Why was my account escheated?
If an account is dormant for five years, we will escheat all the funds in the account to the New Mexico Credit Union Education Foundation, which uses funds from escheated accounts for scholarships. You can find out more on the scholarship program here.
When an account becomes dormant, the credit union may assess an inactivity fee. We assess an inactivity fee if:
- The account holder is 18 or older, and
- If the savings account has a balance of $250 or less, and
- there are no other accounts under the member number (loans, checking, share certificate, etc.
- The inactivity fee can be found in our fee schedule on page 2.
If becomes dormant and we have assessed inactivity fees, you can activate your account by making a deposit or withdrawal, and we will refund the inactivity fees
If your account gets escheated, you can contact the New Mexico Credit Union Education Foundation to get your money back.
New Mexico Credit Union Education Foundation:
Mailing Address: 4200 Wolcott Avenue NE, Albuquerque, NM 87109
Phone: (505) 298-9899 ext. 2229 or 800-366-6628 ext. 2229
(575) 647-4500 or
Hours of Operation:
Monday thru Friday, 8 am-5 pm
P.O. Box 99
Las Cruces, NM 88004
Routing & Transit # 312276470
Federally Insured by NCUA
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the U.S. Government. National Credit Union Administration, a U.S. Government Agency.
Equal Housing Lender
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.
White Sands Federal Credit Union is committed to providing a website that is accessible to the widest possible audience in accordance with the WCAG 2.0 standards and guidelines. We are actively working to increase accessibility and usability of our website to everyone. If you are using a screen reader or other assistive technology and are encountering problems using this website, please contact us at 575-647-4500 or 1-800-658-9933. Please provide the location of the inaccessible information. All products and services available on this website are available at all White Sands Credit Union branch locations.
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