Sandia Area Federal Credit Union

Overview / Commentary
8000 Palomas Ave NE
Albuquerque, NM 87109

Sandia Area Federal Credit Union is headquartered in Albuquerque and is the 4th largest credit union in the state of New Mexico. It is also the 407th largest credit union in the nation. It was established in 1956 and as of September of 2022, it had grown to 166 employees and 78,346 members at 7 locations. Sandia Area Federal Credit Union's CD rates are 4X the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Membership to Sandia Area Federal Credit Union is open to those who work, worship, live or attend school, or business and other legal entities located in Rio Rancho city and the counties of Bernalillo, Cibola, Torrance and Valencia. Membership also is offered to those who subscribe to permaculture ethics; those who have completed a Permaculture Institute-recognized permaculture design course and those who are members of an affiliated regional Permaculture Institute.
See current membership details

Reviews (2)

Great for Everyone

Posted by: |

My banking experience with Sandia Area Federal Credit Union goes way back. My dad is retired from Sandia Labs here in Albuquerque and this bank was made for those employees. Overtime, the decided to let anyone join. I remember being a kid and going to the bank. Even as a child I knew the bank was something special. They never had any lines and the workers were always friendly. When I grew up and needed a bank, I learned that anyone could now join this bank. I joined right away and I am glad I did. The fees are super low compared to many other banks. The service is very good and I have never had a problem with them. I am very proud to be a member of this bank!

Super Bad Service

Complete worse treatment I have ever had.... hold money so you don't have it... charges like crazy on fees can't explain... bad customer service they lies and won't help... with hold account info.... and fails to process transaction in order and in timely manner.... I have had one year of nothing but bad service....


Health Grade Components

NCUA #11316
Year Chartered1956
Primary Regulator
Profit Margin
Return on Assets - YTD0.98%
Return on Equity - YTD10.38%
Annual Interest Income$20.7MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$1.06B$935.9MM
LoansQ3 2022vs Q3 2021$919.8MM$779.1MM
DepositsQ3 2022vs Q3 2021$923.3MM$805.7MM
Equity CapitalQ3 2022vs Q3 2021$99.4MM$100.1MM
Loan Loss AllowanceQ3 2022vs Q3 2021$8.3MM$7.5MM
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$476.00K$538.00K
Real Estate OwnedQ3 2022vs Q3 2021$0$0
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Always verify rates and promotions with the bank or credit union. We are not Sandia Area Federal 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.

Sandia Area Federal Credit Union Savings Account Rates

0.15%*$50k*-IRA Share Account
OTHER TIERS: 0.05% Up to $1k | 0.10% $1k - $50k

Sandia Area Federal Credit Union Money Market Rates

1.50%$500-Grow Money Market
0.30%*$250k*-IRA Money Market Account
OTHER TIERS: 0.10% $1k - $25k | 0.15% $25k - $100k | 0.20% $100k - $150k | 0.25% $150k - $250k

Sandia Area Federal Credit Union Checking Account Rates

0.05%$500-Dividend Checking
0.05%$500-Senior Checking

Sandia Area Federal Credit Union CD Rates

3.25%$500-12 Month Share Certificate
3.10%$500-48 Month Share Certificate
3.00%$500-24 Month Share Certificate
3.00%$500-36 Month Share Certificate
2.70%$500-6 Month Share Certificate

Sandia Area Federal Credit Union IRA Rates

1.75%$500-48 Month IRA Share Certificate
1.65%$500-36 Month IRA Share Certificate
1.55%$500-24 Month IRA Share Certificate
1.05%$500-12 Month IRA Share Certificate
0.60%$500-6 Month IRA Share Certificate

Sandia Area Federal Credit Union Locations
Branch Office8000 Palomas Ave NEAlbuquerque, NM 87109
Branch Office1601 Rio Rancho Dr SERio Rancho, NM 87124
Branch Office6410 Coors Blvd NWAlbuquerque, NM 87120
Branch Office1850 Wyoming Blvd SEAlbuquerque, NM 87117
Branch Office8505 Candelaria Rd NEAlbuquerque, NM 87112
Branch Office4881 Main StreetSanta Fe, NM 87507
Branch Office11301 Montgomery Blvd NEAlbuquerque, NM 87111

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