Dec, 31, 2022 — SECURITY SERVICE FEDERAL CREDIT UNION is a federal credit union headquartered in SAN ANTONIO, TX with 68 branch locations and about $12.64 billion in total assets. Opened 67 years ago in 1956, SECURITY SERVICE FEDERAL CREDIT UNION has about 804,569 members and employs 1,984 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) | 16211 La Cantera Pkwy SAN ANTONIO, TX 78256-2421 |
| Phone: | (800) 527-7328 |
| Fax: | (210) 444-3000 |
| Website: | https://www.ssfcu.org |
| Branches: | 68 branch locations |
| Members: | 804,569 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $12,642,186,869 |
| CEO/Manager: | James D Laffoon |
| Chairperson: | Leo Cutcliff |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,749,851,010 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 6,156,975 |
| Real Estate Loans | 5,366,366,459 |
| Unsecured Loans | 631,558,776 |
| Other Loans | 4,014,745,169 |
| TOTAL LOANS | 10,014,326,362 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -81,528,241 |
| Land And Building | 258,451,672 |
| Other Fixed Assets | 42,589,228 |
| NCUSIF Deposit | 81,749,836 |
| All Other Assets | 2,175,791 |
| TOTAL ASSETS | 12,642,186,869 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,508,977 |
| Notes & Interest Payable | 1,500,000,000 |
| Accounts Payable & Other Liabilities | 83,236,281 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,588,007,785 |
| Regular shares | 2,778,136,134 |
| All Other Shares & Deposits | 4,388,201,466 |
| TOTAL SHARES & DEPOSITS | 9,754,345,385 |
| TOTAL LIABILITIES | 11,340,090,643 |
| Regular Reserve | 0 |
| Other Reserves | -10,294,575 |
| Undivided Earnings | 1,312,390,801 |
| TOTAL EQUITY | 1,302,096,226 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,642,186,869 |
| INCOME & EXPENSE | |
| Loan Income | 267,438,010 |
| Investment Income | 19,110,052 |
| Other Income | 52,298,629 |
| Total Employee Compensation & Benefits | 153,791,200 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 115,308,084 |
| Non-operating Income & (Expense) | 793,432 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -27,500,000 |
| Cost of Funds | 49,960,545 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 155,131,729 |
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