Loco Credit Union Alamogordo NM | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to Loco Credit Union, your trusted financial partner located at 808 Washington Ave, Alamogordo, NM 88310. Established in 1953, we have proudly served our community for decades, fostering a sense of belonging among our 4,607 members. With a commitment to providing exceptional service and support, we are here to help you achieve your financial goals. At Loco Credit Union, we understand that every member has unique needs. That's why we offer a wide range of financial services including personal banking, auto loans, mortgage options, and credit cards with rewards. Our total assets amount to an impressive $62,348,281, reflecting our strong foundation and ability to serve you well. We also manage over $3,317,866 in deposits, ensuring that your funds are secure and accessible. Our leadership team is dedicated to creating a welcoming environment where you can feel confident in your financial decisions. Under the guidance of CEO Deanna Schlensig and Board President Gerald Wheeler, we strive to make your experience with us as pleasant as possible. While you can visit us at our branch location for all your banking needs, please note that official correspondence should be sent to our mailing address: P.O. Box 1743, Alamogordo, NM 88311. Our friendly staff is available to assist you Monday through Friday during lobby hours from 9:00 a.m. to 5:00 p.m., and drive-thru services are open from 8:00 a.m. to 6:00 p.m., providing flexibility for your busy schedule. With 14 dedicated employees, we pride ourselves on personalized service that truly puts members first. Whether you're looking for a new loan or want to discuss savings options, we're just a phone call away at 575-437-3110. Join us today at Loco Credit Union and discover how we can help you thrive financially! For more information about our services or to open an account online, visit us at Loco Credit Union.

Branch History & Mission

A Journey Through Time

Loco Credit Union was founded with a clear mission: to provide accessible financial services that improve the lives of our members and enhance the well-being of our community. Over the years, we have evolved significantly, adapting to the changing needs of our members while maintaining our commitment to exceptional service. Today, we proudly manage total assets of ${total_assets}, allowing us to offer a wide range of services including personal banking, auto loans, mortgage refinancing, and business banking solutions. Our branch is located at 808 Washington Ave in Alamogordo, NM an easily accessible spot near local landmarks that many know well. While members can visit us at this address, official correspondence should be sent to P.O. Box 1743, Alamogordo, NM 88311.

Community Connections

Community outreach is at the heart of what we do. We actively seek partnerships with local organizations to create programs that benefit those in need. Whether it's through financial literacy workshops or supporting local events, Loco Credit Union strives to be a positive force in Alamogordo. With operating hours designed for your convenience lobby hours from 9:00 a.m. to 5:00 p.m., Monday through Friday we also offer drive-thru services for quick transactions during extended hours. As you explore your options for joining Loco Credit Union, we invite you to take the first step toward becoming part of a family that truly cares about your financial future. Discover how membership can open doors to better banking experiences tailored just for you. Join us today and let Loco Credit Union help you achieve your financial goals! For more information or assistance, feel free to contact us at 575-437-3110 or visit our website at lococreditunion.com. Together, let's build a brighter future!

Our Mission

At Loco Credit Union, our mission goes beyond just providing financial products; it's about creating lasting relationships within our community. We believe in empowering our members through education and resources that enable them to make informed financial decisions. By focusing on personal service and community support, we aim to foster financial wellness for everyone who walks through our doors. We understand that technology plays an important role in today's banking experience. That's why we've made significant advancements in digital banking options like online and mobile banking services. These tools make managing finances easier and more convenient for all members while ensuring ADA compliance for accessibility.

Branch Location & Accessibility

Call Us Anytime!

Have questions or need assistance? Don't hesitate to reach out! You can give us a call at 575-437-3110. We look forward to welcoming you at Loco Credit Union soon!

Convenient Access and Parking

At Loco Credit Union, we prioritize your convenience. You'll find ample parking right outside our doors, ensuring that your visit is as stress-free as possible. Our facility is designed with accessibility in mind, featuring ramps and ADA-compliant entrances so everyone can enjoy our services without barriers.

