State Employees Credit Union


Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.00%18-month CD15 Month CD
0.40%6-month CD7 Month CD
2.05%Reward CheckingKasasa Cash

Overview / Commentary
505-983-7328
813 Saint Michaels Dr
Santa Fe, NM 87505-7607

State Employees Credit Union is headquartered in Santa Fe and is the 8th largest credit union in the state of New Mexico. It is also the 521st largest credit union in the nation. It was established in 1958 and as of June of 2018, it had grown to 136 employees and 44,309 members at 8 locations. State Employees Credit Union's CD rates are 11% 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

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Reviews (2)

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.



Health

Health Grade Components

Overall
NCUA #65513
Year Chartered1958
Employees136
Primary Regulator
Profit Margin
Return on Assets - YTD1.34%
Return on Equity - YTD11.88%
Annual Interest Income$10.1MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$541.4MM$498.5MM
LoansQ2 2018vs Q2 2017$435.5MM$392.3MM
DepositsQ2 2018vs Q2 2017$473.4MM$436.8MM
Equity CapitalQ2 2018vs Q2 2017$60.6MM$54.7MM
Loan Loss AllowanceQ2 2018vs Q2 2017$4.0MM$4.3MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$1.6MM$1.3MM
Real Estate OwnedQ2 2018vs Q2 2017$234.00K$526.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*-$25kKasasa Saver for Cash
OTHER TIERS: 0.30% $25k+
0.75%*-$25kKasasa Saver for Cash Back
OTHER TIERS: 0.30% $25k+
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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.05%*-$25kKasasa Cash
OTHER TIERS: 0.30% $25k+

State Employees Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$1k-60 Month CD
1.75%$1k-48 Month CD
1.55%$1k-36 Month CD
1.45%$1k-24 Month CD
1.00%$1k-12 Month CD
1.00%$1k-15 Month CD
0.40%$1k-6 Month CD
0.40%$1k-7 Month CD
Locations


State Employees Credit Union Locations
Branch Office1201 Mills AveLas Vegas, NM 87701
Branch Office3521 Montgomery Blvd NEAlbuquerque, NM 87107
Branch Office4920 Promenade BlvdSanta Fe, NM 87507
Branch Office1870 Emilio Lopez Rd NWLos Lunas, NM 87031-6804
Branch Office813 Saint Michaels DrSanta Fe, NM 87505-7607
Branch Office7851 Enchanted Hills Blvd NERio Rancho, NM 87144-8735
Branch Office811 Saint Michaels DrSanta Fe, NM 87505-7641
Branch Office19390 Highway 314Belen, NM 87002-6377

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