State Employees Credit Union
State Employees Credit Union received 422 applications in 2025 and made 250 mortgages, in 21 counties across 1 state. The median rate its borrowers got was 7.250% on a median loan of $85,000. Of 372 decisions, 80 were denials — 21.5%, most often for debt-to-income ratio. 44 of its applications carried no county and are counted here but on no county page.
| Legal Entity Identifier | 549300248R1MFWPWXA09 |
|---|---|
| Applications received | 422 |
| Mortgages made | 250 |
| Denied | 80 |
| Approved, not taken up | 42 |
| Withdrawn or incomplete | 50 |
| Loans bought from other lenders | 0 |
| Median rate spread over the prime offer rate | 5.77 points |
| FDIC-insured bank | This lender is not an FDIC-insured bank under this name: a mortgage company, a credit union, or a bank filing under another name. |
By loan purpose
| Purpose | Mortgages made | Median rate | Median loan | Denied |
|---|---|---|---|---|
| Home purchase | 42 | 6.815% | $195,000 | 19.7% |
| Refinancing | 33 | 6.880% | $125,000 | 41.7% |
| Cash-out refinancing | 103 | 7.380% | $75,000 | 14.4% |
| Other purposes | 72 | 7.440% | $75,000 | 14.8% |
Where State Employees Credit Union lends most
The 21 counties where it made the most mortgages in 2025. Each county page ranks every lender there.
| County | Mortgages made | Median rate | Denied |
|---|---|---|---|
| Santa Fe County, NM | 116 | 7.250% | 15.4% |
| Bernalillo County, NM | 38 | 7.315% | 13.5% |
| Valencia County, NM | 28 | 7.380% | 27.1% |
| Sandoval County, NM | 27 | 7.500% | 16.7% |
| San Miguel County, NM | 19 | 7.250% | 29.0% |
| Mora County, NM | 3 | Under 10 loans | 20.0% |
| Rio Arriba County, NM | 3 | Under 10 loans | 40.0% |
| Colfax County, NM | 2 | Under 10 loans | 33.3% |
| Los Alamos County, NM | 2 | Under 10 loans | 0.0% |
| Quay County, NM | 2 | Under 10 loans | 0.0% |
| Curry County, NM | 1 | Under 10 loans | 0.0% |
| Doña Ana County, NM | 1 | Under 10 loans | 50.0% |
| Grant County, NM | 1 | Under 10 loans | 0.0% |
| Guadalupe County, NM | 1 | Under 10 loans | 50.0% |
| McKinley County, NM | 1 | Under 10 loans | 0.0% |
| Sierra County, NM | 1 | Under 10 loans | 50.0% |
| Chaves County, NM | 0 | Under 10 loans | Not published |
| Cibola County, NM | 0 | Under 10 loans | 0.0% |
| Eddy County, NM | 0 | Under 10 loans | 100.0% |
| Taos County, NM | 0 | Under 10 loans | 100.0% |
| Torrance County, NM | 0 | Under 10 loans | 50.0% |
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When State Employees Credit Union’s figures are published for the next year, or restated.
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Counts, medians and denial shares are computed from the Home Mortgage Disclosure Act loan-level file for 2025, published by the Consumer Financial Protection Bureau through the FFIEC: every application a covered lender received, as the lender reported it. A median rate is what borrowers got, not what you will be offered — it depends on the loan, the property, your credit and the market on the day, and no figure here is a quote. A median over fewer than 10 loans is not shown: it is a number with no meaning and a real person's rate half-exposed. Those cells say "under 10 loans" and the count is still published. This is information, not advice, and no lender pays to appear.