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 |
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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 |
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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 |
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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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