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Overview / Commentary
800-376-9000
P.O. Box 2800
Alamogordo, NM 88311

Otero Credit Union is headquartered in Alamogordo and is the 9th largest credit union in the state of New Mexico. It is also the 744th largest credit union in the nation. It was established in 1953 and as of December of 2013, it had grown to 84 employees and 32,604 members. Otero Credit Union has a A+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Chaves, Eddy, Lincoln or Otero County. - See Details

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Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

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 Otero Credit Union had $154,000 in non-current loans and owned real-estate with $35.86 million in equity and loan loss allowances on hand to cover it. This gives Otero Credit Union a Texas Ratio of 0.43% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Otero Credit Union experienced no significant changes from 0.25% as of December 31, 2012 to 0.43% as of December 31, 2013, resulting in a negative change of 72.30%. This indicates that the balance sheet and financial strength for Otero Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Otero Credit Union has increased its total deposits by $8.04 million, resulting in 3.63% 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 Otero Credit Union has shown is excellent.

Capitalization

GRADE:
A+

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. Otero Credit Union has $267.29 million in assets with $35.86 million in equity, resulting in a capitalization level of 13.41%, which is excellent.

Institution Statistics

Overall
NCUA #8475
Year Chartered1953
Employees84
Primary Regulator
Assets and Liabilities
Assets$267.29 million
Loans$135.37 million
Deposits$229.23 million
Equity Capital$35.48 million
Loan Loss Allowance$374,000
Unbacked Noncurrent Loans$154,000
Real Estate Owned$0
Historic Data - December 2012
Assets$257.43 million
Equity Capital$33.65 million
Loan Loss Allowance$451,000
Unbacked Noncurrent Loans$154,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.08%
Return on Assets0.72%
Return on Equity5.44%
Interest Income$8.03 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Otero Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Otero Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%--Regular Savings Account
0.20%$100-IRA Share Account
0.20%--Health Savings Account
0.20%$100-Roth IRA Share Account

Otero Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$2,500-Money Market Account

Otero Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.00%--Checking Account

Otero Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.31%$1k-48 Month Share Certificate
1.06%$1k-36 Month Share Certificate
0.96%$1k-30 Month Share Certificate
0.90%$1k-24 Month Share Certificate
0.65%$1k-18 Month Share Certificate
0.55%$1k-12 Month Share Certificate
0.30%$1k-6 Month Share Certificate

Otero Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.31%$1k-48 Month IRA Certificate (Traditional,Roth)
1.06%$1k-36 Month IRA Certificate (Traditional,Roth)
0.96%$1k-30 Month IRA Certificate (Traditional,Roth)
0.90%$1k-24 Month IRA Certificate (Traditional,Roth)
0.65%$1k-18 Month IRA Certificate (Traditional,Roth)
0.55%$1k-12 Month IRA Certificate (Traditional,Roth)
0.30%$1k-6 Month IRA Certificate (Traditional,Roth)
Locations


Otero Credit Union Locations
Branch Office1200 10th StAlamogordo, NM 88310
Branch Office1200 10th StAlamogordo, NM 88310
Branch OfficePO BOX 1058 Bldg 786Holloman AFB, NM 88330
Branch Office2211 N Main StRoswell, NM 88201-6458
Branch Office1900 S Main StRoswell, NM 88203-1837
Branch Office211 Highway 70Ruidoso, NM 88345-6042
Branch Office3300 N White Sands Blvd Unit AAlamogordo, NM 88310