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Mountain America exiting New Mexico with branch deal

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Mountain America exiting New Mexico with branch deal


Mountain America Credit Union, one of the nation’s largest, plans to exit New Mexico with a branch deal expected to close early in 2025.

Paul Brady/pabrady63 – stock.adobe.com

A New Mexico-based credit union is bulking up in its home town, acquiring two branches from the $20.3 billion-asset Mountain America Credit Union in Sandy, Utah. 

Members of Mountain America’s two branches in Albuquerque, New Mexico, approved the transaction earlier this month, paving the way for their acquisition by Sunward Credit Union. Expected to close early next year, the deal will result in Mountain America’s exit from New Mexico. No terms were disclosed. 

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Mountain West said in a press release it entered into the agreement with Sunward to focus on other geographies. Mountain West operates more than 100 branches in Utah, Nevada, Arizona and Idaho. A spokesperson had not responded to a request for comment at deadline. 

For the $4.2 billion-asset Sunward, founded in 1948 by employees of Sandia National Laboratories, Albuquerque is a core market. Sunward’s presence includes its headquarters and six other branches. “This addition will strengthen our position and ability to deliver on our goal of making banking better in the Southwest, and in New Mexico specifically,” Sunward CEO Steph Sherrodd said in a press release. 

Albuquerque credit unions have been active acquirers in 2024. The most prominent deals, however, involved banks. In March, the $4.9 billion-asset Nusenda Credit Union completed a deal to acquire the $327 million-asset Western Heritage Bank in Las Cruces. In August, the $1.5 billion-asset U.S. Eagle Credit Union said it planned to acquire the $475 million-asset, Albuquerque-based Southwest Capital Bank. No terms were announced in either instance. 

Branch sales between credit unions are relatively infrequent events, with about five taking place in any given year, Michael Bell, a partner with the Honigman law firm who specializes in credit union deals, said Tuesday in an interview. Like Mountain America’s agreement with Sunward, most involve one institution seeking to “right-size its footprint,” Bell said. 

Michael Bell, an attorney for Royal Credit Union.

Michael Bell

While credit union branch deals typically involve cash consideration for property, as well as a deposit premium, “I do believe there is an altruistic motive as well,” with sellers often concluding the buyers can better serve their members, Bell said. 

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Bell expects branch sales to occur more frequently, with credit unions that have shifted from  employment-based fields of membership to ones that are geographically-oriented moving to exit markets that made sense once but are now distant from the core service area. 

“Many credit unions do have odd footprints based on their historical genesis,” Bell said.

Sunward underwent a name change, from Sandia Laboratories Federal Credit Union, earlier this month. 

 



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New Mexico

Public Service Company of New Mexico Declares Preferred Dividend

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Public Service Company of New Mexico Declares Preferred Dividend


ALBUQUERQUE, N.M., Feb. 27, 2026 /PRNewswire/ — The Board of Directors of Public Service Company of New Mexico, a subsidiary of TXNM Energy (NYSE: TXNM), declared the regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock. The preferred stock dividend is payable April 15, 2026, to shareholders of record at the close of business March 31, 2026.

Background:
TXNM Energy (NYSE: TXNM), an energy holding company based in Albuquerque, New Mexico, delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. For more information, visit the company’s website at www.TXNMEnergy.com.

CONTACTS:
Analysts
Lisa Goodman
(505) 241-2160

Media
Corporate Communications
(505) 241-2743 

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SOURCE TXNM Energy, Inc.



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New Mexico

Santa Fe cracks down on illicit massage parlors as New Mexico legislation fails

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Santa Fe cracks down on illicit massage parlors as New Mexico legislation fails


Santa Fe police received a report in September about a man’s visit to a massage business on Rosina Street, where workers offered more than he had bargained for.

He gave officers a list of sexual acts he alleged he had been offered for a price at Korea Spa, police wrote in a report.

The man told police “he has nothing against prostitution but believes it shouldn’t be near a school,” officers wrote, noting the business sits across the street from Salazar Elementary School, just a block from the busy intersection of Cerrillos Road and St. Michael’s Drive.

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022526 jw massage parlors 3.jpg

Good Luck Body Massage, at 360 E. Palace Ave., is one of several massage businesses the city has shut down amid concerns about suspected illicit activities.

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‘Whack-a-mole’ situation







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Yang Yang Massage/Pony Massage at 1225 S. St. Francis Drive, Unit E shut down after the Santa Fe City Council Finance Committee approved a cease-and-desist order.

