Our History

In November 2025, GECU Federal Credit Union (GECU), one of the largest locally owned federal credit unions in Texas and New Mexico, announced its intent to acquire the bank, with unanimous support from GECU’s and Bank of the Southwest’s boards of directors and their respective leadership teams. The acquisition received regulatory approval in August 2026 from the National Credit Union Administration (NCUA), the Federal Deposit Insurance Corporation (FDIC), and the New Mexico Financial Institutions Division.

Bank of the Southwest now operates as BOSW by GECU. The combined organization is a $4.9 billion credit union serving more than 449,000 members nationwide. Together, GECU and BOSW by GECU are committed to the mission of providing their members with convenient, superior financial products and services that pave the way to financial freedom.

For additional information on the acquisition, GECU's history and GECU's financial product offerings, please visit www.gecu.com.