Financing a repossessed vehicle with State Employees Credit Union is easy. Once you have decided on which vehicle you’re interested in purchasing, please proceed through the following steps:

OPTION #1 – FINANCING WITH SECU

1. Meet with an SECU Loan Officer or Collection Clerk by phone, or in person at the branch location nearest to you.  Your conversation with our Credit Union personnel will provide us with most of the information needed, however before a final decision can be reached we will need the following:
   1. A completed loan application, which must include the following information: (loan applications are available on–line (click here)or at any branch office of State Employees Credit Union)
      1. address, former address, social security number, home, work and mobile phone numbers, place or places of employment, length of employment, etc.
      2. a list of current debts with balances, payments and account numbers
   2. A recent paystub from your employer, or employers; or two years tax returns if self-employed

The approval of an application is dependent upon criteria such as ability to pay, credit history, collateral, and purpose. Loan decisions are usually made the same day you submit an application.

State Employees Credit Union is dedicated to providing affordable loan services to the membership, and our commitment to service remains our highest priority.

OPTION #2 – CASH PURCHASE

1. Once you have decided on a vehicle to purchase, please communicate with the Collection Department that you will be purchasing with cash. The Collections Clerk will explain the process that will follow in an effort to expedite your purchase

OPTION #3 OTHER/OUTSIDE FINANCING

1. Once you have decided on a vehicle to purchase, please communicate with the Collection Department that will have already secured financing through another source. The Collection Clerk will explain the procedure to follow in an effort to expedite your purchase.

If you are not already a member of State Employees Credit Union, we will easily enroll you into the BEST financial institution in New Mexico.

To become a member of State Employees Credit Union, a Prime Share/Savings account is required.  All other account relationships (checking, loans, CDs, etc) will be added as requested.

Criteria for membership is extremely varied – below are some of the specifics.

• Any individual who lives or works in the following counties is eligible for membership: San Miguel County, Valencia County.
• Any individual who works for, or is retired from, any State, City or County agency is eligible to join.  
• All employees of companies that perform contract-work for State, City or County government are eligible to join.
• Any person who has been a previous member of State Employees Credit Union is eligible to re-join at any time.
• All employees of any publishing or printing company located in Santa Fe, Taos or Rio Arriba Counties.

State Employees Credit is proud to offer a full array of products and services...learn more