New Mexico

REGULATING AGENCY: New Mexico Regulation and Licensing Department; Financial Institutions Division

New Mexico State Capitol

LEAGUE: Credit Union Association of New Mexico

  • Melia D. Heimbuck, President/CEO
  • Website:


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%


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.

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


Click here to take a look at the stories that have been collected over the years in New Mexico.

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