Dec, 31, 2023 — SECURITY SERVICE FEDERAL CREDIT UNION is a federal credit union headquartered in SAN ANTONIO, TX with 69 branch locations and about $13.36 billion in total assets. Opened 68 years ago in 1956, SECURITY SERVICE FEDERAL CREDIT UNION has about 775,158 members and employs 2,047 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SECURITY SERVICE FEDERAL CREDIT UNION |
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Address: (Main Office) | 16211 La Cantera Pkwy SAN ANTONIO, TX 78256-2668 |
Phone: | (800) 527-7328 |
Fax: | (210) 444-3000 |
Website: | https://www.ssfcu.org |
Branches: | 69 branch locations |
Members: | 775,158 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11065 |
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Membership Type: | Multiple common bond - Primarily military |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $13,355,993,370 |
CEO/Manager: | James D Laffoon |
Chairperson: | Leo Cutcliff |
ASSETS: | $ Amount |
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Cash & Equivalents | 825,618,315 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 4,757,255 |
Real Estate Loans | 6,673,230,201 |
Unsecured Loans | 629,635,003 |
Other Loans | 4,178,878,752 |
TOTAL LOANS | 11,482,417,159 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -108,708,738 |
Land And Building | 266,873,490 |
Other Fixed Assets | 42,663,063 |
NCUSIF Deposit | 91,228,434 |
All Other Assets | 3,395,221 |
TOTAL ASSETS | 13,355,993,370 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 8,720,942 |
Notes & Interest Payable | 1,780,000,000 |
Accounts Payable & Other Liabilities | 103,755,691 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,134,808,077 |
Regular shares | 2,288,120,464 |
All Other Shares & Deposits | 5,649,179,722 |
TOTAL SHARES & DEPOSITS | 10,072,108,262 |
TOTAL LIABILITIES | 11,964,584,895 |
Regular Reserve | 0 |
Other Reserves | -9,920,793 |
Undivided Earnings | 1,401,329,268 |
TOTAL EQUITY | 1,391,408,475 |
TOTAL LIABILITIES, SHARES, & EQUITY | 13,355,993,370 |
INCOME & EXPENSE | |
Loan Income | 493,145,801 |
Investment Income | 74,728,998 |
Other Income | 74,842,442 |
Total Employee Compensation & Benefits | 230,280,096 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 168,143,587 |
Non-operating Income & (Expense) | -1,185,575 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,175,000 |
Cost of Funds | 205,224,236 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 104,768,115 |
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