Dedicated to Deposits: Deals, Data, and Discussion
Security Service Federal Credit Union2.50%$100k-7 Year CD
Security Service Federal Credit Union2.35%$100k-5 Year CD
Security Service Federal Credit Union1.35%$100k-3 Year CD
Security Service Federal Credit Union1.15%$100k-2 Year CD
Security Service Federal Credit Union0.80%$100k-1 Year CD
Accounts mentioned in this post. Rates as of July 23, 2014

Top CD Rates at Security Service FCU in TX, CO & UT


Security Service Federal Credit Union

Security Service Federal Credit Union continues to offer competitive CD and IRA CD rates. The highest rates require a $100,000 minimum deposit. The rates fall 5 basis points for each lower tier of $50,000, $25,000 and $500. The rates also vary by location. You can see the rates in your area by inputting your zip code in the credit union's rates page. For zip codes in the area of the credit union's headquarters (San Antonio), the following rates are listed for a $100K minimum deposit as of 7/3/2012:

  • 2.85% APY 7-year CD
  • 2.30% APY 5-year CD
  • 1.60% APY 3-year CD
  • 1.30% APY 2-year CD
  • 1.10% APY 1-year CD

The above rates were also listed for zip codes in the Texas cities of Austin, Dallas and Houston. They were also listed for zip codes outside of Texas including those in California, New York and Florida.

Unfortunately, lower rates are listed in the other two states where Security Service FCU has branches (Colorado and Utah). In Denver, the rates are the lowest with the top 7-year CD APY of 2.15%. Rates are higher in Colorado Springs with a 2.50% APY 7-year CD. In Utah, the 7-year CD APY is 2.60%.

Lower rates were also in some cities of Texas where Security Service FCU has branches. These include Corpus Christi with a 2.60% APY 7-year CD and Brownsville with a 2.65% APY 7-year CD. The one exception is El Paso. The credit union still has 3% CD rates here including a 3.15% APY 7-year CD and a 3.00% APY 5-year CD.

The early withdrawal penalty and other details about the CDs and IRA CDs are listed in the Truth-in-Savings Disclosure. According to this disclosure:

* If your account has an original maturity of more than one year, but less than five years:
We may impose a penalty of all dividends earned not to exceed 180 days with a minimum of 60 days dividends, whether earned or not.
* If your account has an original maturity of five years or more:
We may impose a penalty of all dividends earned not to exceed 360 days with a minimum of 90 days dividends, whether earned or not.

Unfortunately, the credit union appears to give itself the right to refuse an early withdrawal with the statement "You may not make withdrawals of principal from your account before maturity."


The fact that the credit union rates table shows rates for any zip code doesn't mean you can qualify for membership. Unlike other large credit unions, Security Service FCU doesn't appear to provide for an easy way in which everyone can qualify for membership.

According to the credit union's Ways to Join page, membership is primarily limited to areas of Texas, Colorado and Utah. Please refer to the Ways to Join page for the specific counties.

Becoming Eligible via Associations

The Texas page does list an association that can be joined to qualify for membership. It's the UTSA Alumni Association. However, it states that:

Only members of the UTSA Alumni Association in San Antonio. Associate members do not qualify.

Based on this UTSA Alumni page defines an associate member as follows:

Friends of the university who have not received course credit at UTSA may join the association as Associate Members.

If you haven't taken classes at UTSA, you can only be an associate member which doesn't make you eligible to join Security Service FCU.

The Colorado page also lists an association that can be joined to qualify for membership. It's the Consumer United Association, and the page states:

To join Consumer United Association individuals must have a permanent Colorado address.

That's good news for anyone who lives in Colorado, but it doesn't help anyone outside of Colorado.

For the Utah page, I can't see any easy-to-join association listed.

Credit Union Overview

Security Service Federal Credit Union branches are located in several Texas, Colorado and Utah cities. Some of the major cities include San Antonio, McAllen, El Paso, Denver, Colorado Springs, Fort Collins, Pueblo, Salt Lake City, Provo and St. George.

The credit union is a member of the CU Service Centers, a shared branch network. This lets members use branches of other credit unions in the network for many banking transactions. It's also part of the CO-OP Network ATMs which offers members many ATMs around the nation for surcharge-free withdrawals.

It's a large credit union with $6.7 billion in assets and over 1,400 employees. The credit union has an overall health score at of 4 stars (out of 5) and a Texas ratio of 9.70% (above average) based on March 2012 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).

How These CD Rates Compare

The highest 7-year CD rate that's available nationwide is 2.50% APY at Patelco Credit Union. The highest 5-year CD rate is 2.25% APY at Fort Knox Federal Credit Union (59 month CD). These rates are accurate as of 7/3/2012.

To search for nationwide CD rates and CD rates in your state, please refer to the best CD rates section of

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

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Comment #1 by TheShadow posted on
While cd rates are lower than SACU, they are higher than Randolph-Brooks FCU, Air Force FCU, River City FCU and others for short term cds.  Field of membership used to be open to family members even though the qualifying member didn't have to belong.  Signed up several years ago as family member was eligible to join, but didn't join, so I did.  Too bad they tightened their membership requirements.  Good to have credit union accounts in Texas area for the higher interest rate than in the northeast part of the country.  Rates in southern part of US seem to be better than most other areas.   

Comment #2 by Shorebreak posted on
It appears that the credit unions headquartered in the San Antonio, Texas that have more restrictive fields of membership reward those eligible to join with higher rates of interest on their share certificates and certificates of deposit. Some of the credit unions that I joined years ago were like that and it was a good policy at the time for we 'shareholders'. Now, in an effort to expand, many credit unions have virtually opened their membership to anyone, anywhere in the country. The result being lower deposit rates to counter the slight increase in risk of loan default.

Comment #3 by Bozo posted on
Not that it would work here, but hard-core CD types over at Bogleheads used to analyze the "marginal utility" of driving to Texas, going to a church (any church would do), signing a membership card, then opening a CD the following day under the "worship" qualification. It was calculated as a four-day trip from the Mid-West, and folks actually calculated gas, a couple of nights at Motel 6, and food, to see if it made sense.

Comment #6 by Anonymous posted on
#3........That's hilarious. I wonder what a person like the one you described would do in his spare time. Perhaps examine the nutritional content of cat food to determine whether it's suitable for human consumption?

Comment #5 by TheShadow posted on
I know someone that travels to examines different banks/financial institutions.  I suspect that someone in this career field, travelling to that area (town, city, county,etc...) for a couple of weeks to examine an institution could/would qualify as "working" in that area and could subsequently an account in various credit unions anywhere from Corpus Christi to El Paso to Dallas as long as the person "works" in that area.  They would have the best benefit of all.