Dec, 31, 2020 — SECURITY SERVICE FEDERAL CREDIT UNION is a federal credit union headquartered in San Antonio, TX with 66 branch locations and about $9.83 billion in total assets. Opened 65 years ago in 1956, SECURITY SERVICE FEDERAL CREDIT UNION has about 803,514 members and employs 1,767 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) | PO Box 691510 San Antonio, TX 78269-1510 |
Phone: | (800) 527-7328 |
Fax: | (210) 444-3000 |
Website: | http://www.ssfcu.org |
Branches: | 66 branch locations |
Members: | 803,514 |
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, 2019 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $9,825,220,134 |
CEO/Manager: | James D Laffoon |
Chairperson: | Leo Cutcliff |
ASSETS: | $ Amount |
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Cash & Equivalents | 439,581,331 |
TOTAL INVESTMENTS | 138,115,715 |
Loans Held for Sale | 100,244,915 |
Real Estate Loans | 3,669,057,243 |
Unsecured Loans | 784,397,214 |
Other Loans | 4,255,090,988 |
TOTAL LOANS | 8,709,707,973 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -155,963,744 |
Land And Building | 247,494,556 |
Other Fixed Assets | 50,314,937 |
NCUSIF Deposit | 78,654,683 |
All Other Assets | 217,069,768 |
TOTAL ASSETS | 9,825,220,134 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,284,063 |
Notes & Interest Payable | 250,248,000 |
Accounts Payable & Other Liabilities | 62,688,141 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,138,634,358 |
Regular shares | 2,232,095,299 |
All Other Shares & Deposits | 4,138,245,459 |
TOTAL SHARES & DEPOSITS | 8,508,975,116 |
TOTAL LIABILITIES | 8,824,195,320 |
Regular Reserve | 60,129,565 |
Other Reserves | 899,653 |
Undivided Earnings | 939,995,596 |
TOTAL EQUITY | 1,001,024,814 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,825,220,134 |
INCOME & EXPENSE | |
Loan Income | 376,955,734 |
Investment Income | 3,216,342 |
Other Income | 163,367,474 |
Total Employee Compensation & Benefits | 156,620,274 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 143,028,468 |
Non-operating Income & (Expense) | 1,612,990 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 133,237,081 |
Cost of Funds | 91,285,491 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 20,981,226 |
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