Sep, 30, 2025 — OTERO FEDERAL CREDIT UNION is a federal credit union headquartered in ALAMOGORDO, NM with 6 branch locations and about $508.68 million in total assets. Opened 73 years ago in 1953, OTERO FEDERAL CREDIT UNION has about 33,951 members and employs 97 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OTERO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1200 10th St ALAMOGORDO, NM 88310 |
| Phone: | (575) 434-8500 |
| Fax: | (575) 434-8539 |
| Website: | https://www.oterofcu.org |
| Branches: | 6 branch locations |
| Members: | 33,951 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8475 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $508,682,580 |
| CEO/Manager: | Melene Street |
| Chairperson: | Harry Bloom |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 36,662,176 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 60,353,536 |
| Unsecured Loans | 17,094,658 |
| Other Loans | 170,471,181 |
| TOTAL LOANS | 247,919,375 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,850,463 |
| Land And Building | 8,294,458 |
| Other Fixed Assets | 2,772,603 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,191,840 |
| All Other Assets | 687,885 |
| TOTAL ASSETS | 508,682,580 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,870,192 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 79,481,033 |
| Regular shares | 196,870,055 |
| All Other Shares & Deposits | 152,922,081 |
| TOTAL SHARES & DEPOSITS | 429,273,169 |
| TOTAL LIABILITIES | 432,151,062 |
| Regular Reserve | 0 |
| Other Reserves | -67,563 |
| Undivided Earnings | 76,599,081 |
| TOTAL EQUITY | 76,531,518 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 508,682,580 |
| INCOME & EXPENSE | |
| Loan Income | 11,084,036 |
| Investment Income | 6,547,017 |
| Other Income | 1,873,741 |
| Total Employee Compensation & Benefits | 5,152,374 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 5,852,484 |
| Non-operating Income & (Expense) | -164,297 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 807,471 |
| Cost of Funds | 3,686,504 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,193,062 |
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