Applications / Mortgage Analytics / Lenders / New Mexico / Rio Grande Credit Union
Albuquerque, NM · Credit union · NCUA · $653 million assets · 154 loans in 2025
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154
loans originated, 2025
254
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Rio Grande Credit Union lends far more in poorer and majority-minority neighborhoods than almost any similar credit union, and it makes few purchase loans.
Majority-minority areas took 87.7% of its loans and low- and moderate-income (LMI) areas 39.5%. At similar credit unions (those making between half and twice as many loans) the shares were 9.9% and 17.3%, and its shares were higher than at nearly all of them. The New Mexico markets it serves are a possible reason. LMI borrowers took 39.6% of its loans, against 28.6%.
Purchases were only 18.2% of its 154 loans. Refinances made up 37.7%, other purposes 26.0% and home improvement 18.2%. Every loan was conventional, and its typical loan, $115,000, was close to peers' $105,000.
Its loans rose 13% from 136, against 8% at similar credit unions and 10% for the whole market. Its dollar volume rose to $27.1 million from $19.3 million.
It ranks 47 of 364 lenders in Albuquerque, where its share rose to 0.5% from 0.4% and United Wholesale Mortgage leads. It first reported there in 1994. Filings of New Mexico Central Credit Union, which it merged with in 2012, count in its market figures.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Rio Grande Credit Union took 254 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 37.7% · Other 26.0% · Home improvement 18.2% · Purchase 18.2%
Conventional 100.0% · of 154 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 | 154 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Albuquerque | 151 |
| Santa Fe | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300NVA07UVMZS8E14 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 475493 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 562573 | 1990–2017 |
Established 1 January 1952. Reported under HMDA 1994-2025.
Mergers, name changes, data editions and corrections: Rio Grande Credit Union's data.
Rio Grande Credit Union's data
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Rio Grande Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
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