New Mexico Credit Unions and Small Businesses Host Roundtable on Credit Card Competition Act5/8/2026
Albuquerque, NM – The Credit Union Association of New Mexico, in partnership with the Small Business Payments Alliance, hosted a roundtable with credit union leaders, small business owners, and congressional staff from the offices of U.S. Senators Martin Heinrich and Ben Ray Luján to share the negative impacts of the federal Credit Card Competition Act on community-based financial institutions and local businesses
When a consumer uses a credit or debit card, a small fee known as interchange helps fund the systems that make those transactions possible. That includes fraud monitoring, cybersecurity protections, and the ability to securely and quickly move money between accounts. The proposed Credit Card Competition Act (CCCA) would change how those transactions are processed by requiring certain credit cards to be enabled on at least two unaffiliated networks, allowing merchants to route payments through the network they choose – regardless of the risk from lower fraud and cybersecurity measures of unaffiliated networks. “Credit unions are focused on protecting their members and ensuring they have access to safe, reliable financial services,” said Melia D. Heimbuck, President and CEO of the Credit Union Association of New Mexico. “Interchange supports the security and infrastructure behind everyday transactions. Proposals like the Credit Card Competition Act risk increasing fraud, reducing consumer benefits, and limiting access to credit for the people who need it most.” Participant credit unions, including First Financial, Nusenda, Rio Grande, Sunward, and Zia, discussed concerns that changes would disrupt the current system, and likely weaken security protections while also reducing the resources available to prevent fraud. Small business owners shared their perspectives on serving customers and managing payments, noting the importance of a system that is secure, consistent, and built to protect both businesses and consumers. “The Credit Card Competition Act as currently written will help big-box stores, not New Mexico-based small businesses,” said Ashley Fathergill, owner of Upside Goods. “Local businesses and New Mexico consumers need a safe, fair system that minimizes costs while maximizing security.” Most importantly, participants raised concerns about the broader impact on consumers. Changes to the current system could reduce availability of credit, especially for low-income households and underserved communities who often rely on credit cards to make ends meet. Also, as losses due to fraud go up, lenders, including credit unions, will be forced to tighten credit options. Tighter credit options reduce credit availability. A reduction in credit availability will be felt most by those who are the most reliant on the credit in the first place. The discussion also highlighted concerns about how the changes would be felt across the business community. Intended to reshape the payments landscape, participants noted that the largest retailers are most likely to benefit, while small businesses could be put at a competitive disadvantage. Research indicates that most potential savings would go to merchants with more than $500 million in annual sales, while small businesses could face reduced access to credit and fewer customer incentives tied to card use. The roundtable provided an opportunity for congressional staff to hear directly from New Mexicans about how federal policy proposals could impact local communities. The Credit Union Association of New Mexico will continue working with policymakers and partners to support a payments system that prioritizes security, access to credit, and the financial well-being of New Mexico communities.
Albuquerque, NM — In recognition of Financial Literacy Month and in celebration of Youth Month across the credit union movement, the Credit Union Foundation of New Mexico proudly continues its statewide initiative, New Mexico Credit Unions Read.
