Financial Institutions Division

Financial Institutions Division

The primary mission of the Financial Institutions Division (FID) is to license and regulate financial entities within its jurisdiction, to promote a sound financial and economic environment, and to safeguard consumer rights.

  • Safety and soundness are the primary focus in the administration of the acts related to insured depository institutions (banks, credit unions, and savings and loans associations).
  • Compliance is the primary focus in the administration of different rules, regulations, and acts related to non-depository industries (trust companies, collection agencies, endowed care cemeteries, small loan companies, motor vehicle sales finance companies, mortgage companies and loan brokers, escrow companies, and money service businesses).
  • Consumer protection is the underlying purpose of FID, who regulates over 15,000 financial institutions in New Mexico.  FID licenses and regulates state-chartered banks, state-chartered savings & loan associations (aka savings banks), state-chartered credit unions, state-certified independent trust companies, mortgage loan companies, small loan companies, motor vehicle sales finance companies, collection agencies, repossessors, money service businesses, escrow companies, and endowed care cemeteries.

To accomplish these goals, FID works closely with the Federal Deposit Insurance Corporation, the Federal Reserve Banks, the National Credit Union Administration, and other federal and state regulatory bodies.

What We Do

Financial Institutions Division

The Financial Institutions Division (FID) licenses and regulates more than 15,500 financial institutions, branches, and managers. Each type of financial entity has its own specific statutes, rules, and licensing requirements. hes, and managers. Each type of financial entity has its own specific statutes, rules, and licensing requirements. These include state-chartered banks, savings and loan associations, and credit unions; as well as independent trust companies; mortgage loan companies and originators; money service businesses; small loan companies; collection agencies and repossessors; escrow companies; motor vehicle sales finance companies; and endowed care cemetery trusts operating in the State of New Mexico.

About Us

Annual Reports

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Financial Literacy & Education

Forms and Applications

Who We Regulate

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