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Reports to police rare

The failed state effort



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New Mexico

New Mexico Dominates Distance Events On Day One Of 2026 Credit Union 1 MW Indoor Track & Field Championships

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Mountain West Indoor Track & Field Championship Central | Live Results

RENO, Nev. – The 2026 Credit Union 1 Mountain West Indoor Track & Field Championships opened competition Thursday with six events at the Reno-Sparks Convention Center.

New Mexico raced out to day one leads on both team leaderboards thanks to dominant efforts in Thursday’s distance events. Both Pamela Kosgei and Habtom Samuel won repeat 5,000-Meter gold and broke their respective Mountain West Championships records.

Kosgei’s time of 15:32.15 led a top-four sweep in the event as she was followed in order by Mercy Kirarei, Christina Nisoli, and Nicola Jansen. The performance paced the Lobo women to 41 points on the night, leading Fresno State (19 points) and GCU (18) early on.

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On the men’s side, Habtom Samuel captured the 5,000 Meters in 13:30.40, breaking his own meet record for the second year in a row, for a 14-second victory over Wyoming’s Jacob White. Lobo teammate Evans Kiplagat took third, pacing the New Mexico to 29 points for an early lead over Air Force (13 points) and Utah State (12).

New Mexico also swept both Distance Medley Relays. First up, the Lobo women cruised to gold in 11:02.09, 22 seconds better than runner-up Boise State. The New Mexico men’s DMR held off Utah State and Colorado State at the end, the Lobos’ winning time of 9:39.63 besting the Aggies by 0.69 of a second and the Rams by just over two seconds.

The meet’s first champion was crowned in the women’s pentathlon as Fresno State’s Ella Spaulding took gold, using a second-place effort in the 800 Meters to clinch. Nevada’s Johanna Haas took an early lead with a win in the 60-Meter Hurdles and a fourth place in High Jump, holding on at the end to take silver.

Wrapping up the medals for the night, conference newcomer GCU captured its first Mountain West podium finishes in Pole Vault as Eva Lowder (4.29 meters) and Tatum Moku (4.09 meters) went 1-2.

The men’s Heptathlon will wrap Friday with the 60-Meter Hurdles and Pole Vault. Through four events, Colorado State’s Mateo Munoz, with 3,199 points, holds a 49-point lead over Boise State’s Landon Helms.

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The preliminaries for the 200 meters also took place Thursday. Nevada’s Annalies Kalma paced the field with a time of 23.37 to qualify for Friday’s final, while on the men’s side Air Force’s Jett Rose ran a 20.82 to top the eight qualifiers.

Day Two’s competition gets underway at 10 a.m. MT with the men’s heptathlon 60-meter hurdles.

The Mountain West Network will provide live coverage of the 2026 MW Indoor Track & Field Championships. Fans can watch the indoor track & field championships on their phones or connected TVs via the Mountain West app.

Watch every moment of the MW Indoor Track & Field Championships LIVE on your own TV through Apple TV, Android TV, Amazon Fire TV or Roku. Mobile applications are available through the iOS App Store and Google Play. Visit TheMW.com/app for more information.

For more information regarding the Mountain West Indoor Track & Field Championships, including live results, visit the championship central page or follow the Mountain West on Twitter, Facebook and Instagram.

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2026 Credit Union 1 Mountain West Indoor Track & Field Champions – Day One

Women

Pentathlon: Ella Spaulding, Fresno State – 4,022 points

5,000-Meters: Pamela Kosgei, New Mexico – 15:32.15

Pole Vault: Eva Lowder, GCU – 4.29 Meters

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Distance Medley Relay: New Mexico – 11:02.09

Men

5,000 Meters: Habtom Samuel, New Mexico; 13:30.40

Distance Medley Relay: New Mexico; 9:39.63

2026 Credit Union 1 Mountain West Indoor Track & Field Team Leaderboards – Day One

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Women

1. New Mexico – 41

2. Fresno State – 18

3. Grand Canyon – 17

4. Nevada – 16

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T5. Air Force – 1 4

T5. Boise State – 14

7. Utah State – 13.5

8. San Diego State – 11.5

9. Wyoming – 7

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10. Colorado State – 4

11. San José State – 0

12. UNLV – 0

Men

1. New Mexico – 29

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2. Air Force – 13

3. Utah State – 12

4. Wyoming – 12

5. Colorado State – 6

6. Boise State – 3

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7. San José State – 2

8. Grand Canyon – 1





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