Launched in 2023, New Mexico Credit Unions Read is a coordinated effort that brings credit union professionals directly into elementary school classrooms across the state to read a financial literacy-focused book to students. The program is designed to introduce foundational money concepts in a way that is engaging, accessible, and memorable for young learners. Volunteers not only read the selected book aloud, but also lead guided discussions with students about the themes—helping them begin to understand concepts like saving, budgeting, needs versus wants, and making thoughtful financial choices. A key component of the program is its commitment to accessibility and inclusion. The Credit Union Foundation of New Mexico provides both the featured book and accompanying curriculum materials in English and Spanish, ensuring that more students and classrooms across the state can fully participate and benefit from the experience. Now in its fourth year, the program continues to grow in both reach and impact. In 2026, 17 participating credit unions came together with more than 250 volunteers to visit classrooms throughout New Mexico, reaching approximately 14,500 elementary school students during the month of April. This year’s featured book, A Budget for Bingo by Tori Filas, helped bring these lessons to life through storytelling, giving students a relatable and age-appropriate introduction to budgeting and decision-making. “Great things are happening in New Mexico!” said Melia Heimbuck, President and CEO of the Credit Union Association of New Mexico. “This program is a powerful example of what happens when credit unions come together to invest in their communities. By offering these resources in both English and Spanish, we’re able to meet students where they are and make sure these important lessons reach as many young New Mexicans as possible.” To extend the impact beyond the classroom visit, the Foundation also provides teachers with a curriculum and classroom materials aligned to the book. This allows educators to turn the reading into a broader financial literacy unit, reinforcing key concepts and continuing the conversation with students after the volunteers leave. New Mexico Credit Unions Read reflects the credit union philosophy of people helping people and highlights the movement’s shared commitment to strengthening communities through education. As the initiative continues to grow, the Foundation remains focused on equipping young New Mexicans with the knowledge and confidence to make informed financial decisions. About the Credit Union Foundation of New Mexico The Credit Union Foundation of New Mexico supports the credit union community through financial education initiatives, community outreach, and programs that promote economic well-being across the state. The Foundation is dedicated to advancing the credit union mission of people helping people. Media Contact: Sara Rochelle VP, Public Affairs & Association Services Credit Union Foundation of New Mexico [email protected] 575-202-7227
Last week on Capitol Hill, New Mexico credit union leaders with branches in New Mexico’s 3rd Congressional District (CD3) sat down with Rep. Teresa Leger Fernández to share the impact credit unions have in their communities. Along with sharing data, credit union leaders shared stories about helping to meet the needs of affordable housing, the impact of credit card rates and interchange, and how New Mexico’s CDFI credit unions achieved impact through $5.6 billion in active loans to members through the third quarter of 2025.
Just a few hours later, those conversations were already making a difference. By lunchtime, Rep. Leger Fernández was on the House Floor speaking about the CDFI Fund and how credit unions leverage those funds to help New Mexicans manage the cost of living. Hearing those ideas echoed in real time was a powerful reminder of why we advocate and what advocacy in action looks like! When credit union leaders bring their experiences, data, and stories to Capitol Hill, they help shape the conversation happening in America. Credit Union Association of New Mexico Welcomes Christopher Burgos as Advocacy Coordinator2/17/2026
Albuquerque, NM — The Credit Union Association of New Mexico is pleased to welcome Christopher Burgos to the team as Advocacy Coordinator. In this role, Burgos will support the Association’s legislative, political, and regulatory advocacy efforts on behalf of New Mexico’s credit unions and the members they serve.
Burgos will help strengthen the Association’s advocacy efforts by building meaningful relationships with policymakers and member credit unions, support grassroots engagement, and communicate timely legislative, political, and regulatory updates. His work will support a unified credit union voice at the Roundhouse and in Washington, D.C., ensuring New Mexico’s credit unions are heard by those that make decisions affecting credit union operations. Burgos brings a strong background in public policy, legislative affairs, and federal program administration. Most recently, he served as a Program Analyst with the U.S. Department of Housing and Urban Development, where he conducted policy research, evaluated multimillion-dollar grant programs, and delivered briefings to senior leadership. He previously worked as a Loan Officer with the U.S. Small Business Administration, supporting disaster recovery efforts nationwide, and has experience in legislative liaison work and nonprofit advocacy. “Advocacy is about ensuring communities have a seat at the table and that policy decisions reflect real-world impact,” said Burgos. “I’m excited to join the Credit Union Association of New Mexico and to work alongside our member credit unions to strengthen relationships, support smart policy, and advance the credit union difference across the state.” “Christopher’s experience in policy analysis, legislative engagement, and coalition building will be a tremendous asset to our members,” said Melia Heimbuck, President and CEO of the Credit Union Association of New Mexico. “Advocacy is core to the work of our Association, and his addition strengthens our ability to elevate the credit union voice and deepen engagement across New Mexico.” The Credit Union Association of New Mexico represents credit unions across the state through advocacy, education, and collaboration, ensuring credit unions can continue improving the financial lives of New Mexicans.
