Mar, 31, 2021 — SECURITY SERVICE FEDERAL CREDIT UNION is a federal credit union headquartered in San Antonio, TX with 66 branch locations and about $10.24 billion in total assets. Opened 65 years ago in 1956, SECURITY SERVICE FEDERAL CREDIT UNION has about 817,182 members and employs 1,794 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 |
|---|---|
| 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: | 817,182 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11065 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $10,238,202,618 |
| CEO/Manager: | James D Laffoon |
| Chairperson: | Leo Cutcliff |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 987,891,167 |
| TOTAL INVESTMENTS | 191,858,682 |
| Loans Held for Sale | 53,341,546 |
| Real Estate Loans | 3,750,154,506 |
| Unsecured Loans | 732,000,166 |
| Other Loans | 4,089,026,443 |
| TOTAL LOANS | 8,572,297,906 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -156,012,701 |
| Land And Building | 246,622,934 |
| Other Fixed Assets | 47,739,212 |
| NCUSIF Deposit | 78,654,683 |
| All Other Assets | 215,809,189 |
| TOTAL ASSETS | 10,238,202,618 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,921,564 |
| Notes & Interest Payable | 250,248,000 |
| Accounts Payable & Other Liabilities | 57,590,551 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,361,367,346 |
| Regular shares | 2,550,070,847 |
| All Other Shares & Deposits | 3,990,359,713 |
| TOTAL SHARES & DEPOSITS | 8,901,797,906 |
| TOTAL LIABILITIES | 9,211,558,021 |
| Regular Reserve | 60,129,565 |
| Other Reserves | 690,255 |
| Undivided Earnings | 965,824,777 |
| TOTAL EQUITY | 1,026,644,597 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,238,202,618 |
| INCOME & EXPENSE | |
| Loan Income | 86,656,177 |
| Investment Income | 311,366 |
| Other Income | 14,787,509 |
| Total Employee Compensation & Benefits | 42,238,185 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 33,487,695 |
| Non-operating Income & (Expense) | 849,488 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,744,000 |
| Cost of Funds | 12,651,975 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 25,829,181 |
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