A credit union is a not for profit financial institution owned and controlled by the people who use its services. These people are members. Credit unions serve groups that share something in common, such as where they live, work, or go to church. These groups make up a credit union's field of membership. Otero Federal Credit Union was federally charted on March 5, 1953 and started with account balances of $1700. The original field of membership included civilian employees of the U.S. Government who worked in Otero County, New Mexico. In November of 1999 after months of research, study, and consideration, OFCU petitioned the National Credit Union Administration (NCUA) for a charter conversion to a community charter from its status as a multiple occupational/associational common bond credit union. NCUA and the Otero Federal Credit Union Board of Directors approved the requested community charter conversion package in late May 2000. The new charter provided a completely new field of membership for the credit union, while maintaining all previous members in the credit union membership. The new community charter defined OFCU's membership as: "Persons who live, work, worship, or attend school in the counties of Chaves, Eddy, Lincoln, and 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." The assets of Otero Federal Credit Union have continued to grow since those early days of 1953 and currently are over 254 million, with a total membership of approximately 33,000. Otero Federal Credit Union is a full service financial institution serving Otero, Lincoln, Chaves, and Eddy County.
BRANCH LOCATIONS
Main Office, Alamogordo
1200 E. 10th Street
Lobby Hours: M-F 9am-5:30pm
Saturday: 9am - 1pm
Drive Thru Hours: M-F 8am-6pm
Saturday: 9am-1pm
Phone: 575-434-8500
Fax: 575-434-8515
Northside Office, Alamogordo
3300 N. White Sands Blvd.
Lobby Hours: M-F 9am-5:30pm
Saturday: 9am - 1pm
Drive Thru Hours: M-F 8am-6pm
Saturday: 9am-1pm
Phone: 575-434-8500
Fax: 575-443-7050
Holloman Office, HAFB
Bldg. 786
Lobby Hours: M-F 8:00am-5:00pm
Drive Thru Hours: M-F 8:00am-5:00pm
Phone: 575-439-2400
Fax: 575-439-2419
Ruidoso Office, Ruidoso
211 U.S. Hwy. 70 West
Lobby Hours: M-F 9am-5pm
Drive Thru Hours: M-F 8:30am-5:30pm
Saturday
Lobby Hours 9am-12pm
Drive Thru Hours 9am-12pm
Phone: 575-378-0020
Fax: 575-378-9823
South Main Office, Roswell
1900 South Main
Lobby Hours: M-F 9am-5:30pm
Drive Thru Hours: M-F 8am-6pm
Phone: 575-627-4900
Fax: 575-627-4950
North Main Office, Roswell
2211 N. Main
Lobby Hours: M-F 9am-5:30pm
Saturday: 9am - 1pm
Drive Thru Hours: M-F 8am-6pm
Saturday: 9am-1pm
Phone: 575-627-3000
Fax: 575-627-3050
The Lending Center, Alamogordo
3300 N. White Sands Blvd.575-434-8500
Office Hours: M-F 9:00 a.m. to 6:00 p.m.
FAX: 575-434-8541 or 575-443-7090
Call Center
Phone Center Hours: M-F 8:00 a.m. to 6:00 p.m.
Saturday: 9:00 a.m. to 1:00 p.m.
Phone: 575-434-8500
FAX: 575-434-8524