Southwest Federal Credit Union


Overview / Commentary
505-243-6751
8111 Harper Dr NE
Albuquerque, NM 87111

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 2,050th largest credit union in the nation. It was established in 1936 and as of March of 2025, it had grown to 23 employees and 4,296 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

Reviews

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Health
B+
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

Overall
NCUA #964
Year Chartered1936
Employees23
Primary Regulator
Profit Margin
Return on Assets - YTD-0.96%
Return on Equity - YTD-34.75%
Annual Interest Income$737K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$78MM$75MM
LoansQ1 2025vs Q1 2024$34.2MM$35.4MM
DepositsQ1 2025vs Q1 2024$75.8MM$72.6MM
Equity CapitalQ1 2025vs Q1 2024$2.1MM$2.2MM
Loan Loss AllowanceQ1 2025vs Q1 2024$189K$162K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$43K$82K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

Rates for Southwest Federal Credit Union are currently being reviewed.

Locations


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

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