# STATE EMPLOYEES
Santa Fe, NM · NCUA charter 65513 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/state-employees-65513

Who the members are: state charter, organized 1958, low-income designated, minority depository institution. 55,710 members of 1,350,000 potential (4.1% of the field); checking penetration 76% (share draft accounts per 100 members); loans per 100 members 60.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.31B |
| Members | 55,710 (4.8% YoY) |
| Full-time staff | 201 |
| Net worth | $142.9M |
| Net worth ratio | 10.9% (p56 of band) |
| ROA (annualized) | 0.66% (p46 of band) |
| Total delinquency | 4.89% (p100 of band) |
| Net charge-offs (annualized) | 0.72% (p70 of band) |
| Loans / shares | 81% (p34 of band) |
| Cash / assets | 17.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.54% (p64 of band) |
| Operating expense / assets | 3.31% (p56 of band) |
| Vehicles % of loans | 44% (p83 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 80% |
| Third-party paper % of net worth | 238% (p73 of band) |
| Vehicle delinquency | 1.72% (p93 of band) |
| Vehicle NCO | 1.84% (p82 of band) |
| Repossessed % of vehicle book | 0.13% (p67 of band) |
| Real estate % of loans | 27% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 158% |
| Core shares % of member funds | 54% |
| Certificates % of member funds | 27% |
| Average share balance | $9,128 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $94.1M |
| Loans outstanding per 100 members | 60% |
| Loans granted per 100 members, annualized | 14% |
| Average loan balance | $28,014 |
| Loans granted, annualized | $288.8M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $94.1M outstanding purchased (65.9% of net worth), $0 sold and retained. Sold in 0 and bought in 7 of the last 8 quarters. Shares 0.1% year over year.

