New Mexico

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

New Mexico State Capitol

LEAGUE: Credit Union Association of New Mexico

STATS: (As of Dec 2020)

  • TOTAL # SCUs: 19
  • TOTAL # FCUs: 22
  • SCU % OF TOTAL (SCUS #/STATE TOTAL #): 46% of 41 NM CUs
  • TOTAL $ SCU ASSETS: $3,781,999,265
  • TOTAL $ FCU ASSETS: $10,563,824,779
  • TOTAL ASSETS: $14,345,824,044
  • SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 26%

FUN FACT: During the height of the so-called lawless era, territorial Governor Lew Wallace wrote the popular historical novel Ben-Hur. First published in 1880, it was made into a movie in 1959 starring Charleton Heston.


RECENT NEWS

Securities Division Reminds Firms to Contact Regulators with Issues Related to Solarwinds Breach

January 8, 2021 —SANTA FE – The Securities Division of the New Mexico Regulation and Licensing Department is reminding financial service registrants, particularly state-registered investment advisers and intrastate broker-dealers, to report any known issues or concerns related to the recent SolarWinds cybersecurity incident to their primary securities regulator.

“By utilizing trusted software updates, the bad actors took advantage of the normal and recommended best practice of keeping software up to date. Thousands of companies may have been exposed simply for doing the right thing” said Linda Trujillo, Deputy Superintendent.

Click on the title to read the full release.


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