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State ECU
State ECU ''(also known as State Employees Credit Union of New Mexico or SECU New Mexico)'' is a federal not-for-profit credit union headquartered in Santa Fe, New Mexico. As of 2019, State ECU has $569 million in assets, over 48,000 members, and eight branches in the New Mexico. Deposits by the members are regulated and insured by National Credit Union Administration (NCUA) under latter's western region jurisdiction. History State Employees Credit Union was formed in 1958 to serve the following counties of Bernalillo, Doña Ana, Rio Arriba, Sandoval, Santa Fe, San Miguel, or Valencia. In 2016, it got a new logo and a shortened name -''"State ECU";'' to distinguish itself from other states' SECUs. Community support programs To overcome the on-going COVID-19 pandemic in New Mexico The COVID-19 pandemic was confirmed to have reached the U.S. state of New Mexico on March 11, 2020. On December 23, 2020, the New Mexico Department of Health reported 1,174 new COVID-19 ...
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Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of Credit (finance), credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative t ...
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National Credit Union Administration
The National Credit Union Administration (NCUA) is a government-backed insurer of credit unions in the United States, one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the Federal Deposit Insurance Corporation, which insures commercial banks and savings institutions. The NCUA is an independent federal agency created by the United States Congress to regulate, charter, and supervise federal credit unions. With the backing of the full faith and credit of the U.S. government, the NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 124 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. Besides the Share Insurance Fund, the NCUA operates three other funds: the NCUA Operating Fund, the Central Liquidity Facility (CLF), and the Community Development Revolving Loan Fund (CDRLF). The NCUA Operating Fun ...
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Non-profit Organizations Based In New Mexico
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a Profit (accounting), profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. An array of organizations are nonprofit, including some political organizations, schools, business associations, churches, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be Tax exemption, tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without securing tax-exempt status. Key aspects of nonprofits are accountability, trustworth ...
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Credit Unions Based In New Mexico
Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower. Etymology The term "credit" was first used in English in the 1520s. The term came "from Middle French crédit (15c.) "belief, trust," from Italian credito, from Latin creditum "a loan, thing entrusted to another," ...
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COVID-19 Pandemic In New Mexico
The COVID-19 pandemic was confirmed to have reached the U.S. state of New Mexico on March 11, 2020. On December 23, 2020, the New Mexico Department of Health reported 1,174 new COVID-19 cases and 40 deaths, bringing the cumulative statewide totals to 133,242 cases and 2,243 deaths since the start of the pandemic. During the last quarter of 2020, COVID-19 hospitalizations in New Mexico increased, reaching a peak of 947 hospitalizations on December 3. The most populous counties in the state have seen the largest number of infections, but by mid-April, the northwest counties of McKinley and San Juan became the most infected areas in the state, with Sandoval County also seeing a high infection rate. All of these counties have large Native American populations. According to the state's data dashboard, American Indians had nearly 58 percent of the statewide infection rates as of May 15. On April 25, McKinley County had the highest total number of cases while San Juan County had t ...
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Valencia County, New Mexico
Valencia County is a county in the U.S. state of New Mexico. As of the 2010 census, the population was 76,569. The county seat is Los Lunas. Valencia County is included in the Albuquerque, NM Metropolitan Statistical Area. The county was a significant bellwether region that held the longest record for predicting presidential election winners until 2020. History The county, which was formerly much larger in area, lost almost 81 percent of its territory on 19 June 1981, upon the creation of Cibola County, which occupies the westernmost portion of Valencia County's former area. Geography According to the U.S. Census Bureau, the county has a total area of , of which is land and (0.2%) is water. It is the second-smallest county in New Mexico by area. Adjacent counties * Bernalillo County - north * Torrance County - east * Socorro County - south * Cibola County - west National protected areas * Cibola National Forest (part) * El Camino Real de Tierra Adentro National Historic ...
