Nusenda Credit Union (NM) Has Top Rate 18-Month CD


Update 8/8/20: The CD rates have fallen. The 18-month CD rate is now 1.25% APY for all tiers.

Deal Summary: 18-month CD, 1.55% APY ($200k), 1.45% APY ($100k), 1.40% APY ($75k), 1.35% APY ($50k), 1.30% APY ($25k), 1.20% APY ($10k), 1.10% APY ($1k).

Availability: Easy membership requirement for New Mexico residents.

While the tiered rates on Nusenda Credit Union’s (Nusenda CU) 18-month CD have lost 30 bps between March and June, they are still the highest 18-month CD rates available in New Mexico. With seven deposit levels between $1k and $200k, the tiered APYs range from 1.10% to 1.55%.

The 18-month CD is also available as an IRA CD (Traditional, Roth, CESA), earning the same APYs with the same tiered deposit levels.

As stated in the Truth-in-Savings disclosure the Early Withdrawal Penalty reads as follows:

If your account has an original maturity of 18 to 24 months:
The penalty we may impose will be 6 months of interest.

36-Month Bump Rate CD

Nusenda CU’s 36-month Bump Rate continues to earn 1.55% APY and remains competitive. Should the rate on a similar length-of-term CD increase, the “bump” option permits a one-time rate increase for the 36-month Bump Rate CD. If the bump option is utilized, unlimited additional funds can be deposited at the time of the bump.

If your account has an original maturity of 36 to 48 months:
The penalty we may impose will be 1 year of interest.


Headquartered in Albuquerque, New Mexico, Nusenda Credit Union’s field of membership (FOM) has a way for virtually all New Mexico residents to join.

Limited Easy Membership – New Mexico residents who join the New Mexico Wilderness Alliance (NMWA) are eligible for membership. Joining NMWA and Nusenda CU can be done simultaneously.

Residency - Individuals who live or work in the New Mexico counties of Bernalillo, Sandoval, Santa Fe, Socorro, Taos, or Valencia qualify for membership.

Employment - Employees of hundreds of SEGs are also membership eligible.

According to CSR, the easiest way to join Nusenda CU and/or open a CD is over the phone (505.889.7755 or 800.347.2838). There is an online application of sorts, but

Once you fill out this short online form, we’ll follow up with you shortly to qualify you for membership and discuss the benefits of being the newest member-owner of Nusenda Credit Union.

Joining and/or opening a Share Certificate can also be done at any of 20 New Mexico branches, located in Albuquerque (14), Los Lunas, Rio Rancho (2), Santa Fe, Socorro, and Taos. Lobby and drive-up services at all branch locations have resumed, but the number of members allowed in each branch will be limited. Appointments are available and recommended: anyone with prescheduled appointment will be seen at the scheduled time, even if there is a line.

You must complete payment of $5.00 in either a Transaction Share or Share Account within 6 months of admission to membership. You must maintain a minimum daily balance of $5.00 in the account at all times to maintain your status as a member in good standing and to be eligible for other credit union services.

Nusenda CU participates in the CO-OP Shared Branch and ATM networks, giving members access to “30,000 ATMs and 5,000 shared branches coast to coast, so you have options wherever you go.”

Credit Union Overview

Nusenda Credit Union has an overall health grade of "A+" at, with a Texas Ratio of 2.23% (excellent), based on March 31, 2020 data. In the past year, Nusenda CU increased its total non-brokered deposits by $175.84 million, an excellent annual growth rate of 8.35%. Please refer to our financial overview of Nusenda Credit Union (NCUA Charter # 948) for more details.

Nusenda Credit Union is New Mexico’s second largest credit union, with nearly 215,000 members and assets in excess of $2.5 billion. The Credit Union was founded in 1935 as the Albuquerque Public Schools Federal Credit Union by eight school employees, including the president of the Albuquerque Teacher’s Association. The FOM continued to expand, eventually including employees and students of schools throughout the state. The growth prompted the need for a new name, and in 1982, the New Mexico Educators Federal Credit Union made its debut. The Nusenda rebrand occurred in 2015. In case you were wondering, Nusenda is just a made-up word. According to a KRQE article,

Credit Union reps says "Nusenda" signifies their unique spin on their bond
with the community, the future of banking and the service they offer.

How the CD Compares

When compared to 182 similar length-of-term CDs tracked by that are available to all New Mexico residents, most of Nusenda Credit Union’s 18-month CD tiered APYs rank at the top, regardless of deposit requirements.

How the Bump Rate CD Compares

When compared to 238 similar length-of-term CDs tracked by that require a similar minimum deposit and are available to all New Mexico residents, Nusenda Credit Union’s 36-month Bump Rate CD APY currently ranks first.

The above rates are accurate as of 8/7/2020.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: El Paso CD rates, Albuquerque CD rates, 1-year CD rates, 5-year CD rates

Nusenda Credit Union Offers Top 1-Year CD Rate In New Mexico
Deal Summary: 12-month CD, 1.35% APY, $1k min deposit. 36-month Bump Rate CD, 1.55% APY, $1k min deposit, one-time rate increase during the term.

Availability: Easy membership requirement for New Mexico residents.

While Nusenda Credit Union’s (Nusenda CU) 12-month CD 1.35% APY has not changed since May, it’s become quite competitive as many nationally available and local 1-year CD rates fell. Unlike the other CDs in the product line, the 12-month CD does not have tiered APYs and earns 1.35% APY on all balances of $1k or...

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Nusenda Credit Union (NM) Has Top Rate 36-Month Bump Rate CD
Deal Summary: 36-Month Bump Rate CD, 2.70% APY, $1k minimum deposit, one rate increase with an unlimited add-on.

Availability: Easy membership requirement in New Mexico.

Nusenda Credit Union (Nusenda CU) is currently offering 2.70% APY on its 36-month Bump Rate CD. Unlike the other CDs in the product line, the 36-month Bump Rate CD does not have tiered APYs and earns 2.70% APY on all balances of $1k or more.

Should the rate on a similar length-of-term CD increase, the “bump” option permits a one-time rate increase for the...

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Nationally Available 60-Month CD At Nusenda CU

UPDATE 3/26/18: NM Wilderness Alliance members must now be NM residents to be eligible to join the credit union.

Deal Summary: 60-Month Share Certificate, seven APYs (2.78% - 3.23% APY) based on seven deposit tiers ($1k to $200k).

Availability: Easy membership requirement for New Mexico residents

March is proving to be a very interesting month: not only are rates continuing to rise, but previously unknown easy membership requirement (EMR) credit unions are offering some excellent deals. The latest is Nusenda Credit Union (Nusenda CU), which recently upped the...

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