New Mexico
REGULATING AGENCY: New Mexico Regulation and Licensing Department; Financial Institutions Division
New Mexico State Capitol
- Mark Sadowski, Director
- Rebecca Moore, Deputy Director
- Website: rld.state.nm.us/financialinstitutions/
LEAGUE: Credit Union Association of New Mexico
- Melia D. Heimbuck, President/CEO
- Website: cuanm.com
PRIVATE SHARE INSURANCE: No
2023 STATS
- Largest SCU: STATE EMPLOYEES $1.11B in assets
- Largest FCU: NUSENDA FCU $4.31B in assets
| Second Quarter 2023 | SCUs | FCUs | Total CUs | % of SCUs/Total |
|---|---|---|---|---|
| Total Credit Unions | 18 | 22 | 40 | 45.00% |
| Credit Union Members | 326,736 | 743,448 | 1.07M | 30.53% |
| Credit Union Assets | $4.65B | $12.98B | $17.63B | 26.36% |
FUN FACT
This state’s capital, Santa Fe, is the highest capital in the country—sitting at 7,000 square feet above sea level. And in Santa Fe, the Palace of Governors, built in 1610, is one of the oldest public buildings in America.
RECENT NEWS
New Mexico Credit Union to Buy Western Heritage Bank
June 9, 2023
- Albuquerque, New Mexico-based Nusenda Credit Union will acquire Las Cruces-based Western Heritage Bank for an undisclosed sum in a deal set to close next year, the credit union said Tuesday.
- The transaction will give $4 billion-asset Nusenda six added branches and a presence in Texas, as four of Western Heritage’s locations are in El Paso.
- The Nusenda deal marks the fourth instance this year of a credit union buying a bank — a prospect that irks trade groups like Independent Community Bankers of America, which argues that credit unions’ tax exemption allows them to offer a higher buying price and helps them grow more freely than banks. Read more
STORY ARCHIVE
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