State ECU

Last updated
State Employees Credit Union of New Mexico
State ECU
Company type Credit union
Industry Financial services
Founded1958
Headquarters Santa Fe, New Mexico
Number of locations
7 (2025)
Area served
 New Mexico
Key people
Andy Ramos
(President & CEO)
Products Savings; checking; consumer loans; mortgages; credit cards; investments; online banking
RevenueIncrease2.svg $35 million (2024) [1]
Total assets Increase2.svg $1.25 billion (2024) [1]
OwnersMembers
Number of employees
208
Website secunm.org
stateecu.com

State ECU(also known as State Employees Credit Union of New Mexico or SECU New Mexico) is a state chartered, federally insured, not-for-profit [2] credit union headquartered in Santa Fe, New Mexico. As of 2024, State ECU has $1,255,970,945 in assets, over 53,000 Members, and seven branches across New Mexico. [3] Deposits by the Members are regulated and insured by National Credit Union Administration (NCUA) under latter's western region jurisdiction. [4] [5]

Contents

History

State Employees Credit Union was formed in 1958 to serve employees of New Mexico and residents of Bernalillo, Doña Ana, Rio Arriba, Sandoval, Santa Fe, San Miguel, and Valencia counties. Over the decades, it expanded membership eligibility and services to include a broader range of individuals and businesses across the state.

In 2016, the credit union underwent a rebranding, shortening its name to State ECU and introducing a new logo to distinguish itself from other states employees credit unions. [6] [7]

In recent years, State ECU has expanded its branch network, introduced mobile and online banking enhancements, and offered financial products, including home equity lines of credit (HELOCs), auto loans, and small business services.

Leadership

State ECU is governed by a volunteer Board of Directors and led by President/CEO Andy Ramos. The board oversees strategic direction, regulatory compliance, and member-focused initiatives.

Community support programs

State ECU is actively involved in community service and financial literacy initiatives. Programs include:

During the COVID-19 pandemic in New Mexico, State ECU established the State ECU Covid Relief Fund, which provided financial support to local businesses and nonprofits. [8] [9]

Awards & Recognition

State ECU has been recognized for its contributions to financial services and community support. Recent accolades include:

References

  1. 1 2 'State Employees Credit Union – causeiq.com/'
  2. ↑ "Credit Unions in the State of New Mexico / State Employees Cu | Santa Fe, NM | Cause IQ profile". www.causeiq.com. Retrieved 2020-10-11.
  3. ↑ "State Employees Credit Union New Mexico". Deposit Accounts. Retrieved 2020-10-11.
  4. ↑ "New Year, New Look for NCUA Regions | National Credit Union Administration". www.ncua.gov. Retrieved 2020-10-11.
  5. ↑ "New Mexico Statutes > Chapter 58 > Article 11 – Credit Unions » LawServer". www.lawserver.com. Retrieved 2020-10-11.
  6. ↑ "It's a New 'State' for New Mexico's State Employees Credit Union". www.bizjournals.com. Retrieved 2020-10-11.
  7. ↑ "State Employees Credit Union Kicks Off the New Year with a New Look". El Diario NY. 2016-01-04. Retrieved 2024-06-04.
  8. ↑ "State Employees Credit Union Raises $21,600 for Eight New Mexico Non-Profits | SantaFe.com". santafe.com. Retrieved 2020-10-11.
  9. ↑ "How NM Companies are Giving Back in Response to Coronavirus". www.bizjournals.com. Retrieved 2020-10-11.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.