Navigating Finances Through Challenging Times

Over the past couple of weeks, both U.S. and global markets have been highly volatile in light of the COVID-19 outbreak and other world news. As a result of this unrest, the Federal Government cut interest rates to support the economy during the coronavirus pandemic.

Locally, both city and state governments have announced school and business closures, and adjustments to workforce schedules to help minimize public health threats. We understand that these closures and abbreviated schedules may financially impact you. We are here to help — our Financial Consultants and Call Center representatives can share our unique programs designed to support our members during times like these. Contact us at 505-889-7755 (800-347-2838 outside of the Albuquerque area) to see how we can help.

Nusenda Credit Union’s number one priority is our members’ financial security. We recognize that you may be concerned with recent events that have caused volatility with the stock market. Historically, events may cause short-term market downturns and then the market recovers over time. Be assured that your Credit Union is closely monitoring the economy and is actively managing and protecting your assets in a prudent and service-oriented manner.

Your deposits are safe at Nusenda – insured to at least $250,000 and backed by the full faith of the United States Government through the National Credit Union Administration (NCUA).

Your Credit Union continues to remain safe and sound; in its latest rating, we again received the highest five-star rating from BauerFinancial Inc., the nation's most well-respected independent rating service for banks and credit unions.

As a member-owned, not-for-profit cooperative, we do not invest in risky securities. Instead, we make sensible loans to qualified borrowers, and we manage our operations conservatively and responsibly in the best interest of our members.

If you would like to discuss your financial needs, please make an appointment. Thank you for your continued membership.