State Employees Credit Union is headquartered in Santa Fe and is the 6th largest credit union in the state of New Mexico. It is also the 371st largest credit union in the nation. It was established in 1958 and as of March of 2025, it had grown to 186 employees and 53,139 members at 9 locations. State Employees Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in State Employees Credit Union is open to those who live or work in the New Mexico counties of Bernalillo, Dona Ana, Rio Arriba, Sandoval, Santa Fe, San Miguel, or Valencia. Individuals who are currently employed by or retired from any city, county or state agency in New Mexico also qualify for membership. Also eligible to join are employees of any publishing or printing company located in Santa Fe, Taos, and Rio Arriba Counties. Family members of a current State Employees Credit Union member or a membership-eligible individual also qualify for membership.
See current membership details
State Employees Credit Union New Mexico
WARNING! This Bank Is A Joke! Nothing But Problems! They Discriminate against you and they mess with your finances and control who you make payments to. They lock your account so you don’t have access to the App to check your transactions. I called them twice telling them I couldn’t reset my password and so both times they gave me a temporary password and I still could not log in both time. I kept trying but no success, I was starting to get ticked off and frustrated! I even called the TARA Automated System that usually works, but there was a busy signal every time. Then I found a different # to call and it said the system was unavailable! I live 45 minutes away from this Darn Bank so it’s difficult to get there in person to show them how Ridiculous it is, so now I have no other choice but to drive over there and eventually close my account with this Pathetic Bank!
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 65513 |
| Year Chartered | 1958 |
| Employees | 186 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.18% |
| Return on Equity - YTD | 12.83% |
| Annual Interest Income | $15.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $1.29B$1.12B |
| Loans | Q1 2025vs Q1 2024 | $873.1MM$873.9MM |
| Deposits | Q1 2025vs Q1 2024 | $1.16B$1B |
| Equity Capital | Q1 2025vs Q1 2024 | $116.9MM$108.6MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $14.2MM$5.9MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $17.6MM$11.6MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$72K |