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Credit union, Santa Fe, NM
State Employees Credit Union
A credit union based in Santa Fe, NM. Its commercial book is led by non-owner-occupied CRE and multifamily. Public files show recent 1-4 unit investor and SBA 7(a) loans it made.
- Kind
- Credit union
- Data as of
- June 30, 2026
- Page last changed
- November 12, 2026
- Commercial book
- $217M
- NCUA 5300,
- Holds, not loans made
- Commercial loans made, H1 2026
- 0
- NCUA 5300,
- Real-estate-secured
- SBA loans, 36 months
- 1
- SBA FOIA,
- 7(a) and 504, net of cancelled
- Total assets
- $1.29B
- NCUA 5300,
Does it fit my deal?
The deal is read here and kept nowhere. Leave out names, income and credit scores.
How to reach them
Each line shows where it came from
- Phone
- 800-983-7328 From the NCUA record, June 30, 2026.
- Website
- www.secunm.orgFrom the NCUA record, November 9, 2026.
- Commercial lending page
- secunm.orgFrom the lender's website, retrieved November 11, 2026.
- Names it files under
- STATE EMPLOYEES; State Empl CUNCUA 5300,
- Address
- 1611 Calle Lorca, Santa Fe, NM 87505NCUA 5300,
- Regulator record
- NCUA profile
You generally must be a member of a credit union to borrow from it. Field of membership: Non-Federal Credit Union. Designated low-income by NCUA.
Recently done
Recorded lending
Recorded lending. Two or more public files show loans this lender made.
| When | What the record shows | Source |
|---|---|---|
| Jun 2025 to Jun 2026 | Commercial and industrial balance rose 43.0% to $24.4M in the year to June 30, 2026.Balances, not originations. Year over year from call reports. | NCUA 5300 |
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| Jan 2024 | New Mexico | SBA 7(a), Offices of Mental Health Practitioners (except Physicians) | $760K | 9.5% | 25 yr | SBA FOIA | |
| 1 SBA 7(a) loan since October 2023, net of cancelled | $760K | SBA FOIA | |||||
A blank means the source did not report it.
What it holds
NCUA 5300, June 30, 2026
| Book | Holds | Of its loans | Year over year | Loans | Average |
|---|---|---|---|---|---|
| Multifamily | $40.4M | 4.3% | -1.7% | 35 | $1.15M |
| Construction and land development | $11.1M | 1.2% | +2.2% | 7 | $1.58M |
| Owner-occupied CRE | $15.6M | 1.6% | -45.3% | 28 | $558K |
| Non-owner-occupied CRE | $125M | 13.2% | -20.7% | 100 | $1.25M |
| Farmland | $0 | 0.0% | Not reported | 0 | Not reported |
| Commercial and industrial | $24.4M | 2.6% | +43.0% | 41 | $596K |
| Other real-estate-secured commercial | $0 | 0.0% | Not reported | Not reported | Not reported |
| Commercial total | $217M |
Table
| Quarter | Commercial book |
|---|---|
| Q3 2023 | $272M |
| Q4 2023 | $288M |
| Q1 2024 | $295M |
| Q2 2024 | $288M |
| Q3 2024 | $285M |
| Q4 2024 | $282M |
| Q1 2025 | $265M |
| Q2 2025 | $255M |
| Q3 2025 | $241M |
| Q4 2025 | $220M |
| Q1 2026 | $226M |
| Q2 2026 | $217M |
| Kind of loan | Period | Loans made | Dollars | Typical size | Largest | Source |
|---|---|---|---|---|---|---|
| 1-4 unit investor or business purpose | 2025 | 13 | $1.49M | $65.0K | HMDA, | |
| SBA 7(a), net of cancelled | 36 months to Sep 2026 | 1 | $760K | $760K | $760K | SBA FOIA, |
How these public files were tied to this lender. HMDA: its legal entity identifier (LEI). SBA 7(a) loans: its NCUA charter number.
| Book | Average loan |
|---|---|
| Construction and land development | $1.58M |
| Multifamily | $1.15M |
| Owner-occupied CRE | $558K |
| Non-owner-occupied CRE | $1.25M |
| Commercial and industrial | $596K |
Programs on record: Federal Home Loan Bank member, Dallas district (FHFA).
