Otero Federal Credit Union

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 761st largest credit union in the nation. It was established in 1953 and as of March of 2024, it had grown to 94 employees and 34,247 members at 6 locations. Otero Federal Credit Union's CD rates are 5X 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 New Mexico counties of Chaves, Eddy, Lincoln, or 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


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Health Grade Components

NCUA #8475
Year Chartered1953
Primary Regulator
Profit Margin
Return on Assets - YTD1.12%
Return on Equity - YTD8.46%
Annual Interest Income$4.5MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$470.4MM$454.7MM
LoansQ1 2024vs Q1 2023$253.4MM$254.3MM
DepositsQ1 2024vs Q1 2023$405.6MM$396MM
Equity CapitalQ1 2024vs Q1 2023$61.7MM$55.9MM
Loan Loss AllowanceQ1 2024vs Q1 2023$1.8MM$1MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$483K$505K
Real Estate OwnedQ1 2024vs Q1 2023$153K$153K
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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%$25-Regular Savings
0.15%$0-Share IRA

Otero Federal Credit Union Money Market Rates

2.00%*$250k*-Money Market
OTHER TIERS: 1.00% $2.5k - $25k | 1.50% $25k - $50k | 1.75% $50k - $250k

Otero Federal Credit Union CD Rates

4.50%$1k-12 Month Share Certificate
4.25%$1k-6 Month Share Certificate
3.85%$1k-18 Month Share Certificate
3.50%$1k-24 Month Share Certificate
3.25%$1k-36 Month Share Certificate
3.25%$1k-48 Month Share Certificate
3.25%$1k-60 Month Share Certificate

Otero Federal Credit Union IRA Rates

4.50%$1k-12 Month IRA Certificate
4.25%$1k-6 Month IRA Certificate
3.85%$1k-18 Month IRA Certificate
3.50%$1k-24 Month IRA Certificate
3.25%$1k-36 Month IRA Certificate
3.25%$1k-48 Month IRA Certificate
3.25%$1k-60 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 Office26086 US Highway 70Ruidoso, NM 88345-6178
Branch Office3300 N White Sands Blvd Unit AAlamogordo, NM 88310

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