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. SSFCU is now trying to attract new Utah members with a nice checking account promotion. New members can earn $150 by opening a Classic Checking account with direct deposit and paperless statements by January 15, 2012. This offer was advertised in the Daily Herald newspaper on 12/31/2011. The ad is available online here.
According to the offer's small print (which is hard to read), the new account must be opened at a Security Service location in Utah.
SSFCU Checking Account Review
The Classic Checking account is a free checking account with no minimum balance requirement and no monthly service fees. Details of its features can be reviewed in this SSFCU checking accounts page.
Another nice aspect of SSFCU is that it's 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. SSFCU is also part of the CO-OP Network ATMs which offers members many ATMs around the nation for surcharge-free withdrawals.
Credit union membership is open to all of those who live, work, worship or attend school in either Utah County or Salt Lake County. Credit union membership is also open to many people in Texas and Colorado. Please refer to the SSFCU membership page for the full details.
You can view all of the Texas, Colorado and Utah branches in our map of Security Service Federal Credit Union branches.
Credit Union Overview
SSFCU has a history of offering competitive long-term CD rates including 7-year, 5-year and 3-year terms. The best rates are its Jumbo CDs which require a $100K minimum deposit. Refer to our SSFCU deposit rates page for the latest rates. Please note that its rates do vary by state.
The credit union has an overall health score at DepositAccounts.com of 4 stars (out of 5) with a Texas Ratio of 11.44% (above average) based on September 2011 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).
Other Credit Union and Bank Bonuses
We have a new bank promotions page with a table of all of the active bank and credit union promotions. You can filter the table based on the type of promotion and based on your state. I have more details about how to use this page in this blog post.