About Us
Residents Of Otero County Can Now Join - Contact Credit
Union For More Information

On
July 15th, 2007 LOCO Credit Union became a community
chartered credit union,
and opened its’ field of membership to the residents of Otero County.
LOCO
Credit Union was organized and state chartered in January
1953 under the name of Otero County Schools Credit Union.
The credit union operated out of a small closet in an old
red brick building on Tenth Street. The credit union continued
to grow and was relocated to it’s current location
on Washington Avenue after moving from a vacated principal’s
office to a classroom at Mid High School, to an office at
First National Bank, and finally a small house on Tenth Street
next door to the Frosty. LOCO Credit Union was the first
financial institution in Alamogordo to go online in December
1981.
In the early fifties a small group of teachers got together
anddecided that they wanted to try to organize a financial
entityjust for teachers. The membership was open to school
employees inOtero County, employees of the credit union
and members of the immediate families. A teacher from Ruidoso
asked to join thecredit union so the by-laws were amended
to include the Lincoln County Schools into the field of membership
in 1965. Charles Southard named the credit union L. O. CO.
Credit Union. L.O.CO. stood for Lincoln Otero Counties. Over
the next several years the Board of Directors included eight
other counties that were not being served by a school credit
union. Today, LOCO Credit Union serves ten counties in the
state of New Mexico. For this reason, the periods were dropped
and the credit union was renamed LOCO Credit Union. |