Operating Hours Designed for You

We understand that life can be busy, which is why our lobby hours are set to accommodate your schedule. Visit us Monday through Thursday from 8:00 a.m. to 6:00 p.m., and on Fridays from 9:00 a.m. to 5:00 p.m. If you prefer the drive-thru option, we're ready to assist you during those same hours!

Services Tailored for Your Needs

While you're here, take advantage of a variety of services tailored to meet your personal and business banking needs. From checking and savings accounts to auto loans and credit cards with rewards, Loco Credit Union has something for everyone. Although we don't have ATM services at this location, our friendly staff is always available to help you with cash withdrawal requests through the drive-thru. If you need to send official correspondence, please use our mailing address at P.O. Box 1743, Alamogordo, NM 88311.

Member Eligibility

At Loco, we believe that everyone deserves a chance to be part of a supportive financial community. Becoming a member is as easy as meeting a few simple criteria. If you live, work, worship, or attend school in the Alamogordo area, you're already eligible! We welcome individuals and families who want to take advantage of our personalized services and friendly atmosphere. Membership at Loco not only gives you access to various financial products, but it also connects you with a community that truly cares about your financial well-being. Ready to get started? Opening an account with us is straightforward! You can find detailed eligibility information by visiting https://www.shareteccu.com/app/lococu/viewapp?id=2121 . If you have any questions or need assistance, don't hesitate to reach out at (575) 437-3110. Join us today at our branch located at 808 Washington Ave Alamogordo Nm 88310, and let's work together towards your financial goals!

Business Banking & Commercial Services

Merchant Services That Work for You

In addition to our loan options, we offer comprehensive merchant services designed to simplify transactions and enhance cash flow. Picture this: your customers can pay easily, whether they are using credit cards or mobile payments. This means faster sales and happier customers, which ultimately leads to better business growth. By choosing Loco, you're not just getting a bank; you're gaining a partner committed to helping your business succeed. Visit us at 808 Washington Ave Alamogordo Nm 88310 or call us at (575) 437-3110 to learn more about how we can support your journey.

Tailored Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs. While we currently have $0 in member commercial loans and $0 in non-member commercial loans, we are dedicated to developing flexible financing solutions for local businesses. Imagine having the resources to expand your operations or invest in new equipment without the hassle of navigating traditional lending processes. Whether you're looking for a loan to purchase inventory or fund a new project, our goal is to provide you with the financial backing you need.

Comprehensive List Of Services

Business Banking

For entrepreneurs and business owners, Loco offers specialized business banking services including merchant services and business loans. We know how important it is for businesses to thrive, and we're here to support your growth every step of the way.

Digital Banking Features

In today's fast-paced world, convenience is key. Our online and mobile banking platforms allow you to manage your finances anytime, anywhere. Need to transfer money? You can do that with just a few taps on your phone. Our person-to-person payment feature makes sending money to friends or family quick and easy.

Drive-Thru Services

For those who prefer face-to-face interaction without leaving their vehicles, our drive-thru service provides basic banking functionalities like deposits, withdrawals, and simple transactions. This option offers the perfect blend of convenience and personal service. At Loco, we strive to ensure that all members have access to quality financial products and services in a friendly atmosphere. With an array of offerings from personal banking solutions to business support, we're committed to helping you navigate your financial journey with confidence. To learn more about how we can assist you further, visit us online at Loco Credit Union or stop by our branch today! Your financial success starts here!

Loans and Credit Solutions

Life can throw unexpected expenses your way, which is where our personal loans and debt consolidation options come into play. We aim to ease your financial burden so you can focus on what matters most. Additionally, our credit cards come with rewards that make everyday purchases more rewarding. Whether it's groceries or gas, you earn while you spend!

