State ECU

State ECU (also known as State Employees Credit Union of New Mexico or SECU New Mexico) is a federal not-for-profit[2] credit union headquartered in Santa Fe, New Mexico. As of 2019, State ECU has $569 million in assets, over 48,000 members, and eight branches in the 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]

For other uses, see SECU (disambiguation).
State Employees Credit Union of New Mexico
State ECU
TypeCredit union
IndustryFinancial services
Founded1958
HeadquartersSanta Fe, New Mexico
Number of locations
8 (2020)
Area served
New Mexico
Key people
Harold Dixon
(President & CEO)
ProductsSavings; checking; consumer loans; mortgages; credit cards; investments; online banking
Revenue $31 million (2019)[1]
Total assets $569 million (2019)[1]
Ownersmembers
Number of employees
178
Websitesecunm.org
stateecu.com

History

State Employees Credit Union was formed in 1958 to serve the following counties of Bernalillo, Doña Ana, Rio Arriba, Sandoval, Santa Fe, San Miguel, or Valencia. Later it was expanded to cover the whole state of New Mexico.

In 2016, it got a new logo and a shortened name -"State ECU"; to distinguish itself from other states' SECUs.[6][7]

Community support programs

To overcome the on-going COVID-19 pandemic in New Mexico, State ECU created the State ECU Covid Relief Fund to support local businesses and nonprofits.[8][9]

References
  1. '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. Enero 2016, Por: Latinowire 04 de. "State Employees Credit Union Kicks Off the New Year with a New Look". El Diario NY (in Spanish). Retrieved 2020-10-11.
  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.
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