Otero Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.22% | 5-year CD | 3.10% - Barclays 60 Month Online CD |
| 1.06% | 1-year CD | 2.75% - Barclays 12 Month Online CD |
| 0.15% | Savings | 2.20% - Barclays Online Savings Account |
Otero Federal Credit Union is headquartered in Alamogordo and is the 10th largest credit union in the state of New Mexico. It is also the 767th largest credit union in the nation. It was established in 1953 and as of December of 2018, it had grown to 94 employees and 33,131 members at 6 locations. Otero Federal Credit Union's CD rates are 18% higher than the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship, or attend school in the counties of Chaves, Eddy, Lincoln, and Otero, New Mexico; spouses of persons who died while within the field of membership of this credit union; employees of this credit union; volunteers within the community, members of their immediate families; and organizations of such persons.
See current membership details
OFCU cares.
Otero Federal Credit Union is not just a local bank, but a bank that cares about locals. I have been with them personally myself for over 5 years. I was having issues with identity theft at another bank, but I needed to have at least a Savings account to receive my paychecks. A teller listen to my issues and proceeded to get a member of management to come help me with my issue. Despite having little information that was not compromised, She still worked with me personally to get a Savings AND Checking account. Since then I have been so grateful to Otero Federal Credit Union that I have transferred nearly my entire portfolio to be managed by OFCU. I have also opened a couple of Certificates of Deposits for my kids savings. Otero Federal Credit Union may be the best way to bank in all of New Mexico.
Worst Experience Ever
Worst customer service of any bank I have ever be in. Im currently having to get a lawyer because they shorted me four hundred dollars, and were unable to correct it. I can't use names, but the head boss in Alamogordo told me it wasn't enough money for her to even look into why it went missing. They are a nightmare, stay clear.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 8475 |
| Year Chartered | 1953 |
| Employees | 94 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.91% |
| Return on Equity - YTD | 6.39% |
| Annual Interest Income | $9.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $324.3MM$306.3MM |
| Loans | Q4 2018vs Q4 2017 | $169.7MM$153.1MM |
| Deposits | Q4 2018vs Q4 2017 | $275.1MM$260.5MM |
| Equity Capital | Q4 2018vs Q4 2017 | $45.8MM$42.8MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $674.00K$736.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $368.00K$367.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $227.00K$315.00K |
Always verify rates and promotions with the bank or credit union. We are not Otero Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Otero Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | $25 | - | Regular Savings | |
| 0.15% | $100 | - | Share IRA | |
| 0.15% | - | - | Health Savings Account |
Otero Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | $25k* | - | Money Market | ||
| OTHER TIERS: 0.30% → $2.5k - $25k | |||||
Otero Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.22% | $1k | - | 60 Month Share Certificate | |
| 1.81% | $1k | - | 48 Month Share Certificate | |
| 1.61% | $1k | - | 36 Month Share Certificate | |
| 1.51% | $1k | - | 30 Month Share Certificate | |
| 1.41% | $1k | - | 24 Month Share Certificate | |
| 1.26% | $1k | - | 18 Month Share Certificate | |
| 1.06% | $1k | - | 12 Month Share Certificate | |
| 0.85% | $1k | - | 6 Month Share Certificate |
Otero Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.22% | $1k | - | 60 Month IRA Certificate | |
| 1.81% | $1k | - | 48 Month IRA Certificate | |
| 1.61% | $1k | - | 36 Month IRA Certificate | |
| 1.51% | $1k | - | 30 Month IRA Certificate | |
| 1.41% | $1k | - | 24 Month IRA Certificate | |
| 1.26% | $1k | - | 18 Month IRA Certificate | |
| 1.06% | $1k | - | 12 Month IRA Certificate | |
| 0.85% | $1k | - | 6 Month IRA Certificate |
| Otero Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 1200 10th St | Alamogordo, NM 88310 |
| Branch Office | PO BOX 1058 Bldg 786 | Holloman AFB, NM 88330 |
| Branch Office | 2211 N Main St | Roswell, NM 88201-6458 |
| Branch Office | 1900 S Main St | Roswell, NM 88203-1837 |
| Branch Office | 26086 US Highway 70 | Ruidoso, NM 88345-6167 |
| Branch Office | 3300 N White Sands Blvd Unit A | Alamogordo, NM 88310 |