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Fiscal Cliff Could Curse New Mexico

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. Thats 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.

By Candice Reed | Updated on December 05, 2012

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.

If Congress fails to reach an agreement on the budget by year end, more than 200,000 New Mexico jobs would be at risk of sequestration.

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