Considering recent events with Silicon Valley Bank and Signature Bank, Nusenda Credit Union would like to assure our member-owners that your deposits are safe.


Your credit union is well capitalized and in a strong financial position to meet the banking needs of our members. Nusenda makes sensible loans and manages our operations conservatively and responsibly in the best interest of our members.

Nusenda is proud to have a 5-Star Superior Rating from the nation’s most well-known independent rating service for banks and credit unions, BauerFinancial, Inc. This recognition means our financial strength and security are in the top tier compared to other financial institutions across the U.S.

Your credit union is federally insured by the National Credit Union Association (NCUA), an independent federal agency backed by the full faith and credit of the U.S. government. Each account holder’s deposits are insured up to $250,000, for each account with a different "ownership" type. Many members’ funds are insured well over $250,000 if they have multiple types of ownership or membership with us. See our FAQs to learn more.

Credit unions are not the same as banks. As not-for-profit financial cooperatives, we focus on what’s best for you — our member-owners. This looks like better rates, lower fees, people-first service — and conservative responsible financial management. Banks are for-profit and accountable to shareholders. Shareholders expect returns, which can lead banks to have a higher tolerance for risk.

Nusenda’s member base is local — the people and businesses all around you, here in New Mexico. That’s very different than some financial institutions focused on in a specific industry or customer type (like Silicon Valley Bank’s tech startups). We have 251,000 members and average deposits per member are well below $250,000.

If you have questions about your deposits, please visit one of our branches or contact us at call 505-889-7755 (800-347-2838 outside the Albuquerque area).

Have more questions? Check out our FAQs!

How do I determine how much of my deposits are insured by the NCUA?
What are the different types of “ownership?”
Are there accounts not federally insured by the NCUA?
What is the difference between FDIC and the NCUA?
What if I have deposits over the $250,000 limit?
What types of business accounts are insured by the NCUA?
What about sole proprietors?
What if I want to move money to Nusenda Credit Union?