Security Service Federal Credit Union

Company type	Credit union
Industry	Financial services
Founded	1956
Headquarters	15000 IH 10 West, San Antonio, Texas 78249 United States
Number of locations	66 Locations 36 in Texas; 17 in Colorado; 13 in Utah
Area served	Texas, Colorado and Utah
Key people	Jim Laffoon (President) Leo M. Cutliff (Chairman)
Services	Savings; Checking; Consumer Loans; Mortgages; Credit cards; Investments; Investments;Title and Insurance
Number of employees	Nearly 1,800

Security Service Federal Credit Union (SSFCU) is a credit union headquartered in San Antonio, Texas, federally chartered and federally insured by the National Credit Union Administration (NCUA) (excluding its insurance subsidiary). With more than $10.5 billion in assets, Security Service serves more than 800,000 members, and operates 66 locations throughout Texas, Colorado and Utah. Security Service is the largest credit union in San Antonio, Texas, and is among the largest credit unions in the United States. The credit union provides access to more than 5,000 credit union locations nationwide through the CU Service Centers shared branching network.

History

Established in 1956 as the United States Air Force Security Service Federal Credit Union, the credit union first opened its doors at Kelly Air Force Base in San Antonio, Texas, with just eight members and $25 in deposits. In 1968, the board of directors voted to shorten the credit union’s name to Security Service Federal Credit Union.

Security Service Federal Credit Union was founded as a not-for-profit, member-owned financial cooperative to serve the fiscal needs of the members and families of the U.S. Air Force Security Service Command. The credit union has since expanded its charter to include more than 2,600 ways to qualify for membership. Headquartered in San Antonio, Texas, Security Service offers a full suite of traditional financial products and services.

Corporate headquarters

Security Service Federal Credit Union opened its first corporate headquarters in San Antonio at Hwy 90. Headquarters were then moved in 2001 to a new 128,000 sq. ft. facility located on La Cantera Parkway in San Antonio. Due to continued growth and expansion, Security Service relocated its corporate offices to a new campus located at 15000 IH-10 West in San Antonio, which houses more than 700 employees and offers operations and amenities buildings.

Mergers and acquisitions

Initiated by other credit unions and the National Credit Union Administration (NCUA), mergers and acquisitions have assisted in the expansion of the Security Service Federal Credit Union field of membership. These mergers are also responsible for the credit union’s entry into the Colorado and Utah markets. A merger with the Fort Carson Federal Credit Union in 1980 brought Security Service to Colorado Springs, Colorado. In December 2010, the NCUA approved the credit union’s offer to assume Salt Lake City's Beehive Credit Union's assets, making its first presence in the cities of Salt Lake City, Provo, Riverton, Sandy, South Jordan and St. George, Utah. Since 1974, Security Service has merged and acquired 21 credit unions located in Texas, Colorado and Utah.

Membership

Security Service Federal Credit Union offers more than 2,600 ways to qualify for membership. Through various fields of membership, individuals who live, work, worship, attend school, volunteer, or have a business located in Texas, Colorado or Utah may qualify for membership. Individuals living in other states may qualify for membership through approved Texas and Colorado consumer councils. Additionally, a family or household member of an existing member may also qualify for membership.

Products and services

Security Service Federal Credit Union offers financial service, support and products to its members. Products and services that are offered include online and mobile banking, checking and savings accounts, consumer loans, mortgage loans, credit cards, investments, insurance and title services. Other services include shared banking and nationwide ATMs.