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 387th largest credit union in the nation. It was established in 1956 and as of March of 2024, it had grown to 187 employees and 86,521 members at 8 locations. Sandia Area Federal Credit Union's CD rates are 5X 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 the New Mexico counties of Bernalillo, Cibola, Torrance, or Valencia, or the city of Rio Rancho. Membership is also offered to those who subscribe to permaculture ethics, those who have completed a Permaculture Institute-recognized permaculture design course, or those who are members of an affiliated regional Permaculture Institute.
See current membership details

Reviews (4)

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!

Don't Trust Sandia Area CU For A Loan.

Posted by: |

Back in 2021, I applied for a Vehicle Loan. Not only did I have an 800+ Credit Score, I had 2 fairly new paid off vehicle as collateral. Not only did my loan get denied, I was never given a reason as to why they made their decision and it also left a hard inquiry on my credit report. I went to Mountain America Credit Union with the same request, and got my vehicle loan at 2.9%. Mountain America has way better customer service too. My recommendation is to seriously consider a different Credit Union.

Terrible Platform, Terrible Service. Wasted Hours Of My Life.

Posted by: |

Wasted hours trying to open an account online. Their web is bugged. Keep saying routing number is incorrect.
I have used my current checking account's routing number for bills pay and funds transfer all the time and never had an issue.
I have called in and spoke with a rep and no help. Then try to talk to a supervisor and got no help there. The supervisor won't even acknowledge the problem. Keep saying its my problem. Completely useless.

Wasted 3 hours of my life. Stay away!!!

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 - YTD0.7%
Return on Equity - YTD7.05%
Annual Interest Income$12.3MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$1.19B$1.12B
LoansQ1 2024vs Q1 2023$1.01B$954.7MM
DepositsQ1 2024vs Q1 2023$1.05B$979MM
Equity CapitalQ1 2024vs Q1 2023$117.4MM$107.5MM
Loan Loss AllowanceQ1 2024vs Q1 2023$7.4MM$7.6MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$595K$949K
Real Estate OwnedQ1 2024vs Q1 2023$28K$0
Report an Issue

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*-Traditional Savings
OTHER TIERS: 0.05% $100 - $1k | 0.10% $1k - $50k
0.15%*$50k*-IRA Share Account
OTHER TIERS: 0.05% $0 - $1k | 0.10% $1k - $50k

Sandia Area Federal Credit Union Money Market Rates

2.00%$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

Sandia Area Federal Credit Union CD Rates

4.70%$500-6 Month Share Certificate
4.65%$500-12 Month Share Certificate
3.90%$500-24 Month Share Certificate
3.75%$500-36 Month Share Certificate
3.10%$500-48 Month Share Certificate

Sandia Area Federal Credit Union IRA Rates

4.75%$500-6 Month IRA Share Certificate
4.70%$500-12 Month IRA Share Certificate
4.00%$500-24 Month IRA Share Certificate
3.85%$500-36 Month IRA Share Certificate
3.10%$500-48 Month IRA Share Certificate

Sandia Area Federal Credit Union Locations
Branch Office8000 Palomas Ave NEAlbuquerque, NM 87109
Branch Office1601 Rio Rancho Blvd SERio Rancho, NM 87124-1093
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
Corporate Office3721 Rutledge Rd NE Ste AAlbuquerque, NM 87109-5566

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.