Security Service Federal Credit Union

Security Service Federal Credit Union is a federally insured, state chartered, 5.2 billion dollar, 693,657 member, natural person, credit union operating from approximately 40 service centers in Texas and Colorado. Security Service is the largest credit union in San Antonio, Texas and the 9th largest in the United States.

History

Security Service Federal Credit Union began in 1956 with eight members and $25 in deposits. This not-for-profit, member-owned financial institution was founded to serve the financial needs of the U.S. Air Force Security Service Command. The credit union charter has expanded to serve more than 690,000 members and more than 1,000 ways to join including several geographic locations.

Mergers and acquisitions

Mergers, initiated by other credit unions, and some facilitated by the National Credit Union Administration, have helped expand the SSFCU field of membership and also responsible for the credit union entry into Colorado. A merger with the Fort Carson Federal Credit Union in 1980 brought Security Service to Colorado Springs and Pueblo, CO, with the merger of Mt. Carmel Credit Union in 1989. In 2004, SSFCU acquired Diakonia Credit Union in Denver, Colorado which added their presence in the Denver market. In 2007, Security Service acquired New Horizons Community Credit Union in Denver, Colorado, further expanding the Denver area with 4 new service centers, and Diocese of Corpus Christi Credit Union in Corpus Christi, Texas, establishing a service center in the Coastal Bend area of Texas. Also in 2007, SSFCU merged with Kilowatt Federal Credit Union in Harlingen, Texas, with 2 service centers in the Rio Grande Valley. In 2008, SSFCU merged with Horizon Credit Union in Portland, Texas (adding 3 additional Coastal bend locations) and Bexar County Teacher’s Federal Credit Union in San Antonio, Texas (their first location in the downtown area of San Antonio). 2009 brought the credit union with two more acquisitions, another credit union in the Denver area (Aurora Catholic Credit Union) and its first presence known in West Texas ironically called West Texas Credit Union in El Paso, TX. ^[3]

Membership

A wide range of military, government, schools, religious, and business organizations are SEGs. Additionally, persons who live, work, and worship in the following communities qualify:^[4]

Texas communities

• Atascosa County, Texas
• Boerne, Texas
• Cameron County, Texas
• Corpus Christi, Texas
• Hidalgo County, Texas
• Inside Loop 410
• Medina County, Texas
• South Bexar County, Texas
• Uvalde County, Texas

Colorado communities

• Southern El Paso County, Colorado
• Pueblo County, Colorado
• Denver County, Colorado
• Employees & contractors at Fort Carson, and various other SEGs

Family members of current members are also welcome to join.

Services

Security Service Federal Credit Union offers these services:

• Checking Accounts and related, including debit cards
• Savings Accounts
• Certificates of Deposit
• IRAs
• Consumer loans of all kinds
  • Lines of credit (LOC)
  • Credit cards
  • Auto loans: Car loans, motorcycle loans, etc.
  • Home equity loans and Home equity lines of credit
• Mortgages
• Federally Insured Student loans
• Direct Deposit
• Home banking

References

1. ^ Security Service Federal Credit Union (March 2007). "SSFCU Announces 2007-2008 Board of Directors". http://www.ssfcu.org/corporate/news/pressreleases.aspx. Retrieved 2008-02-04.
2. ^ ^{a b} "NCUA Form 5300 (Statement of Financial Condition)". National Credit Union Administration. September 2007. http://www.ncua.gov/cgi-bin/cudataexpanded.exe?Charter=11065&CFServer=reports.ncua.gov. Retrieved 2008.
3. ^ [1]
4. ^ Membership qualifications

External links

• Security Service Credit Union — official site
• Security Service Federal Credit Union statistics

Categories: United States financial services company stubs | Texas stubs | Companies based in San Antonio, Texas | Banks established in 1956 | Credit unions of Texas