Sandia Laboratory Federal Credit Union is headquartered in Albuquerque and is the 2nd largest credit union in the state of New Mexico. It is also the 117th largest credit union in the nation. It was established in 1948 and as of June of 2022, it had grown to 403 employees and 134,150 members at 11 locations. Sandia Laboratory Federal Credit Union has an A health rating.
Membership in Sandia Laboratory Federal Credit Union is open to employees of Sandia National Laboratories, Science Applications International Corporation, and over 300 other companies. Membership is also open to members of the National Museum of Nuclear Science & History (New Mexico residents only).
See current membership details
Besides their regular qualification, you have to be:
• A resident of New Mexico or California
• A member of National Museum of Nuclear Science & History for $30 at a local branch OR
• A member of the Albuquerque International Association $60 individual per year Jan to Dec
They do a soft pull with Experian, not Equifax as I was told initially. Fortunately I unfroze with all three.
During the process at a local branch, only to be told I had to unfreeze with ChexSystem also. Fortunately I had the pin number with me to unfreeze. Took additional 25 minutes.
When I first applied for an account at Sandia, I was very pleased to learn that I could bank with this credit union without paying banking fees. I am happy with the personalized service I received. I had some issues with my accounts while out of the country and my banker went above and beyond to assist me in resolving them. I would recommend Sandia to all whom fit the criteria to bank with them!
I really enjoy using this bank. I had a problem while traveling in a foreign country. They assisted me perfectly, and kept our vacation experience positive. The woman I spoke with on the phone was very understanding, nice and helpful. She made sure that my checking and savings were going to continue working on my trip. I guess that by spending so much time out of the country it flagged all of my accounts, and denied me usage on both of my checking, and savings accounts. Apparently someone that worked at one of the places that I went, copied my card number, and tried to use it to buy a boat. They stopped the purchase, and froze all my accounts. I didn't find out until I went to pay for gas, and my card wouldn't work. I would recommend this bank to anyone!
|Return on Assets - YTD||0.61%|
|Return on Equity - YTD||10.77%|
|Annual Interest Income||$43.5MM|
|Assets and Liabilities|
|Assets||Q2 2022vs Q2 2021||$3.54B$3.31B|
|Loans||Q2 2022vs Q2 2021||$1.53B$1.43B|
|Deposits||Q2 2022vs Q2 2021||$3.31B$2.95B|
|Equity Capital||Q2 2022vs Q2 2021||$203.7MM$323.5MM|
|Loan Loss Allowance||Q2 2022vs Q2 2021||$6.3MM$6.6MM|
|Unbacked Noncurrent Loans||Q2 2022vs Q2 2021||$3.2MM$2.9MM|
|Real Estate Owned||Q2 2022vs Q2 2021||$0$446.00K|
Rates for Sandia Laboratory Federal Credit Union are currently being reviewed.