Rio Grande Credit Union is headquartered in Albuquerque and is the 9th largest credit union in the state of New Mexico. It is also the 643rd largest credit union in the nation. It was established in 1952 and as of June of 2023, it had grown to 167 employees and 46,172 members at 8 locations. Rio Grande Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in Rio Grande Credit Union is open to those who live, work, worship, attend school or, volunteer in Sandoval or Bernalillo Counties in New Mexico. Membership is also open to members of Catholic parishes and employees of more than 80 Select Employer Groups.
See current membership details
Terrible Bank F-
This bank is awful. Their banking system and app is full of errors and very cheaply designed. They constantly charge fees in error and plunder your accounts.. Then it always takes an enormous amount of time to correct it. A few weeks ago this happened costing me around $50, but I didn't have time to make 10 calls and go into the branch and argue. I just discovered it happened again charging me $125. The employees working there do their best to cope with a faulty bank.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62573 |
| Year Chartered | 1952 |
| Employees | 167 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.38% |
| Return on Equity - YTD | -4.64% |
| Annual Interest Income | $14.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $614.1MM$553.1MM |
| Loans | Q2 2023vs Q2 2022 | $453.3MM$398.2MM |
| Deposits | Q2 2023vs Q2 2022 | $558.4MM$493.7MM |
| Equity Capital | Q2 2023vs Q2 2022 | $49.9MM$50.2MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $3.9MM$5.1MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $2.7MM$1.8MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |