Santa Fe Headquartered Credit Union Receives Multifaceted Recognition
SANTA FE, NM – State Employees Credit Union proudly announces its recent recognition in several prestigious national financial institution rankings. In addition to receiving the coveted 5-Star Rating from Newsweek and securing a spot on their list of America’s Best Regional Banks and Credit Unions of 2024, State ECU was named among the top 1% of credit unions nationwide by industry digital publication CUToday. This acclaim, coupled with a recent 5-star rating from Bauer Financial, underscores State ECU’s commitment to financial excellence and community service.
The Newsweek rating takes several factors into consideration including overall financial health, creditworthiness, lending activity, profitability, and media monitoring. The CUToday ranking considers Member growth, earnings, operational scaling, and capacity for growth.“The Newsweek rating showcases our sound financial practices while the CUToday ranking recognizes our growth,” said Andy Ramos, State ECU CEO. “We are honored to be recognized by nationally-respected third-parties as well as by our New Mexico community.”
In addition to the national attention, State ECU made the podium for several categories of the Santa Fe Reporter’s Best of Santa Fe 2023. State ECU placed second in Best Financial Institution, Best Mortgage Lender, and Best Financial Advisor, respectively.“The national rankings are exciting, but the local ‘Best Ofs’ are incredibly validating,” said Kyle Moore, State ECU SVP of Marketing & Community. “We work hard to honor our commitment to our communities and Members, so it’s rewarding when that effort is recognized and appreciated.”The designations punctuate an eventful year for State ECU: in 2023 they moved into their home office and business retail complex next door to their flagship branch in Santa Fe. State ECU also marked a milestone in their 65-year history at the end of 2022 when they surpassed $1B in assets.
State Employees Credit Union is a not-for-profit financial institution serving those that live, work, worship, or attend school in the New Mexico counties of Santa Fe, San Miguel, Sandoval, Valencia, Rio Arriba, Bernalillo, and Dona Ana as well as any State, City, or County employee – as well as contracted employees and vendors – of these entities. State ECU provides competitive rates, products, and services to help their members feel in control of their finances. State Employees Credit Union has 8 locations to serve central and northern New Mexico and is part of the shared branch network that allows their members to bank like a local wherever they are in the United States. To learn more about State Employees Credit Union and their membership eligibility, visit ecunm.org.
