State Employees Credit Union in New Mexico vs the state
19.0%Denial rate+0.36 pts vs state
21.5%Decision denial rate-3.15 pts vs state
59.2%Origination rate+5.90 pts vs state
7.25%Median rate+0.63 pts vs state
5.77Rate spread (pts)+5.39 pts vs state
$100kMedian applicant income
250Loans originated
80Denied
Trend in New Mexico
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 417 | 257 | 13.9% | 7.50% | #34 |
| 2024 | 380 | 244 | 12.6% | 7.75% | #46 |
| 2025 | 422 | 250 | 19.0% | 7.25% | #46 |
What State Employees Credit Union lends in New Mexico
By loan purpose
By loan type
Why it denied New Mexico applicants
Where in New Mexico
Counties with the most State Employees Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Santa Fe County | 157 | 116 | 23 | 14.6% |
| Bernalillo County | 57 | 38 | 7 | 12.3% |
| Valencia County | 51 | 28 | 13 | 25.5% |
| San Miguel County | 42 | 19 | 11 | 26.2% |
| Sandoval County | 39 | 27 | 6 | 15.4% |
| Mora County | 5 | 3 | 1 | 20.0% |
| Rio Arriba County | 5 | 3 | 2 | 40.0% |
| Colfax County | 4 | 2 | 1 | 25.0% |
| Los Alamos County | 3 | 2 | 0 | 0.0% |
| Torrance County | 3 | 0 | 1 | 33.3% |
Other large lenders in New Mexico
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 4,440 | 20.5% | 6.75% |
| 21st Mortgage | F | 3,992 | 45.5% | 9.60% |
| United Shore Financial Services | B | 3,251 | 12.8% | 6.13% |
| Guild Mortgage | A | 3,186 | 4.3% | 6.63% |
| Nusenda | D | 2,962 | 13.7% | 8.00% |
| Waterstone Mortgage | C | 2,740 | 3.2% | 6.88% |
| Vanderbilt Mortgage and Finance | F | 2,085 | 46.4% | 9.99% |
| Sunward Federal Credit Union | B | 1,765 | 9.1% | 6.50% |
| Mortgage Research Center | C | 1,683 | 15.9% | 6.25% |
| Primary Residential Mortgage | C | 1,497 | 4.9% | 6.63% |
Frequently asked questions
New Mexico: 422 applications in 2025, of which 250 were originated and 80 denied.
19.0% of all applications, or 21.5% of the applications it actually decided on. The New Mexico statewide average across all lenders was 18.6%.
The median rate on loans State Employees Credit Union originated in New Mexico in 2025 was 7.25%, against a statewide median of 6.63%.
About this data. Figures are State Employees Credit Union's own HMDA filing for properties located in New Mexico, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology