Security Service Federal Credit Union

Security Service Federal Credit Union Locations

16211 La Cantera Pkwy
San Antonio, TX 78256
210-476-4484
www.ssfcu.org

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Security Service Federal Credit Union is headquartered in San Antonio and is the largest credit union in the state of Texas. It is also the 8^th largest credit union in the nation. It was established in 1956 and as of September of 2011, it had grown to 1,387 employees and 865,115 members. Security Service Federal Credit Union has a 4-star health rating.

$150 Checking Account Bonus at Security Service FCU in Utah - Local Only - 1/3/2012

In the last year Security Service Federal Credit Union (SSFCU) has entered the Utah market from its acquisition of Beehive Credit Union and Family First FCU, both of which were liquidated by the NCUA. ...

Rates Changing At Security Services FCU (Forum) - 6/30/2011

I use Security Services FCU in San Antonio. Some of their CD's have been the highest in the nation, or at least in Texas. I have been told that their existing rates change at close of business today. No news yet on the new rates, but I'm

Review Of A CD Which Has One Of The Highest Rates In The Nation (Forum) - 6/6/2011

In this May post I reviewed Security Services FCU and its very competitive CD rates. The highest is its 7-year CD which has a 3.50% APY for a $100K minimum. Allan Roth just wrote about his experience with this credit union and why he thinks this CD is suc

Survey of the Best Local CD Rates in San Jose, Denver, New York and Other Cities - 5/13/2011

The CD rates continued to hold up well. There were just a couple of rate cuts since last week . The largest rate cut was in California. Premier Community Credit Union reduced its 5-year CD rate from 3 ...

2011

2010

2008

11/28 - 15-Month CD with Yields from 4.15% to 4.30% at Security Service FCU in TX and CO

2007

12/2 - 5.40% 36-Month / 5.35% 24-Month CD at a TX/CO Credit Union (Security Service).

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See Rates for: Checking | Savings | Money Market | CD | IRA

Security Service Federal Credit Union Checking Account Rates

Apy	Min	Max	Product
0.05%^†	-	-	Gold Checking
0.05%^†	-	-	Youth Checking w/Interest

Security Service Federal Credit Union Savings Account Rates

Apy	Min	Max	Product
0.45%^†	-	-	Variable Rate IRA Savings
0.45%^†	-	-	Variable Rate Roth IRA Savings
0.45%^†	-	-	Variable Rate CESA Savings
0.10%^†	-	-	Savings Account
0.10%^†	-	-	Youth Savings Account
0.10%^†	-	-	Club Account

Security Service Federal Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.45%^†	$25k	-	MoneyFund Account

Security Service Federal Credit Union CD Rates

Apy	Min	Max	Product
2.85%^†	$100k	-	7 Year CD
2.40%^†	$100k	-	5 Year CD
1.70%^†	$100k	-	3 Year CD
1.30%^†	$100k	-	2 Year CD
1.10%^†	$100k	-	1 Year CD
0.80%^†	$100k	-	1 Year Future Builder CD
0.65%^†	$100k	-	6 Month CD
0.40%^†	$100k	-	3 Month CD

Security Service Federal Credit Union IRA Rates

Apy	Min	Max	Product
2.85%^†	$100k	-	7 Year IRA
2.85%^†	$100k	-	7 Year Roth IRA
2.85%^†	$100k	-	7 Year CESA
2.40%^†	$100k	-	5 Year IRA
2.40%^†	$100k	-	5 Year Roth IRA
2.40%^†	$100k	-	5 Year CESA
1.70%^†	$100k	-	3 Year IRA
1.70%^†	$100k	-	3 Year Roth IRA
1.70%^†	$100k	-	3 Year CESA
1.30%^†	$100k	-	2 Year IRA
1.30%^†	$100k	-	2 year Roth IRA
1.30%^†	$100k	-	2 Year CESA
1.10%^†	$100k	-	1 Year IRA
1.10%^†	$100k	-	1 Year Roth IRA
1.10%^†	$100k	-	1 Year CESA
0.80%^†	$100k	-	1 Year Future Builder IRA
0.80%^†	$100k	-	1 Year Future Builder Roth IRA
0.80%^†	$100k	-	1 Year Future Builder CESA
0.65%^†	$100k	-	6 Month IRA
0.65%^†	$100k	-	6 Month Roth IRA
0.65%^†	$100k	-	6 Month CESA
0.40%^†	$100k	-	3 Month IRA
0.40%^†	$100k	-	3 Month Roth IRA
0.40%^†	$100k	-	3 Month CESA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

SECURITY SERVICE
NCUA #	11065
BankRate Report	View
Year Established	1956
Employees	1387
Primary Regulator
Assets and Liabilities
Assets	$6.54 billion
Loans	$5.85 billion
Deposits	$5.68 billion
Equity Capital	$513.51 million
Loan Loss Allowance	$80.78 million
Unbacked Noncurrent Loans	$51.60 million
Real Estate Owned	$16.36 million
Historic Data - September 2010
Assets	$5.95 billion
Equity Capital	$470.23 million
Loan Loss Allowance	$70.39 million
Unbacked Noncurrent Loans	$64.45 million
Real Estate Owned	$10.06 million
Profit Margin - Quarterly
Net Interest Margin	2.59%
Return on Assets	0.53%
Return on Equity	6.77%
Interest Income	$214.63 million
Non-Interest Income	$62.99 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Security Service Federal Credit Union had $67.96 million in non-current loans and owned real-estate with $594.29 million in equity and loan loss allowances on hand to cover it. This gives Security Service Federal Credit Union a Texas Ratio of 11.44% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Security Service Federal Credit Union decreased slightly from 13.78% as of September 30, 2010 to 11.44% as of September 30, 2011, resulting in a positive change of 17.03%.This indicates that the balance sheet and financial strength for Security Service Federal Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, Security Service Federal Credit Union has increased its total deposits by $710.22 million, resulting in 14.28% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Security Service Federal Credit Union has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Security Service Federal Credit Union has $6.54 billion in assets with $594.29 million in equity, resulting in a capitalization level of 9.09%, which is average.