Dedicated to Deposits: Deals, Data, and Discussion

Competitive CD Rates at Security Service FCU in TX, CO & UT - Local Only


Security Service Federal Credit Union

Security Service Federal Credit Union continues to offer several competitive CD and IRA CD rates. Its 18-month CD rate has fallen since my February post, but it has remained competitive. The following is a few of the top CD rates as listed in the credit union's rate sheet as of 4/21/2011:

  • 3.50% APY 7-year CD, $100K min
  • 3.00% APY 5-year CD, $100K min
  • 2.20% APY 3-year CD, $100K min
  • 1.50% APY 18-month CD, $100K min

Rates are slightly lower for smaller deposits. For a $500 minimum deposit, the rates are 15 basis points lower than the rates listed above. These rates are available for both CDs and IRA CDs.

For more details about these CDs including information on early withdrawal penalties, please refer to my January SSFCU post.

Utah CD Rates

Security Service FCU has recently acquired Utah credit unions that have been liquidated by the NCUA. Family First Federal Credit Union of Orem was acquired in February and Beehive Credit Union of Salt Lake City was acquired in December. Both of these credit unions are still running their original websites as divisions of SSFCU. Unfortunately, their CD rates are lower than what SSFCU lists for Colorado and Texas. However, both are offering two decent CD rates: 2.85% APY for 5 years and 1.25% APY for 18 months. These are listed in the Beehive rates page and in the First Family rates page as of 4/21/2011. One advantage of First Family is that the long-term CDs only have an early withdrawal penalty of 90 days of interest.


If you live in Utah, you can join SSFCU's Beehive Credit Union if you live in Salt Lake or Utah County. More details are listed in Beehive FOM page. For SSFCU's First Family Credit Union, you can join if you live, work, worship or attend school in Utah County. More details are listed in Family First FOM page.

Outside of Utah, SSFCU membership is pretty much limited to parts of Texas and Colorado.

Credit union membership is open to those who live, work or worship in Central Texas counties of Atascosa, Medina, Uvalde or South Bexar in addition to other areas. In South Texas the eligible counties include Aransas, Cameron, Hidalgo, Nueces and San Patricio. In Colorado the eligible counties include El Paso, Pueblo and Denver.

There are several groups which can also qualify you for membership including the UT at San Antonio Alumni Association and the FiftyPlus Club.

Please refer to the credit union's membership page for the full details. Membership requires a $5 minimum deposit into a share savings account.

Branch Locations

You can view all of the Texas, Colorado and Utah branches in our map of Security Service Federal Credit Union branches. Some of the major cities include San Antonio, El Paso and Brownsville, Texas; Denver and Colorado Springs, Colorado; and Salt Lake City and Provo, Utah.

Credit Union Overview

The credit union has an overall health score at of 3 stars (out of 5) with a Texas Ratio of 15.13% (average) based on December 2010 data. Please refer to our financial overview of Security Service Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 11065).

Best CD Rates in Texas and Nationwide

For those in Texas, another San Antonio based credit union that offers similar competitive long-term CD rates is Randolph-Brooks Credit Union. The rates have haven't changed much since my December review. One advantage of Randolph is that many Texas residents in Austin can qualify.

SSFCU's long-term CD rates are very competitive compared to what's available nationwide. For example, as of 4/21/2011 the highest 7-year CD rate is 3.00% APY at Apple Federal Credit Union. You can get 3.40% APY at Navy Federal Credit Union but membership is primarily limited to those connected to the military.

For the best nationally available 5-year CDs, Connexus Credit Union is offering a 3.00% APY for a 5-year term. This requires an active checking account. The second best is still Melrose Credit Union which is offering a 2.93% APY 5-year CD.

To search for the best nationwide rates and the best rates in your state, please refer to the following tables at

  Tags: Security Service Federal Credit Union, Colorado, CD rates, IRA rates, Texas, Utah

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