Otero Federal Credit Union

  • +1

A short history of Otero FCU

Since its inception in 1953 the Otero Federal 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 Regina Colbert, the Otero FCU has grown its membership to over 32,748 with assets of more than $310,069,736. They have a main office and 6 branch offices. Please see the credit unions website or contact them by phone at (575) 434-8500 or email them at mail@oterofcu.org 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 Otero FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 8475
Address P.O. Box 2800 
City Alamogordo 
State New Mexico 
Zip-Code 88311
Phone Number (575) 434-8500
Fax Number (575) 434-8539
Email Address: mail@oterofcu.org
CEO/President Regina Colbert
Members 32,748 
Full-Time Employees 96 
Part-Time Employees
Number of Branch Offices
Total Assets 310,069,736 
Website https://www.oterofcu.org 

Compare Otero Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Loco CU LOCO Credit Union 808 Washington Ave 88311 (575) 437-3110 No 0.97

Otero Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Otero Federal 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 12.96 2.74 2.74 4.25 4.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 456 113 70 174 100
Rank Among All New Mexico Credit Unions 21 6 2 8 1

Otero Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.10 0.25 0.60 0.60
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 129 105 240 211
Rank Among All New Mexico Credit Unions N/A 17 9 22 15
Otero Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 12.9602,1973,652,048
All Other Unsecured Loans/Lines of Credit 9.9903,3779,669,924
Short-Term, Small Amount Loans (STS) (Federal CU Only) 18.0009836,881
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.7401,50535,159,926
Used Vehicle Loans 2.7404,58659,320,151
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.25039828,066,546
Total Other Real Estate Loans/Lines of Credit 4.00027399,227
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.1406328,216,869
TOTAL LOANS & LEASES 12,820144,521,572

Otero Federal Credit Union Real Estate Loans and Lines of Credit


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 22221,680,758151,872,530
    b. 15 Years or less 1615,960,53615520,900
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 15425,25200


Closed-End Fixed Rate 20265,8704102,500
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 7133,35700
Open-End Fixed Rate 0000
TOTALS 42528,465,773342,495,930


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

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