2. Nusenda Credit Union

Nusenda Credit Union


Overview / Commentary
www.nusenda.org
505-889-7755
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 115th largest credit union in the nation. It was established in 1936 and as of December of 2018, it had grown to 493 employees and 198,538 members at 20 locations. Nusenda Credit Union's CD rates are 94% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Nusenda Credit Union is open to anyone through 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 County. (Membership requirements are listed in the credit union's online application)
See current membership details

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Reviews (5)

A good place to bank

Posted by: danielali2 | Mar 30, 2017

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.

2

I like Nusenda

Posted by: Jay1001 | Oct 26, 2016

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.)

2

great

Posted by: AnthonyCarlosColon | Dec 26, 2014

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 I once had an issue with fraud, my paypal account was hacked and all the funds from my credit union account were withdrawn.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.

1

Terrible Experience. Misleading Info. AVOID.

Posted by: Saver20182018 | Mar 16, 2018

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.

7

Take Time To Shop Around

Posted by: Glen Miller | Feb 12, 2016

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.

4


Health
A

Data as of Q4 2018

Learn why bank health matters

Health Grade Components

Overall
NCUA #948
Year Chartered1936
Employees493
Primary Regulator
Profit Margin
Return on Assets - YTD1.21%
Return on Equity - YTD11.81%
Annual Interest Income$83.6MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$2.27B$2.05B
LoansQ4 2018vs Q4 2017$1.83B$1.68B
DepositsQ4 2018vs Q4 2017$2.00B$1.81B
Equity CapitalQ4 2018vs Q4 2017$232.3MM$210.0MM
Loan Loss AllowanceQ4 2018vs Q4 2017$13.2MM$11.8MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$7.9MM$9.3MM
Real Estate OwnedQ4 2018vs Q4 2017$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%*$200k*-Money Market Account
OTHER TIERS: 0.20% → $2.5k - $25k | 0.30% → $25k - $50k | 0.35% → $50k - $75k | 0.45% → $75k - $100k | 0.50% → $100k - $200k

Nusenda Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$100k*-Dividend Checking
OTHER TIERS: 0.05% → $2.5k - $10k | 0.10% → $10k - $25k | 0.20% → $25k - $100k

Nusenda Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.59%*$200k*-60 Month CD
OTHER TIERS: 2.04% → $1k - $10k | 2.14% → $10k - $25k | 2.24% → $25k - $50k | 2.29% → $50k - $75k | 2.34% → $75k - $100k | 2.49% → $100k - $200k
2.40%*$200k*-48 Month CD
OTHER TIERS: 1.85% → $1k - $10k | 1.95% → $10k - $25k | 2.05% → $25k - $50k | 2.10% → $50k - $75k | 2.15% → $75k - $100k | 2.30% → $100k - $200k
2.35%*$200k*-36 Month Bump Rate CD
OTHER TIERS: 1.80% → $1k - $10k | 1.90% → $10k - $25k | 2.00% → $25k - $50k | 2.05% → $50k - $75k | 2.10% → $75k - $100k | 2.25% → $100k - $200k
2.30%*$200k*-24 Month CD
OTHER TIERS: 1.75% → $1k - $10k | 1.85% → $10k - $25k | 1.95% → $25k - $50k | 2.00% → $50k - $75k | 2.05% → $75k - $100k | 2.20% → $100k - $200k
1.85%*$200k*-18 Month CD
OTHER TIERS: 1.30% → $1k - $10k | 1.40% → $10k - $25k | 1.50% → $25k - $50k | 1.55% → $50k - $75k | 1.60% → $75k - $100k | 1.75% → $100k - $200k
1.75%*$200k*-12 Month CD
OTHER TIERS: 1.20% → $1k - $10k | 1.30% → $10k - $25k | 1.40% → $25k - $50k | 1.45% → $50k - $75k | 1.50% → $75k - $100k | 1.65% → $100k - $200k
0.60%*$200k*-6 Month CD
OTHER TIERS: 0.15% → $1k - $10k | 0.25% → $10k - $25k | 0.35% → $25k - $50k | 0.40% → $50k - $75k | 0.45% → $75k - $100k | 0.50% → $100k - $200k
0.57%*$200k*-3 Month CD
OTHER TIERS: 0.12% → $1k - $10k | 0.22% → $10k - $25k | 0.32% → $25k - $50k | 0.37% → $50k - $75k | 0.42% → $75k - $100k | 0.47% → $100k - $200k

Nusenda Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.59%*$200k*-60 Month IRA
OTHER TIERS: 2.04% → $500 - $10k | 2.14% → $10k - $25k | 2.24% → $25k - $50k | 2.29% → $50k - $75k | 2.34% → $75k - $100k | 2.49% → $100k - $200k
2.40%*$200k*-48 Month IRA
OTHER TIERS: 1.85% → $500 - $10k | 1.95% → $10k - $25k | 2.05% → $25k - $50k | 2.10% → $50k - $75k | 2.15% → $75k - $100k | 2.30% → $100k - $200k
2.35%*$200k*-36 Month Bump Rate IRA
OTHER TIERS: 1.80% → $500 - $10k | 1.90% → $10k - $25k | 2.00% → $25k - $50k | 2.05% → $50k - $75k | 2.10% → $75k - $100k | 2.25% → $100k - $200k
2.30%*$200k*-24 Month IRA
OTHER TIERS: 1.75% → $500 - $10k | 1.85% → $10k - $25k | 1.95% → $25k - $50k | 2.00% → $50k - $75k | 2.05% → $75k - $100k | 2.20% → $100k - $200k
1.85%*$200k*-18 Month IRA
OTHER TIERS: 1.30% → $500 - $10k | 1.40% → $10k - $25k | 1.50% → $25k - $50k | 1.55% → $50k - $75k | 1.60% → $75k - $100k | 1.75% → $100k - $200k
1.75%*$200k*-12 Month IRA
OTHER TIERS: 1.20% → $500 - $10k | 1.30% → $10k - $25k | 1.40% → $25k - $50k | 1.45% → $50k - $75k | 1.50% → $75k - $100k | 1.65% → $100k - $200k
0.60%*$200k*-6 Month IRA
OTHER TIERS: 0.15% → $500 - $10k | 0.25% → $10k - $25k | 0.35% → $25k - $50k | 0.40% → $50k - $75k | 0.45% → $75k - $100k | 0.50% → $100k - $200k
0.57%*$200k*-3 Month IRA
OTHER TIERS: 0.12% → $500 - $10k | 0.22% → $10k - $25k | 0.32% → $25k - $50k | 0.37% → $50k - $75k | 0.42% → $75k - $100k | 0.47% → $100k - $200k
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