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 398th largest credit union in the nation. It was established in 1956 and as of June of 2023, it had grown to 179 employees and 82,124 members at 7 locations. Sandia Area Federal Credit Union's CD rates are 6X the national average, and it has 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
Great for Everyone
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.
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.
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....
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 11316 |
| Year Chartered | 1956 |
| Employees | 179 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.91% |
| Return on Equity - YTD | 9.34% |
| Annual Interest Income | $18.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $1.13B$1.04B |
| Loans | Q2 2023vs Q2 2022 | $968.9MM$880.4MM |
| Deposits | Q2 2023vs Q2 2022 | $984.1MM$900.2MM |
| Equity Capital | Q2 2023vs Q2 2022 | $109.7MM$99.8MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$8.4MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $918.00K$385.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |