New Mexico Educators Federal Credit Union

Nusenda Credit Union is the largest not-for-profit credit union in New Mexico. With more than 150,000 member-owners spanning education, health services, and other professions, we have the products and services you need to achieve your financial dreams.

We’re also your resource for education on money matters. With no-cost evening workshops and comprehensive Web tools, we help you feel more confident and informed on topics like financial planning and buying a car or a home.

When you become a member-owner of Nusenda Credit Union, your family can also join. So you can pass on the benefits of smart financial services and education for generations.

History

Maurine Grammer was a teacher, writer, appraiser of Native American art, and friend to New Mexico Pueblo artists. She dedicated her long life to improving the community and the state of New Mexico. Her husband, David A. Grammer, was a Native American rights lawyer whose knowledge of Tiwa, Spanish, and archaic Spanish languages enhanced his ability to work with the pueblos to settle land grant cases and boundary disputes.

In 1935, Mr. Grammer heard that the government had made it possible for many groups to form credit unions. Mrs. Grammer at the time was president of the Albuquerque Teachers Association and arranged a meeting with Albuquerque High School Principal McCollum.

Mrs. Grammer, Mr. McCollum, and seven others together applied for a charter in December of 1935 to form a credit union. On February 29, 1936, 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.”

In order to help assure the strength and stability of the cooperative, APSFCU began expanding its field of membership in 1968. That year, the employees of Albuquerque Technical-Vocational Institute (TVI) were welcomed as new members. In 1970, more groups were qualified for credit union membership: educational retirees of APS and TVI, school employees in Los Lunas and Bernalillo, and several private and parochial schools.

Employees of the University of New Mexico and University Hospital were added to the credit union's field of membership in 1981. In addition, members of the Albuquerque Teachers Federation and all students in APS and TVI became eligible for membership.

In 1982, to reflect its growth among education-related employees and family members, the credit union's name was changed to New Mexico Educators Federal Credit Union. When it began in 1936, the credit union operated out of the office of the secretary at Albuquerque High School. By 2014, New Mexico Educators Federal Credit Union had grown to 16 offices in Albuquerque, Rio Rancho, Los Lunas, Santa Fe, Taos, and Socorro. There are now more than 400 ways to become a member.

So in 2015, to better represent its members and community, the credit union changed its name again. Nusenda Credit Union represents the diversity of our membership. We've taken nearly a century of experience, relationships, and stability and created a new direction forward to continually improve how to best serve you.

It's the banking of the future, available today.

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