In 1948, a small group of Sandia National Laboratories employees had the need and foresight to create a credit union for their fellow employees. The corporate Sandia National Laboratories entity fully supported the formation of the Credit Union back then, and does so now almost 72 years later. SNL and SLFCU have once again formalized their important relationship with a Memorandum of Understanding.
“SNL employees made it possible for SLFCU to grow into one of the largest financial institutions in the Southwest. Aside from the good SNL does on its own, it has been the impetus for growing our organization to $3 billion in total assets, 110,000 members, and 350 employees,” according to Robert Chavez, SLFCU’s Chief Executive Officer. “We would never have been so successful without the relationship we've had with SNL. It is but one example of the breadth and depth of what SNL has meant to New Mexico,” shared Chavez.
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