State Employees Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 1.60% | 18-month CD | 1.60% - National Average |
| 1.00% | 6-month CD | 0.88% - National Average |
| 2.05% | Reward Checking | 2.15% - National Average |
State Employees Credit Union is headquartered in Santa Fe and is the 7th largest credit union in the state of New Mexico. It is also the 506th largest credit union in the nation. It was established in 1958 and as of December of 2018, it had grown to 140 employees and 45,841 members at 8 locations. State Employees Credit Union's CD rates are 78% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Membership is open to those who live or work in Valencia or San Miguel counties, are currently employed by, a contract worker with, or retired from any city, county or state agency in New Mexico. Membership is also open to employees of any publishing or printing company located in Santa Fe, Taos, and Rio Arriba counties or any family member of someone who qualifies or is already a member.
See current membership details
Related Posts
Neighborhood credit union
I have been banking with SECU since I was in community college, so approximately 15 years now. I find their website very user friendly. I have several accounts with SECU including savings, holiday savings and a money market account. I have never had a problem making a deposit or withdrawing funds with a physical teller, and opening the accounts were a breeze. I will say that the branch that I visit has just undergone major renovation and I am not happy with the new setup. There is now only one ATM which is frustrating, and often times I am unable to deposit funds into the ATM. Prior to renovation, there were 2 ATM's and I never had an issue depositing funds into the ATM. Overall for a credit union I feel the interest rates could be a little higher, but it is difficult to find a bank with competitive rates and I am happy here so I have not sought to move my money.
Mediocre Credit Union
I've been a member for about 7 years and I'd have to say it's been mostly a mediocre experience. I was never able to setup an online account with them. They kept promising that capability but it never materialized. When I lived in near to the local branch it was fairly easy to do business with them, but now that I've moved out of the area I have to do everything via snail mail. It's slow and frustrating to try to get things done. The rates on my loan were OK, but nothing great considering that I have an excellent credit rating. They recently changed their reporting to a system that better consolidates your accounts and they put all of that on a single statement, so that should help going forward. I would give them a solid 3/5 because some of the people in the branches are good.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 65513 |
| Year Chartered | 1958 |
| Employees | 140 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.19% |
| Return on Equity - YTD | 10.76% |
| Annual Interest Income | $21.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $569.6MM$515.3MM |
| Loans | Q4 2018vs Q4 2017 | $491.5MM$418.1MM |
| Deposits | Q4 2018vs Q4 2017 | $485.9MM$453.1MM |
| Equity Capital | Q4 2018vs Q4 2017 | $62.1MM$57.2MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $4.0MM$4.1MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $1.8MM$2.2MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $320.00K$72.00K |
Always verify rates and promotions with the bank or credit union. We are not State Employees Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
State Employees Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.75%* | - | $50k | Kasasa Saver for Cash | ||
| OTHER TIERS: 0.30% → $50k+ | |||||
| 0.75% | - | $50k | Kasasa Saver for Cash Back | ||
| 0.40% | - | - | Traditional IRA | ||
| 0.40% | - | - | Roth IRA | ||
| 0.30% | $25 | - | Certificate Builder | ||
| 0.20% | $300 | - | Vacation Club | ||
| 0.20% | $300 | - | Christmas Club | ||
| 0.20% | $300 | - | Member Savings | ||
| 0.20% | $300 | - | Special Savings | ||
| 0.20% | $300 | - | Uniform Gift to Minor Account | ||
State Employees Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.40%* | $50k* | - | Money Manager (Market) | ||
| OTHER TIERS: 0.10% → $1k - $10k | 0.20% → $10k - $25k | 0.30% → $25k - $50k | |||||
State Employees Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.05%* | - | $50k | Kasasa Cash | ||
| OTHER TIERS: 0.30% → $50k+ | |||||
State Employees Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.75% | $1k | - | 60 Month CD | |
| 2.60% | $1k | - | 48 Month CD | |
| 2.55% | $1k | - | 36 Month CD | |
| 2.45% | $1k | - | 24 Month CD | |
| 1.60% | $1k | - | 12 Month CD | |
| 1.60% | $1k | - | 15 Month CD | |
| 1.00% | $1k | - | 7 Month CD | |
| 0.90% | $1k | - | 6 Month CD |
| State Employees Credit Union Locations | ||
|---|---|---|
| Branch Office | 1201 Mills Ave | Las Vegas, NM 87701 |
| Branch Office | 3521 Montgomery Blvd NE | Albuquerque, NM 87107 |
| Branch Office | 4920 Promenade Blvd | Santa Fe, NM 87507 |
| Branch Office | 1870 Emilio Lopez Rd NW | Los Lunas, NM 87031-6804 |
| Branch Office | 813 Saint Michaels Dr | Santa Fe, NM 87505-7607 |
| Branch Office | 7851 Enchanted Hills Blvd NE | Rio Rancho, NM 87144-8735 |
| Branch Office | 811 Saint Michaels Dr | Santa Fe, NM 87505-7641 |
| Branch Office | 19390 Highway 314 | Belen, NM 87002-6377 |