Where it lends
Offices beside loans on record
| State | Offices | Multifamily 2025 | 1-4 investor 2025 | SBA 7(a) 36 mo. | SBA 504 36 mo. |
|---|---|---|---|---|---|
| New Mexico HQ | 9 | 0 | 13 | 1 | 0 |
Capacity. Not a rating
Our calculation from public filings, as of June 30, 2026. Not a rating, and not a statement about safety or deposits.
| Measure | This lender | Its peers | How it is worked out | Source |
|---|---|---|---|---|
| Business loan cap | $158M | $81.6M to $182M across 8 peers | Estimate: the lesser of 1.75 times net worth or 12.25% of assets. Low-income designated credit unions and some others are exempt. Not a statement from the credit union. | NCUA 5300, 12 CFR 723.8, Jun 30, 2026 |
| Business loans outstanding | $209M | $0 to $179M across 8 peers | Net member business loans, as reported on Form 5300. | NCUA 5300, |
| Cap used | 132.4% | 0.0% to 102.5% across 8 peers | Business loans outstanding over the estimated cap. This credit union is designated low-income by NCUA and is exempt from the cap. | NCUA 5300, |
| Largest single borrower | $22.0M | $9.05M to $24.5M across 8 peers | Estimate: the greater of 15% of net worth or $100,000. Not a limit the credit union has stated. | NCUA 5300, 12 CFR 723.4, Jun 30, 2026 |
| CRE to net worth | 120.5% | 0.0% to 139.0% across 8 peers | (Construction + multifamily + non-owner-occupied CRE loans) divided by net worth. Our own ratio, not a regulatory test or limit. | NCUA 5300, |
| Loans to assets | 73.7% | 64.7% to 87.5% across 8 peers | Total loans divided by total assets. | NCUA 5300, |
Estimates use the formulas in 12 CFR 723. Low-income designated credit unions and some others are exempt from the cap.
Peers
Same kind of lender, similar size and book
| Lender | State | Total assets | Commercial book |
|---|---|---|---|
| Sandia Area Credit Union | NM | $1.43B | $182M |
| U.S. Eagle Credit Union | NM | $1.46B | $250M |
| First Financial Credit Union | NM | $1.13B | $57.5M |
| Kirtland Credit Union | NM | $1.10B | $0 |
| Rio Grande Credit Union | NM | $666M | $16.5M |
| United States Senate Credit Union | VA | $1.49B | $147M |
| Valley First Credit Union | CA | $1.11B | $117M |
| Marine Credit Union | NC | $1.10B | $153M |
What we don't know
- Whether it is taking new loans today, or on what terms.
- Who can join. A credit union lends only to its members, and field of membership decides who qualifies.
- Whether it made any commercial real estate loans in the first half of 2026. It reported none, and the 5300 covers only what it files.
- Whether it makes multifamily loans. No HMDA multifamily loans are on file under this name for 2024 or 2025.
- Whether it takes brokers. No figure here means no evidence, not a refusal.
- Credit union concentration ratios here are our own calculation against net worth. They are not a regulatory test or limit. Originations are Jan-Jun 2026 year to date.
Check this page
Against the regulator's own record
- Name and charter. State Employees Credit Union, NCUA charter 65513. Compare it with the regulator's record. [NCUA profile]
- Balances. $1.29B in total assets and $217M in commercial loans held, from the NCUA 5300 for June 30, 2026. [Source]
- Loans made. Your NCUA Form 5300 for June 30, 2026 reports no commercial loans made, and 14 loans in HMDA and SBA files, through September 30, 2026: 13 HMDA 1-4 unit investor 2025, 1 SBA 7(a) in 36 months. [How each file was tied to State Employees Credit Union]
- Phone and website. Phone 800-983-7328, from the NCUA record. Website secunm.org, from the NCUA record. [How to reach them]
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For the record
Data as of June 30, 2026. Page last changed November 12, 2026.
- Regulator
- NCUA and state regulator
- NCUA charter
- 65513
- RSSD
- 301293
- LEI
- 549300248R1MFWPWXA09
- The Lender Report ID
- lr_001258
- Main office county
- Santa Fe
- Members
- 57,378
- NCUA region
- 3 - Western
NCUA credit union details,
- Reported $1.3B in total assets as of June 30, 2026 (NCUA 5300).
- Held $216.8M of commercial and commercial real estate loans as of June 30, 2026 (NCUA 5300).
- Held $125.3M of non-owner-occupied commercial real estate loans as of June 30, 2026 (NCUA 5300).
- Held $40.4M of multifamily loans as of June 30, 2026 (NCUA 5300).
- Held $24.4M of commercial and industrial loans as of June 30, 2026, up 43.0% from a year earlier (NCUA 5300).
- Originated 13 1-4 unit investor or business-purpose loans totaling $1.5M in 2025 (HMDA).
3 more sentences
- Recorded 1 SBA 7(a) approval totaling $760K from October 1, 2023 to September 30, 2026 (SBA).
- Held $8.2M of nonmember commercial loans and participations as of June 30, 2026 (NCUA 5300).
- Listed 9 offices in 1 state (NCUA).
Cite this
Source: The Lender Report, State Employees Credit Union, https://lender.report/lender/state-employees-credit-union-nm/, data as of June 30, 2026.
Sources
- NCUA 5300, June 30, 2026
- NCUA 5300, June 30, 2025
- HMDA, 2025
- SBA FOIA, September 30, 2026
- NCUA 5300, June 30, 2026
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Work at State Employees Credit Union? Claim this page, free.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem