Loco Credit Union

A short history of Loco CU

Since its inception in 1953 the Loco Credit Union has been serving its members in the ALAMOGORDO, New Mexico area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Pam Vega, the Loco CU has grown its membership to over 4,847 with assets of more than $46,776,491. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (575) 437-3110 or email them at cindy@lococreditunion.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in ALAMOGORDO, NM.

General Information For Loco CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Compare Loco Credit Union To Other Local Credit Unions

Credit Union Name	Branch Name	Address	Zip Code	Phone Number	ATM Access	Distance (Miles)
Otero CU	Holloman Office	PO BOX 1058	88311	(575) 434-8500	No	0.74

Loco Credit Union Financial Performance Charts

Financial Data

Loco Credit Union Lowest Loan Rates With State and USA Rankings

	Unsecured Credit Card	New Car Loans	Used Car Loans	1st Mortgage Loans	Other Real Estate
Rate	13.90	9.76	11.00	7.13	5.75
Mean Rate For All USA Based Credit Unions	10.56	3.72	5.00	4.48	4.95
Rank Among All USA Credit Unions	493	624	771	441	317
Rank Among All New Mexico Credit Unions	22	36	33	22	14

Loco Credit Union Highest Deposit Rates With State and USA Rankings

	Checking	Regular Savings	Money Market	Certificates of Deposits	IRA/KEOGH
Rate	N/A	0.35	N/A	1.00	1.41
Mean Rate For All USA Based Credit Unions	0.19	0.26	0.29	0.73	0.66
Rank Among All USA Credit Unions	N/A	81	N/A	174	106
Rank Among All New Mexico Credit Unions	N/A	7	N/A	11	4

Loco Credit Union Loans and Leases

Interest Rate

Number of Loans

Amount

Unsecured Credit Card Loans	13.900	367	387,829
All Other Unsecured Loans/Lines of Credit	13.530	607	1,019,631
Short-Term, Small Amount Loans (STS) (Federal CU Only)	0.000	0	0
Non-Federally Guaranteed Student Loans	0.000	0	0
New Vehicle Loans	9.760	68	1,306,243
Used Vehicle Loans	11.000	1,666	15,167,543
Total 1st Mortgage Real Estate Loans/Lines of Credit	7.130	6	112,495
Total Other Real Estate Loans/Lines of Credit	5.750	14	264,691
Leases Receivable	0.000	0	0
Total All Other Loans/Lines of Credit	9.970	187	1,745,083
TOTAL LOANS & LEASES		2,915	20,003,515

Loco Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding

Amt of Loans Outstanding

No. of Loans Granted Year- to-Date

Amount Granted Year-To-Date

Fixed Rate
a. > 15 years	0	0	0	0
b. 15 Years or less	2	38,188	0	0
Balloon/Hybrid
a. > 15 years	1	27,978	0	0
b. 15 Years or less	3	46,329	0	0
Other Fixed Rate	0	0	0	0
Adjustable Rate 1 yr or less	0	0	0	0
Adjustable Rate > 1 yr	0	0	0	0

OTHER REAL ESTATE

Closed-End Fixed Rate	0	0	0	0
Closed-End Adjustable Rate	0	0	0	0
Open-End Adjustable Rate	14	264,691	0	0
Open-End Fixed Rate	0	0	0	0
TOTALS	20	377,186	0	0

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans	0	0		0
Interest Only & Payment Option Other RE/LOC Loans	0	0		0
REVERSE MORTGAGES
a. Federally Insured Home Equity Conversion Mortgage (HECM)	0	0	0	0
b. Proprietary Reverse Mortgage Products	0	0	0	0

Loco Credit Union Member Offerings

First Time Homebuyer Program	No
Real Estate Loans	No
Pay Day Lending	Yes
Share Secured Credit Cards	Yes
Overdraft Protection/Courtesy Pay	Yes
Overdraft Lines of Credit	No
ATM/Debit Card Program	Yes
Interest Only and Payment Option 1st Mortgage Loans	No
Check Cashing	Yes
Money Orders	Yes
No Surcharge ATMs	Yes
Home Banking Via Internet Website	Yes