Overview / Commentary
800-376-9000
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 771st largest credit union in the nation. It was established in 1953 and as of June of 2018, it had grown to 89 employees and 32,460 members at 6 locations. Otero Federal Credit Union's CD rates are 18% higher than the national average, and it 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

Health Grade Components

Overall
NCUA #8475
Year Chartered1953
Employees89
Primary Regulator
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD5.32%
Annual Interest Income$4.7MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$319.0MM$310.1MM
LoansQ2 2018vs Q2 2017$157.8MM$144.5MM
DepositsQ2 2018vs Q2 2017$271.9MM$264.9MM
Equity CapitalQ2 2018vs Q2 2017$43.7MM$42.1MM
Loan Loss AllowanceQ2 2018vs Q2 2017$670.00K$751.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$210.00K$378.00K
Real Estate OwnedQ2 2018vs Q2 2017$261.00K$92.00K
Rates
Skip to rates for:
Report an Issue

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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$25-Regular Savings
0.15%$100-Share IRA
0.15%--Health Savings Account

Otero Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$25k*-Money Market
OTHER TIERS: 0.30% $2.5k - $25k

Otero Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW 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
Locations


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 Office26086 US Highway 70Ruidoso, NM 88345-6167
Branch Office3300 N White Sands Blvd Unit AAlamogordo, NM 88310

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.