## Flags firing in the latest filing

- **delinquency 2x band** (`aq_dq_high`)
- **delinquency rising** (`aq_dq_rising`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 2 | delinquency rising |  |
| 2018-03 | 1 |  | delinquency rising |
| 2018-06 | 1 |  |  |
| 2018-09 | 2 | loans>95% of shares |  |
| 2018-12 | 3 | net worth falling |  |
| 2019-03 | 3 |  |  |
| 2019-06 | 2 |  | net worth falling |
| 2019-09 | 2 |  |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 1 |  | loans>95% of shares |
| 2020-06 | 2 | net worth falling |  |
| 2020-09 | 2 |  |  |
| 2020-12 | 3 | margin squeeze |  |
| 2021-03 | 3 |  |  |
| 2021-06 | 1 |  | net worth falling, margin squeeze |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 2 | delinquency rising |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 | leaning on borrowings | delinquency rising |
| 2023-03 | 4 | net worth falling, delinquency rising |  |
| 2023-06 | 2 |  | net worth falling, delinquency rising |
| 2023-09 | 3 | delinquency rising |  |
| 2023-12 | 3 |  |  |
| 2024-03 | 3 | delinquency 2x band | leaning on borrowings |
| 2024-06 | 3 |  |  |
| 2024-09 | 4 | net worth falling |  |
| 2024-12 | 3 |  | net worth falling |
| 2025-03 | 3 |  |  |
| 2025-06 | 3 |  |  |
| 2025-09 | 3 |  |  |
| 2025-12 | 3 |  |  |
| 2026-03 | 3 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-09-08 [54 Credit Union Leaders Earn CUDE Designation - cutoday.info](https://news.google.com/rss/articles/CBMiigFBVV95cUxOZVpnbEstUFVkSDRERlRkaWlLX240b3pWSm1DMTN4VW83REFRZzFMU2w5eDcxSGVhRVdnSlk1c3pMcmJtWk5OeUVvb0tLMWVoT3FRNElON1pPM21aZGR0eEI0SWhUY0wtN0lSSDFsSmJBcDQxenBmZFJSbzhNT2tmTFdZTXphWUZtN0E?oc=5) · cutoday.info
- 2026-08-18 [NM Credit Union Foundation announces new board members - Roswell Daily Record](https://news.google.com/rss/articles/CBMi1gFBVV95cUxOd3BCVnlhdzFiaE43U2ltLTdGcDk1Zlg4WWZNbU42TktWLWpiSDdRYXMtMVR5ZzRldTE1bUozXzc5ZG1rX2VnOU4waDJyMmc2YUJYRHJVOEJSZjEzZ1o4TU5ZaXduY18xb1RpVTA5SFlxYnRtcloxVDZIUFBQdFlSb2NRZDZGQXBwRnB1NHhJNjJBMS1DbG9BQ0JZRFBtenpEeFNLc2lqeTd0ZWVMUjZ0a2YtUEdsd0toX1dlaFk2ak9aYWhNXzFtRi13bExSUEZ0QUJ1TEJR?oc=5) · Roswell Daily Record
- 2022-03-14 [State Employees Credit Union announces new president/chief executive officer - CUInsight](https://news.google.com/rss/articles/CBMiuAFBVV95cUxNd0YtX2xsTnJlc1FCTU5jLU1tLWc3RVFKcmp3ODVRSUExYk52dFc3NTJESWlMNi14X2FOY0ktSmd4VG9Iam1tZUhnM0VIdmZnVTg5eFdWWGFVQ2tnWTB6Y0JsTllfN29tOXJ6c1d6WHVlV0pKVmtIQ0Nmc2l1dlpKdGpnX2NrR0NWUTd3MFpFVy1TRnZwNUp6Z09ScVRBT1JYUGtuUmtDNEN0b0VFUWljemIwUXZib19f?oc=5) · CUInsight
- 2025-07-26 [State Employees Credit Union - The Business Journals](https://news.google.com/rss/articles/CBMiwgFBVV95cUxOSUEyLUFtakxPNXR3LUJQZ2ZJaktrcXRNa081aXN3dlJTYlNxLVB6b25UMlhRdGU1dUUydTZ2eldzUlROMGFaakxRWTN0M0Y2QUU5cElSMFZTRTZsTktvZHhOZDBlZnVtYkhpNzd4MkExdXhOV25NZmxoYlVrcFVjakhLdzdyOEtPWmk3U2dyN2JHUmJmdXBWWlM3ZldwMTRuOTBTUk1FY2hWMm43ekhhejUzSVBKN3hiUDBTcXlPb3J5dw?oc=5) · The Business Journals
- 2021-06-10 [CEO of State Employees Credit Union in New Mexico to retire - American Banker](https://news.google.com/rss/articles/CBMingFBVV95cUxQaUpWZ0dDTnJsVk1OcFFNMm5jczUxeHJZSEctWHhZZHo0TV9EWDlmUHB6ZFJ0aWtQaDZwVVNLS2FWSDJYTEVldldyZGdrdTIwZHg1cU1qVVZTM2VqWVpvR25iaXNMRFNuQzdCODlSSm41YkVwZDhEZXA0dDQwRmtPOVZYY1ZoYW96cTBZZlpGZk5tb29KX3ItQXNHVlNhZw?oc=5) · American Banker
- 2024-07-02 [2012-2024 List Of Failed Credit Unions - Bankrate](https://news.google.com/rss/articles/CBMib0FVX3lxTFBqUTBmbUhvaEh6UXpMOERnZTMzUjU2djBQVUVxMHd4UmZFRF84OWFtelZtZXQ3eTF5ZE5fbE5YVTRIUWd2dDVDWjZxZ3F4d3gwRFhMV2FyT21RWXlTLVVoRTE5Z0R1Ql9iMHVmYndZUQ?oc=5) · Bankrate
- 2017-02-16 [Elizabeth "Lizzie" Pauline Martinez Obituary Feb 16, 2017 - Rivera Family Funerals & Cremations](https://news.google.com/rss/articles/CBMieEFVX3lxTE8wQ2czV1BCeGF6SVc0NU9xRHVhOThQU3pUampXaEFsQ2REQlBRZnZvczN1RkV1UmZTeFVrNE94RHZPTmV5S1o2WTNmd2doT21RS2lWRzdRcVNoT082OUVMbk8wVEZQcjdHQ2R6SVhfM0FidFBtTWZ3eA?oc=5) · Rivera Family Funerals & Cremations
- 2025-07-30 [Best of Santa Fe: Business - Santa Fe Reporter](https://news.google.com/rss/articles/CBMifkFVX3lxTFA1SDlXR3lZWFpudG1HYzBkSzBMN2lHV2F5SHBtMUNVUkR3QXp3a0FTcDhCcHJZbVpXM0hoLUpPNEVGSFVYdkdUSUljY1RSWlBmVEVVVmZOejhKc0U2Yzluc29iV1dtd1RnUWN4bXJWNGZpbzhObXI2Ui1Xa1VpUQ?oc=5) · Santa Fe Reporter

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=65513 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/41.json (key "65513", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=65513
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide