Security Service Federal Credit Union
| Company type | Federally chartered credit union |
|---|---|
| Industry | Financial services |
| Founded | 1956 |
| Headquarters | San Antonio , United States |
Area served | Texas, Colorado, Utah |
| Products | Online and mobile banking, checking and savings accounts, consumer loans, mortgage financing, credit cards, investment options, insurance products, title services |
Number of employees | 700+ |
Security Service Federal Credit Union (SSFCU) operates as a federally chartered credit union based in San Antonio, Texas, with insurance coverage provided by the NCUA (excluding its insurance subsidiary). Managing assets exceeding $14 billion, SSFCU supports a membership base of over 800,000 individuals through 70 branches located across Texas, Colorado, and Utah. It is also a participant in the CU Service Centers shared branching network.
History
Established in 1956 at Kelly Air Force Base under the name United States Air Force Security Service Federal Credit Union, it began with just eight members and $25 in deposits. The institution adopted the shorter name Security Service Federal Credit Union in 1968. Headquartered in San Antonio, SSFCU offers an extensive suite of financial products and services.
Corporate headquarters
The credit union’s original corporate office was situated on Highway 90 in San Antonio. In 2001, the headquarters relocated to a 128,000 square foot building on La Cantera Parkway. Due to ongoing expansion, SSFCU moved again to a larger campus at 15000 IH-10 West, San Antonio, which currently accommodates over 700 employees and features enhanced operational capabilities and amenities.
Mergers and acquisitions
Growth through mergers and acquisitions has been facilitated by other credit unions and the National Credit Union Administration (NCUA), broadening Security Service Federal Credit Union’s member base and geographic footprint. The merger with Fort Carson Federal Credit Union in 1980 marked its initial expansion into Colorado Springs, Colorado. In December 2010, the NCUA authorized SSFCU to acquire Beehive Credit Union’s assets, enabling access to critical Utah markets such as Salt Lake City, Provo, Riverton, Sandy, South Jordan, and St. George. Since 1974, Security Service has integrated or merged with 21 credit unions across Texas, Colorado, and Utah.
Membership
Eligibility for membership extends to those residing, working, worshiping, studying, volunteering, or conducting business within Texas, Colorado, or Utah. Individuals from other states may qualify through approved consumer councils in Texas and Colorado. Additionally, family members or those living in the same household as current members are eligible to join.
Products and services
Security Service Federal Credit Union offers a wide array of financial solutions including online and mobile banking platforms, checking and savings accounts, consumer loans, mortgage financing, credit cards, investment options, insurance products, and title services. Members also benefit from shared branching services and access to an extensive network of ATMs nationwide.