Southwest Federal Credit Union

Overview / Commentary
8111 Harper Dr NE
Albuquerque, NM 87111

Southwest Federal Credit Union is headquartered in Albuquerque and is the 18th largest credit union in the state of New Mexico. It is also the 2,045th largest credit union in the nation. It was established in 1936 and as of September of 2019, it had grown to 21 employees and 4,990 members at 4 locations. Southwest Federal Credit Union's CD rates are 94% higher than the national average, and it 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


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Additional 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

NCUA #964
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD0.25%
Return on Equity - YTD3.26%
Annual Interest Income$2.0MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$65.8MM$63.6MM
LoansQ3 2019vs Q3 2018$35.4MM$36.1MM
DepositsQ3 2019vs Q3 2018$60.4MM$58.6MM
Equity CapitalQ3 2019vs Q3 2018$5.1MM$4.6MM
Loan Loss AllowanceQ3 2019vs Q3 2018$145.00K$122.00K
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$49.00K$140.00K
Real Estate OwnedQ3 2019vs Q3 2018$247.00K$245.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Southwest Federal Credit Union Savings Account Rates

0.50%$100-IRA Savings
0.25%*$100k*-Regular Share
OTHER TIERS: 0.10% $100 - $50k | 0.15% $50k - $100k
0.10%$100-Vacation Club
0.10%$100-Christmas Club

Southwest Federal Credit Union Money Market Rates

0.45%*$50k*-Money Market Account
OTHER TIERS: 0.15% Up to $5k | 0.25% $5k - $25k | 0.35% $25k - $50k

Southwest Federal Credit Union Checking Account Rates

0.10%*$500*-Prestige Checking
OTHER TIERS: 0.05% $100 - $500
0.05%$100-Preferred Rewards Checking

Southwest Federal Credit Union CD Rates

2.25%$1k-60 Month CD
2.10%$1k-48 Month CD
2.00%$1k-36 Month CD
1.95%$1k-30 Month CD
1.85%$1k-24 Month CD
1.80%$1k-18 Month CD
1.75%$1k-12 Month CD
1.50%$1k-6 Month CD
1.00%$1k-3 Month CD

Southwest Federal Credit Union IRA Rates

2.25%$1k-60 Month IRA
2.10%$1k-48 Month IRA
2.00%$1k-36 Month IRA
1.95%$1k-30 Month IRA
1.85%$1k-24 Month IRA
1.80%$1k-18 Month IRA
1.75%$1k-12 Month IRA
1.50%$1k-6 Month IRA
1.00%$1k-3 Month IRA

Southwest Federal Credit Union Locations
Branch Office111 S Miller AveFarmington, NM 87401
Branch Office6100 Coors Blvd NWAlbuquerque, NM 87120
Branch Office8111 Harper Dr NEAlbuquerque, NM 87111-1046
Branch Office7600 4th St NWLos Ranchos, NM 87107-6632

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