Loco Credit Union

Loco Credit Union is a Credit Union in Alamogordo, NM, located at 808 Washington Ave. It serves members across ten New Mexico counties, including Otero, Lincoln, Catron, Socorro, Torrance, Guadalupe, DeBaca, Hidalgo, Union, Harding, and Loving. The credit union offers auto loans, credit cards, secured loans, and CDs, with rates advertised as low as 4.95% APR for auto loans and 3.25% APR for CD secured loans. It provides online bill pay, mobile deposit, and digital banking access. Loco Credit Union holds a rating of 2.40 based on customer reviews.

The institution began in the early 1950s when a group of teachers organized a financial entity for school employees in Otero County. Charles Southard named it L.O.C.O. Credit Union for Lincoln and Otero Counties. The field of membership expanded in 1965 to include Lincoln County Schools and later added eight other counties not served by other school credit unions. The periods were eventually dropped, and it became LOCO Credit Union. It was state chartered in January 1953 as Otero County Schools Credit Union and operated from a closet in a red brick building on Tenth Street before moving to its current location on Washington Avenue. It was the first financial institution in Alamogordo to go online in December 1981. On July 15, 2007, it became a community chartered credit union, opening membership to all Otero County residents.

Loan services include credit life protection, credit disability protection, guaranteed asset protection, mechanical repair coverage, and collateral protection insurance. The credit union offers one-business-day loan approval turnaround under most circumstances. Members have access to feeless ATMs and a voice response system. Office hours are Monday through Friday from 9:00 a.m. to 5:00 p.m., with drive-up hours Monday through Thursday from 8:00 a.m. to 5:00 p.m. and Friday from 8:00 a.m. to 6:00 p.m. Contact numbers include (575) 437-3110, toll-free (800) 765-4130, and fax (575) 437-5646.

Loco Credit Union combines its long history of serving educators and Otero County residents with modern digital tools like mobile deposit and online bill pay. This blend of community-focused membership and convenient access defines its role in Alamogordo.

Located on Washington Ave in Alamogordo, the business sits about 0.1 miles from Alamogordo City Hall and the Alamogordo Municipal Court. It is also near the Alamogordo Public Library and North Washington Avenue.

BizScoreAI gives Loco Credit Union a Technical score of 92 out of 100, ensuring the website is secure and readable by search engines. The business also holds a Discoverability score of 75 out of 100, which allows AI crawlers to access every page and enables AI assistants to recommend the credit union.