Credit union · NCUA insured
RECU Carrot Score
A $79.5M credit union headquartered in Belen, NM, with 3,660 members and 1 branch in New Mexico.
RECU Carrot Score
81
Carrot Score
Higher than 56% of U.S. banks and credit unions
- CDs82
- Savings85
- Auto loans64
- Credit cardsNot scored
Each bar is every U.S. bank and credit union, lowest score to highest. Choose a product to see its rates.
Where RECU ranks
By Carrot score, in each area where it has branches
Scores run from 60 to 99; 90 and up means rates near the best in the country. Top Carrot marks a score of 87 or more, the top quarter of U.S. banks and credit unions. It’s about rates only, not safety, service or who can join.
By product
How each product scores
How its rates compare with every U.S. bank and credit union. Open a product to see them.
CDs
82top 41% nationally
| Term | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| 3-8 months | 3.80% | 73% | 3.50% | 3.82% | 4.05% |
| 9-15 months | 3.85% | 62% | 3.70% | 4.00% | 4.25% |
| 16-30 months | 3.55% | 60% | 3.35% | 3.85% | 4.20% |
| 31-60 months | 3.44% | 64% | 3.05% | 3.65% | 4.07% |
| Qualified | 3.85% | 49% | 3.85% | 4.15% | 4.35% |
Best rates 68.2 · all terms 61.5 → 65.5 → 82
Savings
85top 29% nationally
| Balance | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| $1,000 | 0.55% | 76% | 0.20% | 0.50% | 1.51% |
| $10,000 | 1.00% | 69% | 0.50% | 1.15% | 2.20% |
| $100,000 | 2.01% | 75% | 1.00% | 2.01% | 2.93% |
| Qualified | 1.00% | 64% | 0.60% | 1.31% | 2.43% |
Best rates 66.8 · all balances 70.9 → 68.4 → 85
Auto loans
64beats 12% nationally
| Vehicle | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| New vehicle | 5.99% | 15% | 5.00% | 4.74% | 4.25% |
| Used vehicle | 6.49% | 13% | 5.39% | 4.99% | 4.49% |
Best rates 15.3 · all vehicles 14.3 → 14.9 → 64
Credit cards
Not scoredWhere the score could improve
- CDs, Qualified4.15%3.85% today, higher than 49% of U.S. institutions. 4.15% would reach the top quarter; 4.35% the top 10%.
- CDs, 16-30 months3.85%3.55% today, higher than 60% of U.S. institutions. 3.85% would reach the top quarter; 4.20% the top 10%.
- CDs, 9-15 months4.00%3.85% today, higher than 62% of U.S. institutions. 4.00% would reach the top quarter; 4.25% the top 10%.
- To score in the 90sIts CDs already have a rate near the best in the country (3.80% at 3-8 months); its other CDs rates need to rank near the top too, so the weaker ones above matter most.
Scores update as rates change. Institutions can correct a rate we show; payment never changes a score.
Method
How the score works
- Each product gets a standingWe compare its CD, savings, auto loan and credit card rates with every bank and credit union in the U.S. and give each product a standing out of 100. Its best rates count the most. For loans and cards, lower rates rank higher.
- Its two best products set the scoreWe average its two strongest products. Each extra product it publishes adds 1.5 points, so sharing more rates can only help.
- Its rank puts it on the 60–99 scaleWe rank that number against every scored bank and credit union in the country to get a score from 60 to 99. The top quarter earn Top Carrot.
How RECU got its score
Its products stand at 68.4 for savings, 65.5 for CDs and 14.9 for auto loans, out of 100. Its best two, savings and CDs, average 67.0. Publishing three products adds 1.5, for 68.5. That puts it in the top 44% nationally: a Carrot Score of 81.
The fine print: inside each product, its best rates make up 60% of its standing and all its rates the rest. Its best rates are its two best CD terms, its $10,000 and Qualified savings or money market rates, the better of its new and used auto loan rates, and its credit card purchase rate. The Qualified rate is the best $10,000 rate you can get by opening another account or meeting monthly requirements (or the standard rate, if that’s higher). Rates that need monthly activity get half credit for the extra they pay, and rates that need a combined balance count only from that balance. We subtract monthly fees and count an intro rate at what it earns over a full year. Accounts for kids, students, seniors, businesses, IRAs and health savings aren’t scored.