Applications / Mortgage Analytics / Lenders / New Mexico / White Sands Federal Credit Union
Las Cruces, NM · Credit union · NCUA · $404 million assets · 42 loans in 2025
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42
loans originated, 2025
59
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
White Sands Federal Credit Union is a small Las Cruces lender whose loans rose by 62% in 2025, though from a low base and to a third of what it made in 2020.
The credit union made 42 loans in 2025, up from 26. Similar lenders, credit unions making between half and twice as many loans, grew by 3%, and the whole market by 10%. The base is small, and the longer record runs the other way: it made 131 loans in 2020 and only 13 in 2022. The figures do not say why lending fell so far.
Home purchases were 21.4% of its loans. Home improvement made up 28.6% and other purposes 23.8%, so just over half its lending was not for buying or refinancing a home. Its typical loan fell to $95,000 from $235,000, close to the $90,000 of similar lenders. Every loan was conventional, with no government-backed lending.
Of its loans, 78.6% went to majority-minority neighborhoods, against 9.1% at similar lenders, a higher share than almost all of them. That is no recent shift: the figure was 72.5% five years before. That may reflect the neighborhoods the credit union serves. With 42 loans, a handful either way moves the share.
In Las Cruces, where it has lent since 1991, its share of lending fell to 0.4% from 0.6%, ranking it 54 of 231. Citizens Bank of Las Cruces leads. A smaller typical loan may account for the fall in its dollar share even as its loan count rose. It also entered Laredo in 2025, taking 0.2%.
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Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. White Sands Federal Credit Union took 59 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 28.6% · Refinance 26.2% · Other 23.8% · Purchase 21.4%
Conventional 100.0% · of 42 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 | 34 | 81.0% |
| Texas | 7 | 16.7% |
| California | 1 | 2.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Las Cruces | 32 |
| El Paso | 3 |
| Austin-Round Rock-San Marcos | 2 |
| Laredo | 1 |
| San Diego-Chula Vista-Carlsbad | 1 |
| Sherman-Denison | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300N53R53ZHSNZ234 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 453781 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 57960 | 1991–2017 |
Established 1 January 1952. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: White Sands Federal Credit Union's data.
White Sands Federal Credit Union's data
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White Sands Federal 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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