Loco Credit Union


Overview / Commentary
575-437-3110
808 Washington Ave
Alamogordo, NM 88310

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

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Health
B+
Additional 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 Chartered1953
Employees15
Primary Regulator
Profit Margin
Return on Assets - YTD0.46%
Return on Equity - YTD3.32%
Annual Interest Income$2.9MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$66.9MM$58.0MM
LoansQ4 2021vs Q4 2020$26.0MM$25.4MM
DepositsQ4 2021vs Q4 2020$57.1MM$49.0MM
Equity CapitalQ4 2021vs Q4 2020$9.2MM$8.2MM
Loan Loss AllowanceQ4 2021vs Q4 2020$393.00K$533.00K
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$915.00K$244.00K
Real Estate OwnedQ4 2021vs Q4 2020$0$0
Rates
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Loco Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%$100-Share (Savings) Accounts
0.35%$100-Vacation/Travel Club Accounts
0.35%$5-Kirby Kangaroo Club Account
0.35%$5-Teen Club Account
0.35%--Christmas Club Account

Loco Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.31%$500-60 Month CD
1.21%$500-48 Month CD
1.11%$500-36 Month CD
1.00%$500-24 Month CD
0.75%$500-18 Month CD
0.60%$500-12 Month CD
0.50%$500-6 Month CD

Loco Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.31%$100-60 Month IRA
1.21%$100-48 Month IRA
1.11%$100-36 Month IRA
1.00%$100-24 Month IRA
0.75%$100-18 Month IRA
0.60%$100-12 Month IRA
0.50%$100-6 Month IRA
Locations


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

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