NCUA merger report, Q2 2025
Southwest merger into First Financial Credit Union
NCUA's Merger Activity and Insurance Report for Q2 2025 lists Southwest, of Albuquerque, NM, as merging into First Financial Credit Union, of Albuquerque, NM. NCUA records the reason as "poor financial condition". Southwest last filed a call report for Q2 2025, with $78.1M in assets and 4,274 members.
Members of Southwest become members of First Financial Credit Union. Watch for its notice on new account numbers, cards and online banking.
The two credit unions side by side
| Measure | SouthwestQ2 2025 | First Financial Credit UnionQ2 2026 |
|---|---|---|
| Assets | $78.1M | $1.1B |
| Members | 4,274 | 100,171 |
| Net worth ratio | 6.06% | 8.12% |
| Offices | – | 19 |
| Paid on deposits | – | 1.25% |
| New auto loan rate | – | 8.39% |
| Fee income per member | – | $132 |
Figures for Southwest are from its call report for Q2 2025; this page carries only its size and capital. Assets for the report quarter: $75.4M merging, $916.6M continuing.
On our member-value score, built only from call-report data, First Financial Credit Union scores 19.9 out of 100.
First Financial Credit Union offices near Albuquerque
From NCUA's branch file for Q2 2026, in Albuquerque first and then elsewhere in NM. Every First Financial Credit Union location
Albuquerque, NM 7
- Cherry Hills 8111 Harper Dr Ne, Albuquerque, NM 87111 Drive-through · ATM
- Coors Branch 6100 Coors Blvd Nw, Albuquerque, NM 87120 Drive-through · ATM
- Juan Tabo 831 Juan Tabo Blvd Ne, Albuquerque, NM 87123 ATM
- Renaissance - Branch 4910 Union Way Ne, Albuquerque, NM 87107 Drive-through · ATM
- Renaissance / Main Office 4914 Union Way Ne, Albuquerque, NM 87107 Main office
- San Mateo Branch 2700 San Mateo Blvd Ne, Albuquerque, NM 87110 Drive-through · ATM
- South Valley Branch 3045 Avanzando Rd Sw, Albuquerque, NM 87105 Drive-through · ATM
Rio Rancho, NM 1
- Rio Rancho Branch 2201 Rio Rancho Blvd Se, Rio Rancho, NM 87124 Drive-through · ATM
Source: NCUA Merger Activity and Insurance Report, Q2 2025, and NCUA 5300 call reports. The report quarter is when the approval was listed; the merger may take effect later. Not affiliated with NCUA or either credit union. · All recent mergers · First Financial Credit Union full figures
Questions people ask
Did Southwest merge?
Yes. NCUA's Merger Activity and Insurance Report for Q2 2025 lists Southwest, of Albuquerque, NM, as merging into First Financial Credit Union, of Albuquerque, NM. Its last call report was for Q2 2025.
Why did Southwest merge?
NCUA records the reason as "poor financial condition". That is the category NCUA's report gives; the credit unions' own merger notice to members explains it in more detail.
What happens to my Southwest account?
Members and their accounts move to First Financial Credit Union, which becomes your credit union. Account numbers, the routing number, cards, checks and online banking can change; the notice First Financial Credit Union sends members gives the dates. Keep using your current details until it tells you otherwise.
Is my money still insured?
Yes. First Financial Credit Union is federally insured by NCUA, which covers deposits up to $250,000 per owner, per insured credit union, for each account ownership category. If you also had accounts at First Financial Credit Union before the merger, your balances are now at one credit union.