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Overview / Commentary
1200 10th St
Alamogordo, NM 88310

Otero Credit Union is headquartered in Alamogordo and is the 9th largest credit union in the state of New Mexico. It is also the 743rd largest credit union in the nation. It was established in 1953 and as of March of 2014, it had grown to 90 employees and 32,623 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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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Otero Credit Union had $109,000 in non-current loans and owned real-estate with $36.22 million in equity and loan loss allowances on hand to cover it. This gives Otero Credit Union a Texas Ratio of 0.30% 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 Otero Credit Union experienced no significant changes from 0.19% as of March 31, 2013 to 0.30% as of March 31, 2014, resulting in a negative change of 62.61%. This indicates that the balance sheet and financial strength for Otero Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Otero Credit Union has increased its total deposits by $6.31 million, resulting in 2.72% 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 above average.



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 $277.06 million in assets with $36.22 million in equity, resulting in a capitalization level of 13.07%, which is excellent.

Institution Statistics

NCUA #8475
Year Chartered1953
Primary Regulator
Assets and Liabilities
Assets$277.06 million
Loans$134.94 million
Deposits$238.39 million
Equity Capital$35.88 million
Loan Loss Allowance$338,000
Unbacked Noncurrent Loans$109,000
Real Estate Owned$0
Historic Data - March 2013
Assets$268.86 million
Equity Capital$34.17 million
Loan Loss Allowance$412,000
Unbacked Noncurrent Loans$109,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.63%
Return on Equity4.83%
Interest Income$1.96 million
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Otero Credit Union Savings Account Rates

0.15%--Regular Savings Account
0.15%$100-IRA Share Account
0.15%--Health Savings Account
0.15%$100-Roth IRA Share Account

Otero Credit Union Money Market Rates

0.25%$2,500-Money Market Account

Otero Credit Union CD Rates

1.21%$1k-48 Month Share Certificate
1.00%$1k-36 Month Share Certificate
0.90%$1k-30 Month Share Certificate
0.85%$1k-24 Month Share Certificate
0.60%$1k-18 Month Share Certificate
0.50%$1k-12 Month Share Certificate
0.25%$1k-6 Month Share Certificate

Otero Credit Union IRA Rates

1.21%$1k-48 Month IRA Certificate
1.00%$1k-36 Month IRA Certificate
0.90%$1k-30 Month IRA Certificate
0.85%$1k-24 Month IRA Certificate
0.60%$1k-18 Month IRA Certificate
0.50%$1k-12 Month IRA Certificate
0.25%$1k-6 Month IRA Certificate

Otero Credit Union Locations
Branch Office1200 10th StAlamogordo, NM 88310
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