Albuquerque, NM -- The Credit Union Association of New Mexico is pleased to share two leadership updates that strengthen its mission to advocate, educate, and collaborate with New Mexico’s credit unions.
Sara Rochelle has been promoted to Vice President of Public Affairs & Association Services. Sara, who earned her Credit Union Designated Educator (CUDE) designation in 2025 and is a Credit Union Certified Marketing Executive (CUCME), will oversee advocacy communications, partnerships, member engagement, and other key Association services that strengthen statewide collaboration. Kelsey McKahin has returned to The Association as Director of Programs & Events, bringing expanded experience from her time with Montana’s Credit Unions along with her newly earned master’s in project management and CUDE designation. Kelsey began her credit union career at The Credit Union Association of New Mexico in 2023 and returns to lead the growth and execution of statewide programs and educational events. “These two changes are a big win for credit unions in New Mexico,” said Melia Heimbuck, President & CEO. “Sara has stepped into every challenge with creativity and dedication, and her leadership has made a real difference for our members. Additionally, having Kelsey return feels like welcoming home someone who already understands the heart of our work. I’m looking forward to seeing what they accomplish together.” Sara reflected on her new role and the direction ahead. “I’m grateful for the opportunity to keep growing with The Association,” said Rochelle. “New Mexico credit unions are doing incredible work, and I’m proud to support that. Having Kelsey back only strengthens what we’re building, and I’m excited for what’s ahead.” Kelsey shared her excitement about returning to the credit union community where she began. “I’m really happy to be back at The Association and working with New Mexico credit unions again,” said McKahin. “This place shaped the start of my career, and I’m looking forward to building programs and events that bring people together and support the work credit unions do every day.” The Association looks forward to the impact both leaders will have as they work together to advance advocacy, collaboration, and education for New Mexico’s credit unions. About The Credit Union Association of New Mexico The Credit Union Association of New Mexico is the trusted trade association for New Mexico credit unions, supporting member success through legislative advocacy, professional development, communications, and cooperative engagement. Media Contact: Sara Rochelle, VP of Public Affairs & Association Services Credit Union Association of New Mexico [email protected] 575-202-7227
A message from Scott Simpson, America’s Credit Unions new president/CEO
To the credit union movement: I’m just getting started in my new role as President and CEO of America’s Credit Unions, and while I am not new to credit unions, I recognize that there is a lot for me to learn, and a lot of opportunities to strengthen our movement. I took this job because I believe wholeheartedly in the credit union mission. We’ve got challenges ahead, but I also know we’ve got something special here. I’m excited about what’s possible when we work together. For those who don’t know me, I have been part of the credit union movement for over two decades, most recently in the League System serving California’s Credit Unions, Nevada’s Credit Unions, and Utah’s Credit Unions. Before that, I worked for a U.S. Senator and led the Utah Republican Party. I grew up as a “political hack,” if you will, but the call to protect and empower credit unions is something I felt connected to the first time I experienced the unique power of cooperative finance. I was hooked. Over the last 20 years, I’ve remained astounded by what you do for your members. Credit unions change lives. You help folks build a better future, one member at a time. You rise to a greater calling every single day. That kind of impact doesn’t happen by accident. It takes the right political, legislative and regulatory environments that allow you to focus on your members, build strong relationships, and meet their needs. That’s where America’s Credit Unions and the League System come in. We’re here to be your voice in Washington, to help create an environment where credit unions can exist without barriers, and ultimately thrive. We’ll be working closely with you, your league, and industry partners to tackle the tough issues and make sure your voice is heard loud and clear in Washington, D.C., and beyond. I know the road ahead won’t always be smooth. There’ll be bumps, detours, maybe even a few potholes. But if we stay focused on where we’re headed—a stronger, more connected credit union movement—we’ll get there together. In the coming months, I’d love to hear from you. Your membership is important to me and your feedback will help shape our unified voice and direction. I look forward to working closely with you and can’t wait to see what we accomplish. Warm regards, Scott Simpson President & CEO America’s Credit Unions
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