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Otero Federal Credit Union

Popular Accounts at this Credit Union

2.02%5-year CD60 Month Share Certificate
0.75%1-year CD12 Month Share Certificate
0.15%SavingsRegular Savings Account

Overview / Commentary
1200 10th St
Alamogordo, NM 88310

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 778th largest credit union in the nation. It was established in 1953 and as of September of 2017, it had grown to 93 employees and 32,588 members at 6 locations. Otero Federal Credit Union has 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

Reviews (2)

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

Posted by: Bobby24 | Jun 12, 2017

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.


Health Grade Components

NCUA #8475
Year Chartered1953
Primary Regulator
Profit Margin
Return on Assets - YTD0.69%
Return on Equity - YTD4.99%
Annual Interest Income$6.5MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$307.5MM$296.7MM
LoansQ3 2017vs Q3 2016$150.4MM$139.4MM
DepositsQ3 2017vs Q3 2016$261.6MM$252.7MM
Equity CapitalQ3 2017vs Q3 2016$42.8MM$41.3MM
Loan Loss AllowanceQ3 2017vs Q3 2016$697.00K$763.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$419.00K$310.00K
Real Estate OwnedQ3 2017vs Q3 2016$178.00K$0
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* 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

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

Otero Federal Credit Union Money Market Rates

0.40%*$25k*-Money Market Account
OTHER TIERS: 0.25% $2,500 - $25k

Otero Federal Credit Union CD Rates

2.02%$1k-60 Month Share Certificate
1.66%$1k-48 Month Share Certificate
1.46%$1k-36 Month Share Certificate
1.31%$1k-30 Month Share Certificate
1.26%$1k-24 Month Share Certificate
1.00%$1k-18 Month Share Certificate
0.75%$1k-12 Month Share Certificate
0.45%$1k-6 Month Share Certificate

Otero Federal Credit Union IRA Rates

2.02%$1k-60 Month IRA Certificate
1.66%$1k-48 Month IRA Certificate
1.46%$1k-36 Month IRA Certificate
1.31%$1k-30 Month IRA Certificate
1.26%$1k-24 Month IRA Certificate
1.00%$1k-18 Month IRA Certificate
0.75%$1k-12 Month IRA Certificate
0.45%$1k-6 Month IRA Certificate

Otero Federal Credit Union Locations
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