State ECU
| Company type | Not-for-profit credit union |
|---|---|
| Industry | Financial services |
| Founded | 1958 |
| Headquarters | Santa Fe , United States |
Area served | New Mexico |
Key people | Andy Ramos (President/CEO) |
| Products | Home equity lines of credit, automobile financing, small business financial solutions |
| Website | www |
State ECU (commonly referred to as the State Employees Credit Union of New Mexico or SECU New Mexico) operates as a state-chartered, federally insured, not-for-profit credit union with its main office situated in Santa Fe, New Mexico. By 2024, it manages assets totaling $1.25 billion, caters to more than 53,000 members, and maintains seven branch locations throughout New Mexico. Deposits made by members are protected and overseen by the National Credit Union Administration (NCUA) within its western regional authority.
History
Established in 1958 to provide financial services for employees and residents in various New Mexico counties such as Bernalillo, Doña Ana, Rio Arriba, Sandoval, Santa Fe, San Miguel, and Valencia, State ECU has progressively widened its membership qualifications and service reach across the entire state.
The year 2016 marked a rebranding effort where the credit union adopted the name State ECU along with a new logo to distinguish itself from other states employees credit unions. Recent strategic efforts have focused on growing the branch footprint, upgrading digital banking capabilities including mobile and online platforms, and expanding product lines encompassing home equity lines of credit (HELOCs), automobile financing, and small business financial solutions.
Leadership
The governance of State ECU is entrusted to a volunteer Board of Directors, with President/CEO Andy Ramos at the helm. This leadership team is responsible for steering strategic direction, ensuring regulatory adherence, and advancing initiatives centered on member needs.
Community support programs
State ECU demonstrates commitment to community engagement and financial education through initiatives such as:
- Cars for Kids – An annual fundraising campaign supporting Children’s Miracle Network and Connect Academy within New Mexico.
- Financial Literacy – Offers complimentary educational materials covering topics like budgeting strategies, credit improvement, and pathways to homeownership.
- Non-Profit Partnerships & Fundraising – Has successfully generated substantial funds for regional organizations including Children’s Miracle Network, The Food Depot, Girls on the Run, and Big Brothers Big Sisters.
In response to the COVID-19 pandemic in New Mexico, State ECU introduced the State ECU Covid Relief Fund, aimed at providing financial support to local businesses and nonprofit entities.
Awards & Recognition
State ECU has been honored with various awards recognizing its excellence in financial services and community involvement:
- Bauer Financial – Awarded a 5-Star Rating
- Newsweek – Listed among America’s Best Credit Unions
- CU Today – Recognized as a Top Performing Credit Union
- Albuquerque Business First – Named one of the Best Places to Work
- Best of Santa Fe 2024 –
- 1st Place: Best Mortgage Lender
- 2nd Place: Best Financial Advisor
- 2nd Place: Best Financial Institution
- 2nd Place: Best Employer
- 3rd Place: Best Business on St. Michael's Drive
- Rio Rancho Observer - Reader's Choice Winner in categories including Mortgage Company, Financial Planner, and Credit Union
- Valencia County News-Bulletin - Awarded Best Mortgage Lender