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 36-month Bump Rate CD. If the bump option is utilized, unlimited additional funds can be deposited at the time of the bump.

1.85*%$1k-Nusenda Credit Union36 Month Bump Rate CD
1.85*%$500-Nusenda Credit Union36 Month Bump Rate IRA (Traditional, Roth, CESA)
Rates as of May 29, 2020.

The 36-month Bump Rate CD is also available as an IRA (Traditional, Roth, CESA), earning the same APY but requiring a lower minimum deposit of $500.

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

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) is not listed on its website, which seems a strange way to attract new members. When I asked why the FOM isn’t readily available, CSR said the lack of information is intended to spark interest and encourage people to call the Credit Union. I guess it worked – I called.

Limited Easy Membership - All 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 and/or open a CD is to call (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.

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 2.64% (excellent), based on September 30, 2019 data. In the past year, Nusenda CU increased its total non-brokered deposit by $156.12 million, an excellent annual growth rate of 7.86%. 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 209,000 members and assets in excess of $2.4 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 Bump Rate CD Compares

When compared to 255 similar length-of-term CDs tracked by that require a similar minimum deposit and are available to New Mexico residents, Nusenda Credit Union’s 36-Month Bump Rate CD APY currently ranks first.

The above rates are accurate as of 2/21/2020.

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

Related Pages: Albuquerque CD rates, 5-year CD rates

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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