Nusenda Credit Union’s history has been filled with both successes and challenges that have driven innovative thinking and bold transformations, molding us into the strong and secure financial institution we are today.
Where It All Began
Our story begins with Maurine Grammer — a teacher, writer, appraiser of Native American art, and wife to Native American rights lawyer David A. Grammer.
In 1935, she discovered that the U.S. government had made it possible for many groups to form credit unions. Having dedicated most of her life to improving the state of New Mexico, Maurine saw an opportunity to do something good for her community. As president of the Albuquerque Teacher’s Association at the time, she approached Albuquerque High School Principal J.R. McCollum to discuss the possibilities.
In December 1935, Maurine, J.R., and seven other individuals applied for a charter to form a credit union. On Feb. 29, 1936, the Albuquerque Public Schools Federal Credit Union (APSFCU) was founded to serve "the employees of APS, members of their immediate families, and any associations of such employees." Maurine remained an active member of the credit union until her death at age 101. Now, more than 80 years later, the founding relationship between Nusenda and APS continues to grow and thrive, based on the needs of teachers, staff, students, and the communities both organizations serve.