An exclusive interview with Paul Stull, a credit union vice president who moved up to take the New Mexico league CEO position.
Exclusive interview with Paul Stull, a credit union vice president who is the new New Mexico league CEO.
As of June 30, New Mexico credit unions were thriving with a return on assets of 101 basis points, according to NCUA quarterly mapping data. That’s well above the national average of 0.86% ROA. However, the so-called fiscal cliff could curse profitability for credit unions in the Land of Enchantment.
While ROAA is well above national average, dependence on government jobs could make New Mexico and its credit unions vulnerable to fiscal cliff.