Overview / Commentary
Loco Credit Union is headquartered in Alamogordo and is the 18th largest credit union in the state of New Mexico. It is also the 2,233rd largest credit union in the nation. It was established in 1953 and as of December of 2021, it had grown to 15 employees and 5,581 members at 1 location. Loco Credit Union has a B+ health rating.
Field of Membership Restrictions
Loco Credit Union is open to those who live in Otero County, and to school employees and school board members in Lincoln, Soccoro, Catron, Guadalupe, Torrance, DeBaca, Union, Hidalgo or Harding Counties.
See current membership details
Health
B+
Data as of Q4 2021
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Loco Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 66117 |
| Year Chartered | 1953 |
| Employees | 15 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.46% |
| Return on Equity - YTD | 3.32% |
| Annual Interest Income | $2.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $66.9MM$58.0MM |
| Loans | Q4 2021vs Q4 2020 | $26.0MM$25.4MM |
| Deposits | Q4 2021vs Q4 2020 | $57.1MM$49.0MM |
| Equity Capital | Q4 2021vs Q4 2020 | $9.2MM$8.2MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $393.00K$533.00K |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $915.00K$244.00K |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |