Security Service Federal Credit Union
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| Credit union | |
| Industry | Financial services |
| Founded | 1956 |
| Headquarters | 16211 La Cantera Parkway, San Antonio, Texas United States |
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Number of locations
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70 (37 service centers in Texas; 19 in Colorado; 14 in Utah (2011) |
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Area served
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South Texas and El Paso, Limited areas in Colorado and Utah |
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Key people
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Col. James (Jim) O'Farrell (Ret.) (Chairman) Jim Laffoon(President) |
| Services | Savings; Checking; Consumer Loans; Mortgages; Credit cards; Investments |
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Number of employees
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1,675 full-time; 184 part-time |
| Subsidiaries |
SSFCU CUSO CU Direct Corporation CU Cooperative Systems CU Service Network of Colorado |
| Website | www.ssfcu.org |
Col. James (Jim) O'Farrell (Ret.) (Chairman)
Security Service Federal Credit Union (SSFCU) is a federally insured, federally chartered, $8 billion,natural person credit union with more than 925,000 members, operating from 70 service centers in the U.S. states of Texas, Colorado, and Utah. SSFCU is the largest credit union in San Antonio, Texas, 3rd largest in Colorado, and the 8th largest in the United States, with access to more than 5,000 credit union locations nationwide through CU Service Centers shared branching.
The routing number for Security Service Federal Credit Union is 314088637.
Security Service Federal Credit Union began in 1956 with eight members and $25 in deposits. This not-for-profit, member-owned financial institution was founded to serve the financial needs of the U.S. Air Force Security Service. The credit union charter has expanded to serve more than 925,000 members and more than 2,400 ways to join including several geographic locations.
Mergers, initiated by other credit unions, and some facilitated by the National Credit Union Administration, have helped expand the SSFCU field of membership and also responsible for the credit union entry into Colorado and Utah. A merger with the Fort Carson Federal Credit Union in 1980 brought Security Service to Colorado Springs and Pueblo, CO, with the merger of Mt. Carmel Credit Union in 1989. In 2004, SSFCU acquired Diakonia Credit Union in Denver, Colorado which added their presence in the Denver market. In 2007, Security Service acquired New Horizons Community Credit Union in Denver, Colorado, further expanding the Denver area with 4 new service centers, and Diocese of Corpus Christi Credit Union in Corpus Christi, Texas, establishing a service center in the Coastal Bend area of Texas. Also in 2007, SSFCU merged with Kilowatt Federal Credit Union in Harlingen, Texas, with 2 service centers in the Rio Grande Valley. In 2008, SSFCU merged with Horizon Credit Union in Portland, Texas (adding 3 additional Coastal bend locations) and Bexar County Teacher’s Federal Credit Union in San Antonio, Texas (their first location in Downtown San Antonio). 2009 brought the credit union with two more acquisitions, another credit union in the Denver area (Aurora Catholic Credit Union) and its first presence known in West Texas appropriately named West Texas Credit Union in El Paso, TX. During the late 2000s recession, SSFCU acquired the struggling Norbel Credit Union of Colorado and its 16,000 members in a liquidation process. The Norbel board of directors selected Security Service to be its acquirer judging it to be extremely well suited to serve its members. In December 2010, the NCUA approved Security Service's offer to assume Salt Lake City's Beehive Credit Union's assets, making its first presence in the cities of Salt Lake City, Provo, Riverton, Sandy, South Jordan and St. George, Utah. In February 2011, Security Service FCU also acquired Family First Federal Credit Union of Orem, Utah. In addition to Orem, Security Service added locations in Pleasant Grove, Springville, American Fork, Payson and Lindon, Utah to its network of service centers.
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Wikipedia