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P.O. Box 1743
Alamogordo, NM 88311

Loco Credit Union is headquartered in ALAMOGORDO and is the 21st largest credit union in the state of New Mexico. It is also the 2,589th largest credit union in the nation. It was established in 1953 and as of December of 2013, it had grown to 13 employees and 4,577 members. Loco Credit Union has a B+ health rating.

Field of Membership Restrictions

Must be a resident of Otero County. - See Details

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Data for Q4 2013

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Loco Credit Union has a low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Loco Credit Union had $243,000 in non-current loans and owned real-estate with $4.54 million in equity and loan loss allowances on hand to cover it. This gives Loco Credit Union a Texas Ratio of 5.35% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Loco Credit Union experienced no significant changes from 3.50% as of December 31, 2012 to 5.35% as of December 31, 2013, resulting in a negative change of 52.73%. This indicates that the balance sheet and financial strength for Loco Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Loco Credit Union has increased its total deposits by $5 million, resulting in 16.89% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Loco Credit Union has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Loco Credit Union has $39.04 million in assets with $4.54 million in equity, resulting in a capitalization level of 11.63%, which is excellent.

Institution Statistics

NCUA #66117
Year Chartered1953
Primary Regulator
Assets and Liabilities
Assets$39.04 million
Loans$18.62 million
Deposits$34.57 million
Equity Capital$4.10 million
Loan Loss Allowance$440,000
Unbacked Noncurrent Loans$243,000
Real Estate Owned$0
Historic Data - December 2012
Assets$33.62 million
Equity Capital$3.51 million
Loan Loss Allowance$232,000
Unbacked Noncurrent Loans$243,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin10.68%
Return on Assets1.45%
Return on Equity13.83%
Interest Income$2.35 million
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Loco Credit Union Savings Account Rates

0.35%--Share Saving Account
0.35%--Vacation Club Account
0.35%--Travel Club Account
0.35%--Kirby Kangaroo Club Account
0.35%--Teen Club Account
0.35%--Christmas Club Account

Loco Credit Union CD Rates

1.87%$500-60 Month CD
1.46%$500-48 Month CD
1.26%$500-36 Month CD
1.06%$500-24 Month CD
1.00%$500-18 Month CD
0.70%$500-12 Month CD
0.50%$500-6 Month CD

Loco Credit Union IRA Rates

1.87%--60 Month IRA (Traditional,Roth,CESA)
1.46%--48 Month IRA (Traditional,Roth,CESA)
1.26%--36 Month IRA (Traditional,Roth,CESA)
1.06%--24 Month IRA (Traditional,Roth,CESA)
1.00%--18 Month IRA (Traditional,Roth,CESA)
0.70%--12 Month IRA (Traditional,Roth,CESA)
0.50%--6 Month IRA (Traditional,Roth,CESA)

Loco Credit Union Locations
Branch Office808 Washington AveAlamogordo, NM 88310-5166