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Casa de Cambio La Monedita is a New Mexico-licensed money services business offering check cashing, money transfers, and bill payment across three Albuquerque locations.
Data compiled from public sources
Casa de Cambio La Monedita operates as a registered Money Service Business in New Mexico, holding state license #1920744 from the New Mexico Regulation and Licensing Department. The company is branded under Hermosillo and Nuñez of New Mexico LLC and maintains proprietary registered trademarks including "La Monedita®" and "TurboChecks®" through the USPTO.
The company provides check cashing services, money transfers through authorized partner transmitter companies, bill payment services, and listed tax refund check cashing. They operate three physical locations across Albuquerque: 1624 Goff Blvd SW, 6205 Central Ave NW #1, and 9601 Sage Rd SW. The website indicates they are authorized delegates for multiple money transmission companies, though specific partner names are listed as "Compañías de Envíos TRANSMISORES DE DINERO" without detail.
The company distinguishes itself through bilingual services (Spanish/English), established trademarked brands, and listed focus on tax refund check cashing. They maintain compliance documentation pages including fraud prevention information, regulatory compliance materials, and participation in the DHS Blue Campaign. The website emphasizes their state licensing and proprietary service marks as differentiators.
As a traditional check-cashing storefront, La Monedita serves customers who lack traditional banking access or need immediate check conversion. However, specific fee structures, exchange rates for money transfers, and partner transmitter companies are not disclosed on the website. The business model relies on convenience and accessibility rather than competitive rate transparency.
This is state-level context for Check Cashing & Money Services consumers in Albuquerque, NM. It does not confirm that CASA DE CAMBIO LA MONEDITA # 2 or this specific location is licensed.
State regulator
New Mexico Regulation and Licensing Department - Financial Institutions Division
Consumer protection
Short-term lending status: Banned
General rate context: 36% APR cap on all consumer loans (2023 law); payday lending effectively banned
New Mexico enacted a 36% APR cap on all consumer loans in 2023, effectively banning payday lending. This was a significant reform given the state's high poverty rate. Consumers can file complaints with the Financial Institutions Division or the Attorney General's Consumer Protection Division.
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
CASA DE CAMBIO LA MONEDITA # 2 offers 8 services including Check cashing for personal and business checks, Tax refund check cashing, Money transfers through authorized transmitter companies, Bill payment services, Wire transfers, and 3 more.
CASA DE CAMBIO LA MONEDITA # 2 has profile signals associated with Unbanked and underbanked residents of Albuquerque lacking traditional checking accounts, Spanish-speaking customers preferring bilingual check-cashing services, Customers needing tax refund checks converted to cash quickly, Individuals sending money transfers to multiple countries through authorized partners.
Key strengths: State-licensed Money Service Business with valid NMLS #1920744 in New Mexico; Three physical locations across Albuquerque for customer accessibility; Proprietary registered trademarks (TurboChecks® and La Monedita®) indicating brand establishment. Areas to consider: Fee structure and pricing not disclosed on website—only a generic 'Precios' link with no actual rates shown; Money transfer partner companies not clearly identified, only vague reference to 'Compañías de Envíos TRANSMISORES DE DINERO'.
In the Check Cashing & Money Services category, comparable providers include ACE Cash Express, CASA DE CAMBIO LA MONEDITA # 1, Checkmate. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
Casa de Cambio La Monedita is profile signals for Spanish-speaking and unbanked residents of Albuquerque who need immediate check cashing and money transfer services at physical locations. The primary caveat is lack of pricing transparency on their website—customers must visit or call to learn actual fees and rates, and the company does not offer online or remote services.
Albuquerque, NM's ACE Cash Express at 4001 San Mateo Blvd NE provides check cashing and fast financial services weekdays and Saturday mornings.
Profile signals: Unbanked and underbanked consumers needing check cashing and bill payment services, Consumers seeking emergency-cash timing to verify access without traditional credit requirements
Casa de Cambio La Monedita is a state-licensed money services business in New Mexico offering check cashing, money transfers, and bill payment across three Albuquerque locations.
Profile signals: Unbanked and underbanked individuals needing immediate liquidity from checks, Spanish-speaking immigrants and communities requiring money transfer services
Checkmate Albuquerque, New Mexico — Checkmate is a check cashing and loan provider offering a range of financial services for consumers who need fast ac...
Profile signals: Unbanked or underbanked consumers needing to cash checks without a bank account, Consumers needing a short-term loan alongside check cashing in a single visit
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