Personal Banking

Whether you're opening your first checking account or saving for a big purchase, our personal banking services are designed with you in mind. We offer both checking and savings accounts tailored to fit your lifestyle and goals. If you're thinking about buying a new car, our auto loans and vehicle financing options provide competitive rates to get you on the road quickly. And if home ownership is in your sights, our mortgage loans and refinancing services make the process smooth and straightforward.

Digital & Online Banking

Convenient Access Anytime

With our 24/7 online banking services, you can easily access your accounts whenever it suits you. Whether you're at home or on the go, logging in is simple through our website at https://www.lococreditunion.com/ . You can check balances, view transactions, and manage payments all in one place.

Mobile Banking on the Go

For those who prefer banking from their smartphones, our mobile application makes it even easier to stay connected with your finances. Our app is user-friendly and provides features like mobile payments, allowing you to make purchases quickly and securely. Plus, if you need to send money to friends or family, our person-to-person transfer feature has got you covered.

Security You Can Trust

We prioritize your security by implementing robust measures to protect your personal information. While we currently do not offer electronic signature authorization, our other features ensure that your banking experience remains safe and reliable. At Loco, we're committed to providing accessible and efficient online banking solutions that empower you to take control of your financial journey. Experience the ease of managing your accounts from anywhere today!

Stay Informed with E-Statements

Say goodbye to paper clutter! With e-statements available at Loco, you can opt for electronic statements that are not only more environmentally friendly but also help you keep track of your financial activity effortlessly.

Financial Strength

Commitment to Growth

With $8,693,336 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our capacity to lend is evident with $1,380 in used auto loans and $27,550,570 in total loans and leases, supporting your financial goals across various sectors.

Growing Membership Base

With a total of 7,026 share and deposit accounts, we showcase a strong and growing member base that trusts us with their finances. This growth reinforces our ability to provide you with exceptional service tailored to your needs. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Loco is your trusted partner. Visit us at 808 Washington Ave Alamogordo Nm 88310 or call (575) 437-3110 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings Options

Members' savings are secured through $15,529,920 in share certificates, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our $-219,677 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 14 full-time employees and 0 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Strong Financial Position

With a net worth of $8,999,234, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,431 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $20,095,605 in used vehicle loans and $2,213,771 in new vehicle loans already helping members get on the road. Whether you need financing for a reliable used vehicle or a brand-new model, Loco has you covered.

Credit Lines

For those who prefer flexibility in their borrowing options, we provide credit lines totaling $5,000,000. This product is ideal for managing cash flow or funding projects without the need for a fixed loan amount.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Properties loans totaling $8,806, making it easier for you to invest in your future home.

Refinancing Options

If you're considering refinancing existing loans or exploring eligibility options, our team is here to guide you through the process. We believe that everyone deserves access to affordable financing solutions tailored to their specific circumstances. For more information about our loan offerings or assistance with your application process, please reach out to us at 575-437-3110 or visit us at our branch located at 808 Washington Ave Alamogordo NM 88310. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Take control of your financial future with Loco's loan products today!

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $614,479 in loans helping members manage their finances effectively. These credit cards provide an easy way to cover unexpected expenses while offering rewards that can benefit you further.

Loan Aggregator

Benefits of Using LendMesh

- Verified Data: Loan offers are sourced from legitimate financial institutions, ensuring transparency. - No Sponsored Listings: LendMesh does not prioritize lenders based on paid promotions our goal is to provide unbiased results. - Real-Time Rate Comparisons: Up-to-date loan rates from multiple institutions empower users to make informed choices quickly. Thousands of users trust LendMesh for their loan comparisons. One satisfied member shared, "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" This highlights how effective the platform can be in securing better financial options for its users. Compare real-time loan offers today at LendMesh and find the best rates for your needs. Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.

How LendMesh Ensures Accurate Loan Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov ). This ensures that users receive fair and transparent offers tailored to their needs. Each loan listing is updated regularly to reflect the most current rates available.

LOCO CREDIT UNION