Overview / Commentary
Southwest Federal Credit Union is headquartered in Albuquerque and is the 17th largest credit union in the state of New Mexico. It is also the 2,075th largest credit union in the nation. It was established in 1936 and as of December of 2024, it had grown to 23 employees and 4,454 members at 3 locations. Southwest Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship or attend school in San Juan County, New Mexico and employees of select area organizations.
See current membership details
Health
B+
Data as of Q4 2024
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Southwest Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 964 |
| Year Chartered | 1936 |
| Employees | 23 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.9% |
| Return on Equity - YTD | -34.85% |
| Annual Interest Income | $2.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $75.4MM$74.1MM |
| Loans | Q4 2024vs Q4 2023 | $35.5MM$37.2MM |
| Deposits | Q4 2024vs Q4 2023 | $73.4MM$71.6MM |
| Equity Capital | Q4 2024vs Q4 2023 | $2MM$2.3MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $186K$196K |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $20K$159K |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |