month IRA
0.55%$500-6 Month IRA
0.35%$500-3 Month IRA


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