State Employees Credit Union Santa Fe, New Mexico
State Employees Credit Union is a state-chartered credit union headquartered in Santa Fe, NM, established in 1958 (NCUA charter 65513), and it is regulated and insured by the NCUA. At Q2 2026 it reported 56,434 members and total assets of $1.29B (down 1.1% from Q2 2025), the 6th largest of 37 credit unions headquartered in New Mexico. Its net worth ratio was 11.38% at Q2 2026, in the well capitalized band.
Also written as State Employees CU
BankRegReports is independent of State Employees Credit Union and never asks for online banking logins or passwords.
Data as of · sourced from NCUA 5300 call reports. How we update
- Charter
- State-chartered credit union
- Regulator
- NCUA
- Deposit insurance
- NCUA (NCUSIF)
- NCUA charter number
- 65513
- Headquarters
- Santa Fe, NM
- Established
- 1958
- Total assets, Q2 2026
- $1.29B
- Assets vs Q2 2025
- -1.1%
- Members, Q2 2026
- 56,434
- Net worth ratio, Q2 2026
- 11.38%
- Latest call report
- Q2 2026, NCUA 5300 · State Employees Credit Union call report
- Asset rank in state
- 6th of 37 in New Mexico
- Routing number
- 307084431
- Branches
- 9
It has 2,891 more members than on June 30, 2025 (+5.4%). Its net worth ratio was up 1.11 percentage points from 10.27% on June 30, 2025. Used vehicle loans are its largest loan category, $255.7M of $949.2M in total loans on its June 30, 2026 filing. Its 60-day delinquency ratio of 4.46% is above the 0.68% median of the 454 credit unions with $1B to $10B in assets for Q2 2026. Its 11.38% net worth ratio is above that band's 10.89% median.
Frequently asked about State Employees Credit Union
How big is State Employees Credit Union?
At Q2 2026 it reported total assets of $1.29B and 56,434 members.
Where is State Employees Credit Union headquartered?
It is headquartered in Santa Fe, NM, United States.
When was State Employees Credit Union founded?
It was established in 1958, per NCUA records.
Is State Employees Credit Union FDIC insured?
No. The FDIC insures banks, not credit unions. It is a federally insured credit union (NCUA charter 65513): member shares are insured by the National Credit Union Share Insurance Fund, run by the NCUA, up to $250,000 per member, per insured credit union, for each account ownership category, the same limit the FDIC applies to bank deposits.
Who regulates State Employees Credit Union?
It is a state-chartered credit union, supervised by its state credit union regulator and by the NCUA, which insures its shares.
Is State Employees Credit Union well capitalized?
Its net worth ratio was 11.38% at Q2 2026, in the well capitalized band. NCUA considers a credit union well capitalized at a net worth ratio of 7% or higher.
What is State Employees Credit Union's delinquency ratio?
Its delinquency ratio was 4.46% at Q2 2026: loans 60 or more days past due as a share of total loans.
What is State Employees Credit Union's loan-to-share ratio?
Its loan-to-share ratio was 83.42% at Q2 2026: total loans as a share of member shares and deposits.
Credit Union Profile
- Headquarters
- Santa Fe, NM 87505
- Charter Type
- State-chartered credit union
- Primary Regulator
- NCUA
- Insurance
- NCUSIF
- Established
- 1958
- NCUA Charter #
- 65513
- RSSD ID
- 301293
- Members
- 56,434
- Potential members
- 1,350,000
Size & Membership
Profitability
Q2 annualizedCapital & Asset Quality
Peer comparison: credit unions of similar size
It ranks against 454 credit unions with $1B to $10B in assets, as of Q2 2026. It is in the top quartile on 3 of 7 ranked measures and in the bottom quartile on 1.
| Metric | This credit union | Peer median | Rank among peers |
|---|---|---|---|
| Net worth ratio Middle half of peers: 9.81% to 12.63% | 11.38% | 10.89% | 57th above |
| Return on assets Middle half of peers: 0.59% to 1.25% | 1.16% | 0.89% | 69th above |
| Return on equity Middle half of peers: 5.37% to 10.92% | 10.21% | 8.07% | 69th above |
| Net interest margin Middle half of peers: 3.05% to 3.80% | 3.95% | 3.45% | 81st top |
| Efficiency ratio Middle half of peers: 63.16% to 77.23% | 63.03% | 70.59% | 75th top |
| Cost of funds Middle half of peers: 1.37% to 1.99% | 1.25% | 1.68% | 81st top |
| Delinquency ratio Middle half of peers: 0.45% to 1.05% | 4.46% | 0.68% | under 10th bottom |
| Yield on assets Middle half of peers: 4.70% to 5.46% | 5.20% | 5.12% | 56th position only |
| Loan-to-share ratio Middle half of peers: 78.23% to 95.19% | 83.42% | 88.03% | 38th position only |
Quarterly trends
Last 6 quarters of 5300 filings. Under each chart, Q2 2026 against Q2 2025. How these charts are built
$1.29B total assets against $1.30B; $1.14B total shares and deposits against $1.16B; $949.2M total loans against $885.0M.
$146.6M net worth against $133.9M.
11.38% net worth ratio against 10.27%.
83.42% loan-to-share ratio against 76.07%.
4.46% delinquency ratio against 3.66%.
1.16% return on assets against 1.34%; 10.21% return on equity against 13.00%.
3.95% net interest margin against 3.44%.
56,434 members against 53,543.
Quarterly trend: last 6 quarters
| Quarter | Net worth ratio | ROA | Delinquency | Loan-to-share |
|---|---|---|---|---|
| June 30, 2026 | 11.38% | 1.16% | 4.46% | 83.42% |
| March 31, 2026 | 10.93% | 0.66% | 4.89% | 80.73% |
| December 31, 2025 | 10.90% | 1.55% | 5.10% | 80.64% |
| September 30, 2025 | 10.50% | 0.96% | 4.50% | 76.03% |
| June 30, 2025 | 10.27% | 1.34% | 3.66% | 76.07% |
| March 31, 2025 | 9.99% | 1.16% | 2.02% | 75.27% |
Scroll sideways to see every column.
Watch flags
Loans 60+ days delinquent exceed 2% of the loan book, well above the credit-union industry norm of under 1%. Sustained high delinquency erodes net worth through charge-offs. BankRegReports band vs the <1% industry norm.
How we read these figures
Glossary: net worth ratio, delinquency, ROA, loan-to-share. The net worth category is ours, from NCUA's 7% well and 6% adequately capitalized cutoffs. It is not NCUA's determination, which can differ. ROA, ROE and margin annualize the quarter; NCUA's Financial Performance Report annualizes the year to date (YTD). Peer rank interpolates size-band percentiles. Methodology.