Applications / Mortgage Analytics / Lenders / New Mexico / Nusenda Federal Credit Union
Albuquerque, NM · Credit union · NCUA · $4.9 billion assets · 1,896 loans in 2025
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1,896
loans originated, 2025
3,033
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Nusenda Federal Credit Union is a New Mexico lender whose loans go mostly to majority-minority areas: 71.1% of its loans, against 11.2% at similar lenders.
Its 71.1% share in majority-minority areas was higher than at nearly all similar lenders (credit unions making between half and twice as many loans), and up from 52.2% five years before. Loans in LMI (low- and moderate-income) areas were 20.9%, against 14.7%, higher than about nine in ten. Its share to LMI borrowers, 25.0%, was near peers' 26.5%. The make-up of its New Mexico markets is one ordinary reason for the area figures.
Home improvement was 30.1% of its loans, refinance 27.6%, other purposes 21.8% and purchases 20.4%. Its typical loan, $85,000, was smaller than at about nine in ten similar lenders. It also made some FHA (insured by the Federal Housing Administration) loans, 2.3%, where the typical peer made none.
Originations fell 2% to 1,896 while similar lenders grew 10%, lower growth than more than four in five of them. Dollars lent rose to $282.1 million from $270.6 million, as its typical loan grew to $85,000 from $75,000.
It ranked 9 of 364 lenders in Albuquerque, with 2.7% of dollars lent, down from 4.1%, and 8 of 239 in Santa Fe, with 3.1%, down from 3.7%. Because shares are of dollars, large loans by others weigh heavily, one possible reason: Albuquerque's leader, JLL Real Estate Capital, lent $2.18B there.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Nusenda Federal Credit Union took 3,033 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 30.1% · Refinance 27.6% · Other 21.8% · Purchase 20.4%
Conventional 96.6% · FHA 2.3% · VA 1.1% · of 1,896 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| New Mexico | 1,881 | 99.2% |
| Texas | 15 | 0.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Albuquerque | 1,546 |
| Santa Fe | 156 |
| Las Cruces | 64 |
| El Paso | 13 |
| Farmington | 5 |
| Austin-Round Rock-San Marcos | 1 |
| Waco | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493007B1GAUZGYHPR07 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 763976 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 5948 | 1990–2017 |
Established 1 January 1936. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Nusenda Federal Credit Union's data.
Nusenda Federal Credit Union's data
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