Charter 65513 · Santa Fe, NM
State Employees Credit Union
State Employees Credit Union is a state-chartered credit union in Santa Fe, New Mexico, with $1.29 billion in assets and 56,434 members as of June 30, 2026, according to the call report it filed with NCUA. Its net worth ratio was 11.38%, well above the 7% that NCUA's rules treat as well capitalized.
- Total assets
- $1.29 billion
- -1.1% in a year
- Members
- 56,434
- +5.4% in a year
- Net worth ratio
- 11.38%
- Peer median 10.79%
- Loans 60+ days late
- 4.46%
- Peer median 0.67%
- Loans outstanding
- $949 million
- +7.3% in a year
- Shares and deposits
- $1.14 billion
- -2.2% in a year
- Branches
- 7
- 212 employees
- Opened
- 1958
- New Mexico charter
How State Employees Credit Union compares
NCUA groups credit unions by size; State Employees Credit Union is in the group with $500 million and up (759 credit unions). Its net worth ratio of 11.38% is higher than that group's median of 10.79%, and its share of loans 60 or more days past due, 4.46%, is higher than the group median of 0.67%. Loans grew 7.3% over the year to Q2 2026, against a group median of 5.3% growth.
By assets it ranks 6 of 37 credit unions headquartered in New Mexico. See all New Mexico credit unions.
Five quarters of figures
| Quarter | Assets | Members | Loans | Net worth ratio | 60+ days late |
|---|---|---|---|---|---|
| Q2 2026 | $1.29 billion | 56,434 | $949 million | 11.38% | 4.46% |
| Q1 2026 | $1.31 billion | 55,710 | $937 million | 10.93% | 4.89% |
| Q4 2025 | $1.29 billion | 53,700 | $926 million | 10.90% | 5.10% |
| Q3 2025 | $1.30 billion | 53,600 | $882 million | 10.50% | 4.50% |
| Q2 2025 | $1.30 billion | 53,543 | $885 million | 10.27% | 3.66% |
Assets Members
Who can join
The field of membership is the group a credit union is allowed to serve: people who live or work in an area, employees of certain companies, members of an association, and their families. The credit union's own website has the exact rules. On its call report it estimates its field of membership at about 1.4 million potential members. It holds NCUA's low-income designation, which lets it accept non-member deposits and raise secondary capital. It is designated a minority depository institution.
Credit unions that anyone in the US can join
Locations
NCUA's branch file lists 9 sites for State Employees Credit Union. The branch count in the figures above comes from its call report, which is filed separately, so the two can differ slightly.
- State Employees Credit Union - St. Michaels
813 Saint Michaels Dr, Santa Fe, NM 87505 - State Employees CU Los Lunas Branch
280 Emilio Lopez Rd Nw, Los Lunas, NM 87031 - State Employees CU Cerrillos Road
4920 Promenade Blvd, Santa Fe, NM 87507 - State Employees CU Albuquerque
3521 Montgomery Blvd Ne, Albuquerque, NM 87107 - State Employees Credit Union Las Vegas
1201 Mills Ave, Las Vegas, NM 87701 - State Employees Credit Union Belen
19390 Highway 314, Belen, NM 87002 - Back Office
811 Saint Michaels Dr, Santa Fe, NM 87505 - State Employees CU Rio Rancho
7851 Enchanted Hills Blvd Ne, Rio Rancho, NM 87144 - Corporate Office (main office)
1611 Calle Lorca, Santa Fe, NM 87505
About these numbers
Figures come from the NCUA 5300 Call Report quarterly data for Q2 2026 (quarter ended June 30, 2026), which each credit union files itself. "60+ days late" is delinquent loans of two months or more divided by total loans. Peer medians are computed across every credit union in the same NCUA asset-size group. NCUA call report data · Methodology