Sep, 30, 2025 — STATE EMPLOYEES CREDIT UNION, NM (SECUNM) is a federally insured state chartered credit union headquartered in SANTA FE, NM with 7 branch locations and about $1.30 billion in total assets. Opened 68 years ago in 1958, STATE EMPLOYEES CREDIT UNION, NM (SECUNM) has about 53,600 members and employs 195 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STATE EMPLOYEES CREDIT UNION, NM |
|---|---|
| Address: (Main Office) | 1611 Calle Lorca SANTA FE, NM 87505 |
| Phone: | (800) 983-7328 |
| Fax: | |
| Website: | https://www.secunm.org |
| Branches: | 7 branch locations |
| Members: | 53,600 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65513 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,303,730,732 |
| CEO/Manager: | Andy Ramos |
| Chairperson: | Jerry Rael |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 269,199,853 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 425,539,246 |
| Unsecured Loans | 32,255,074 |
| Other Loans | 422,305,220 |
| TOTAL LOANS | 882,421,752 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,242,622 |
| Land And Building | 28,081,625 |
| Other Fixed Assets | 1,697,921 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 10,916,862 |
| All Other Assets | 510,388 |
| TOTAL ASSETS | 1,303,730,732 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,790 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 16,646,774 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 264,460,678 |
| Regular shares | 312,369,160 |
| All Other Shares & Deposits | 583,829,502 |
| TOTAL SHARES & DEPOSITS | 1,160,659,339 |
| TOTAL LIABILITIES | 1,177,309,903 |
| Regular Reserve | 0 |
| Other Reserves | -9,499,236 |
| Undivided Earnings | 135,920,065 |
| TOTAL EQUITY | 126,420,829 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,303,730,732 |
| INCOME & EXPENSE | |
| Loan Income | 38,681,909 |
| Investment Income | 8,867,726 |
| Other Income | 4,962,875 |
| Total Employee Compensation & Benefits | 15,800,850 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 13,424,951 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,817,430 |
| Cost of Funds | 14,516,820 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 11,235,466 |
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