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San Miguel County, New Mexico
San Miguel County is a county in the U.S. state of New Mexico. As of the 2010 census, the population was 29,393. Its county seat is Las Vegas. San Miguel County comprises the Las Vegas Micropolitan Statistical Area, which is also included in the Albuquerque–Santa Fe–Las Vegas combined statistical area. Geography According to the U.S. Census Bureau, the county has a total area of , of which is land and (0.4%) is water. Adjacent counties * Mora County - north * Harding County - east * Quay County - southeast * Guadalupe County - south * Torrance County - southwest * Santa Fe County - west National protected areas * Las Vegas National Wildlife Refuge * Pecos National Historical Park (part) * Santa Fe National Forest (part) Demographics 2000 census As of the 2000 census, there were 30,126 people, 11,134 households, and 7,537 families living in the county. The population density was 6 people per square mile (2/km2). There were 14,254 housing units at an average den ...
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Sandoval County, New Mexico
Sandoval County is located in the U.S. state of New Mexico. As of the 2010 census, the population was 131,561, making it the fourth-most populous county in New Mexico. The county seat is Bernalillo. Sandoval County is part of the Albuquerque metropolitan area. History Sandoval County was created in 1903 from the northern part of Bernalillo County. Its name comes from one of the large land-holding Spanish families in the area. The original county seat was Corrales, but it was moved to Bernalillo in 1905. Mormon Battalion Monument (New Mexico) is in the county. Geography According to the U.S. Census Bureau, the county has a total area of , of which is land and (0.1%) is water. The highest point in the county is the summit of Redondo Peak, at . A relatively small portion of the county exists as a geographically separate exclave between Los Alamos County and Santa Fe County. This came about when Los Alamos County was created; the land that became the exclave would have been ...
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Rio Arriba County, New Mexico
Rio Arriba County is a county in the U.S. state of New Mexico. As of the 2010 census, the population was 40,246. Its county seat is Tierra Amarilla. Its northern border is the Colorado state line. Rio Arriba County comprises the Española, NM Micropolitan Statistical Area, which is also included in the Albuquerque- Santa Fe-Las Vegas, NM Combined Statistical Area. History The county was one of nine originally created for the Territory of New Mexico in 1852. Originally extending west to the California line, it included the site of present-day Las Vegas, Nevada. The county seat was initially sited at San Pedro de Chamita, and shortly afterwards at Los Luceros. In 1860 the seat was moved to Plaza del Alcalde. Since 1880 Tierra Amarilla has been the county seat. The Battle of Embudo Pass took place in the southern part of the county during the Mexican–American War in January 1847. Geography According to the U.S. Census Bureau, the county has a total area of , of which ...
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Doña Ana County, New Mexico
Doña Ana County is located in the southern part of the State of New Mexico, United States. As of the 2020 U.S. Census, its population was 219,561, which makes it the second-most populated county in New Mexico. Its county seat is Las Cruces, the second-most populous municipality in New Mexico after Albuquerque, with 111,385 as of the 2020 U.S. Census. The county is named for Doña Ana Robledo, who died there in 1680 while fleeing the Pueblo Revolt. Doña Ana County is one of only two counties in the United States to have a diacritical mark in its name, the other being Coös County, New Hampshire. Notably, both Doña Ana County and Coös County lie on short international borders, the former with Mexico and the latter with Canada. Doña Ana County consists of the Las Cruces, NM Metropolitan Statistical Area, which is also included in the El Paso–Las Cruces, TX–NM Combined Statistical Area. It borders Luna, Sierra, and Otero counties in New Mexico, and El Paso County, Texas ...
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Bernalillo, New Mexico
Bernalillo () is a town in Sandoval County, New Mexico, Sandoval County, New Mexico, United States. As of the United States Census, 2010, 2010 census, the town population was 8,320. It is the county seat of Sandoval County, New Mexico, Sandoval County. Bernalillo is part of the Albuquerque, New Mexico, Albuquerque Albuquerque metropolitan area, Metropolitan Statistical Area. History Wine Festival In the 1620s, the wine grape was introduced to Bernalillo and the wine industry blew up. Families were making their own wine from scratch and vineyards were flourishing. Unfortunately, the market dipped due to drought and floods. Slowly over time, the wine industry came back into Bernalillo and has sustained its health today, becoming a tradition and staple within the town itself. The town has embraced its wine heritage and hosts the New Mexico Wine festival yearly during each Labor Day. The event brings in people from all of New Mexico as well as tourists. The event has served as an ...
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Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of Credit (finance), credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative t ...
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