Security Service FCU is a large, Texas-based credit that offers its members a wide range of personal and commercial products and services. It also provides home and consumer loans on the lending side of its business.
Its checking accounts range from standard and free, to interest bearing with requirements, to youth-focused accounts that come with a debit card and free checks. Security Service’s basic savings and money market accounts offer unlimited ATM transactions and have low minimum opening balance requirements. Its Club Savings account does not allow for withdrawal due to its higher rate of interest return. CDs and IRA CDs are also available in term lengths from 3 months to 7 years, and one CD account allows for penalty free withdrawals. DepositAccounts.com has recognized security Service in the past for its CD offerings. The credit union also provides access to investment and insurance products through its agents. On it business banking side, it offers many deposit accounts that are similar to its personal products. Security Service FCU also has a rewards program that gives incentives to members to both save and spend.
Security Service FCU online banking was the first credit union in the San Antonio area to implement the feature for its members. It has a network of Security Service ATMs and is also a member of the CO-OP ATM network. Its web-based banking platform provides members with the ability to perform account management functions like bill pay, paperless statements, fund transfers, and ordering checks.
Security Service FCU was chartered in 1956 and is headquartered in San Antonio, Texas. It was originally organized to serve the needs of members of the U.S. Air Force Security Service and has since expanded its membership after acquiring dozens of credit unions over the years. The credit union offers scholarship opportunities to local high school students as it seeks to provide a community-oriented atmosphere among its members.
Membership in Security Service Federal Credit Union is open to those who live, work, volunteer, worship, attend school, or own a business in Colorado, Texas, or Utah. Membership is also open to members of select military branches/units or a Department of Defense employee at specific military bases within the credit union's service areas. Immediate family and household members of current members are also eligible to join.
See current membership details
I love this Bank always reliable & trustworthy. Chris is always fast & helpful! As is the other employees no complaints.
I am updating a one star review. I had recently had a truly bad experience with a Call Center rep, but my local branch in Broomfield reached out to me and made it right, so I am upgrading my review to 4 stars, because they were not only responsive to my complaint, but are actively working to fix it so it doesn't happen again. I still knocked off one star for the hassle I experienced in dealing with the call center. I have had very good experiences with the Broomfield branch in the past, so that experience still holds, as far as the Branch is concerned.
My mother has been apart of the credit union for over twenty years, so when I turned 18, and got my first job I opened an account with them. Basically milked me dry with overdraft fees, and their customer service was absolutely awful to boot. I ended up eventually just canceling my account and taking my business to another bank.
Do not get auto loan with Security Service. Incompetency runs rampant.
Did not get my coupon book and had to call so they could mail my account number I. Spent time over the phone making payment and setting up auto payment. I was contacted that my payment was late and my credit score had been dinged 88 points. I never received a call to or email the automatic payment didn't go through.
. When I called to see if I could rectify the reporting to the credit bureaus they said there's nobody I can talk to and there's nothing I can do.
I tried two more times to set up automatic payment and it didn't go through.
Overall | |
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NCUA # | 11065 |
Year Chartered | 1956 |
Employees | 1850 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.51% |
Return on Equity - YTD | 13.55% |
Annual Interest Income | $343.8MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q4 2021vs Q4 2020 | $10.49B$9.83B |
Loans | Q4 2021vs Q4 2020 | $8.94B$8.71B |
Deposits | Q4 2021vs Q4 2020 | $9.00B$8.51B |
Equity Capital | Q4 2021vs Q4 2020 | $1.16B$1.00B |
Loan Loss Allowance | Q4 2021vs Q4 2020 | $126.6MM$156.0MM |
Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $47.6MM$68.8MM |
Real Estate Owned | Q4 2021vs Q4 2020 | $483.00K$92.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | - | - | Basic Savings Account | |
0.05% | $5 | - | Youth Savings Account | |
0.05% | $5 | - | Club Account | |
0.05% | - | - | Variable Rate IRA |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.25%* | $250k* | - | Money Market Account | ||
OTHER TIERS: 0.05% → $5 - $50k | 0.10% → $50k - $100k | 0.15% → $100k - $250k |