CARLSBAD, NM, October 19, 2026 (EZ Newswire) -- Eddy Federal Credit Union, a member-owned financial institution serving more than 5,600 members in New Mexico’s Eddy County and their immediate families, recently celebrated the grand opening of its new 6,500-plus-square-foot building at 901 W. Pierce St. in Carlsbad. The facility replaces the credit union’s original branch and was designed with improved functionality, efficiency, and member service in mind.
The new building follows nearly 10 years of planning and gives Eddy Federal Credit Union a modernized space spanning its front lobby, member-service areas, and back offices. CEO Donna Davis led much of the branch redesign, providing direction on details including the color palette, interior textural elements, and exterior stone.
Member-Owned Banking for Eddy County
For those who live or work in New Mexico’s Eddy County, as well as their immediate families, Eddy Federal Credit Union is providing them with the financial resources they need, putting power into the hands of the people. As of 2026, the credit union has more than 5,600 members, all who are part owners. Answering to members and their communities rather than shareholders makes all the difference, shares Davis.
“Because we are a nonprofit, we’re able to offer our members lower rates on loans and higher rates on certificates of deposit,” she stated. “Our members own this credit union. They’re the reason we’re here.”
When Donna joined Eddy Federal Credit Union in 2000 as a loan officer, the institution held approximately $9 million in total assets. Over the past 26 years, it has grown steadily in size with assets now totaling $63 million. As a nonprofit financial institution, the credit union reinvests growth into benefits for members and the community at large — with giveback initiatives including organizations like the local hospital and children’s sports teams.
From various loan options and mortgages to checking and savings accounts for all stages of life, Eddy Federal Credit Union designs its services around helping members reach their financial goals. This means considering the methods members prefer, with both convenient digital options and personalized face-to-face services available.
“Some people, especially the younger generation, want the opportunity to take care of everything online,” said Davis. “Other members want to come in person and tell you about their life, their grandkids, or anything else on their mind. We love both.”
Davis has embraced innovation and strives to implement multiple new ideas each year so the credit union doesn’t stagnate. As she prepares the team for her eventual retirement, she feels proud to leave her mark on the institution she loves so much.
“This is the best place in the whole world to work,” said Davis. “We can positively impact so many lives, whether that’s by providing a loan they really need or just giving them advice. We’re blessed to be able to answer that calling. Our members own this credit union. They’re the reason we’re here,” Davis concluded.
About Eddy Federal Credit Union
Eddy Federal Credit Union is committed to making available products and services that enable members to meet their financial needs and reach their financial goals. The credit union emphasizes protecting member information while providing competitive financial products and services. For more information, visit eddyfederalcu.com.
Media Contact
###
SOURCE: Eddy Federal Credit Union
For questions regarding this release or its content, contact hello@eznewswire.com for immediate assistance.