Sandia Area Federal Credit Union


Overview / Commentary
505-292-6343
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 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

Related Posts

Sandia Area Fed Credit Union Adds Rate-Leading 13-Month CD Special - 10/26/2023

Sandia Area Federal Credit Union (easy membership) has added a rate-leading 13-Month Share Certificate Special that offers a one-time penalty-free withdrawal.

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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

Health Grade Components

Overall
NCUA #11316
Year Chartered1956
Employees179
Primary Regulator
Profit Margin
Return on Assets - YTD0.91%
Return on Equity - YTD9.34%
Annual Interest Income$18.2MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$1.13B$1.04B
LoansQ2 2023vs Q2 2022$968.9MM$880.4MM
DepositsQ2 2023vs Q2 2022$984.1MM$900.2MM
Equity CapitalQ2 2023vs Q2 2022$109.7MM$99.8MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$8.4MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$918.00K$385.00K
Real Estate OwnedQ2 2023vs Q2 2022$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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% Up to $1k | 0.10% $1k - $50k

Sandia Area Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$500-Dividend Checking
0.05%$500-Senior Checking

Sandia Area Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.10%$500-6 Month Share Certificate
5.00%$500-12 Month Share Certificate
4.25%$500-24 Month Share Certificate
4.00%$500-36 Month Share Certificate
3.10%$500-48 Month Share Certificate

Sandia Area Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$500-12 Month IRA Share Certificate
4.75%$500-6 Month IRA Share Certificate
4.25%$500-24 Month IRA Share Certificate
4.00%$500-36 Month IRA Share Certificate
3.10%$500-48 Month IRA Share Certificate
Locations


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

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