REGULATING AGENCY: New Mexico Regulation and Licensing Department; Financial Institutions Division
- Rebecca Moore, Acting Director
- Website: rld.state.nm.us/financialinstitutions/
- Cannabis Control Division
LEAGUE: Credit Union Association of New Mexico
PRIVATE SHARE INSURANCE: No
STATS: (As of June 2021)
Total Number of Credit Unions: 41
- TOTAL # SCUs: 19
- TOTAL # FCUs: 22
- SCU % OF TOTAL (SCUS #/STATE TOTAL #): 46%
Total Assets: $15,484,226,340
- TOTAL $ SCU ASSETS: $4,134,793,968
- TOTAL $ FCU ASSETS: $11,349,432,372
- SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 27%
Total Members: 977,458
- TOTAL Members SCUs: 312,564
- TOTAL Members FCUs: 664,894
- SCU % OF TOTAL (SCUS/STATE TOAL): 32%
FUN FACT: More than 25,000 Anasazi sites have been identified in New Mexico by archeologists. The Anasazi, an amazing civilization who were the ancestors of the Pueblo, where around for 1300 years. Their great classical period lasted from 1100-1300 AD.
June 17, 2020 – New Mexico’s credit unions are ready to help if the legislature passes a new low-interest loan program during its special session.
The Credit Union Association of New Mexico supports Gov. Michelle Lujan Grisham’s effort to ask the New Mexico Legislature to approve a proposal to direct the State Investment Officer to invest a portion of the state’s multibillion-dollar Severance Tax Permanent Fund to support loans to small business and municipalities during the 2020 Special Session, which is set to begin at noon on Thursday, June 18. The proposal calls for low-interest long-term loans to help municipalities meet budget shortfalls and help small businesses with post-COVID-19 expenses.
“Now is the time for New Mexico to bring all necessary resources to bear to get struggling businesses back on their feet. These small businesses, hit hard by the pandemic, need help,” said Paul B. Stull, President, and CEO of CUANM. “The special legislative session will address this need with a program to invest in small businesses, designed specifically to create and preserve jobs, which will keep our economy growing at a very difficult time.”
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