Jun, 30, 2021 — SECURITY SERVICE FEDERAL CREDIT UNION is a federal credit union headquartered in San Antonio, TX with 68 branch locations and about $10.21 billion in total assets. Opened 65 years ago in 1956, SECURITY SERVICE FEDERAL CREDIT UNION has about 799,007 members and employs 1,859 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: | 68 branch locations |
| Members: | 799,007 |
| 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: | $10,210,204,452 |
| CEO/Manager: | James D Laffoon |
| Chairperson: | Leo Cutcliff |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 964,035,668 |
| TOTAL INVESTMENTS | 181,293,303 |
| Loans Held for Sale | 111,804,559 |
| Real Estate Loans | 3,860,754,633 |
| Unsecured Loans | 709,127,207 |
| Other Loans | 3,948,477,430 |
| TOTAL LOANS | 8,519,477,577 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -153,001,961 |
| Land And Building | 249,387,423 |
| Other Fixed Assets | 44,824,038 |
| NCUSIF Deposit | 77,529,234 |
| All Other Assets | 214,854,611 |
| TOTAL ASSETS | 10,210,204,452 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,557,611 |
| Notes & Interest Payable | 250,240,000 |
| Accounts Payable & Other Liabilities | 58,416,268 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,385,048,543 |
| Regular shares | 2,607,756,381 |
| All Other Shares & Deposits | 3,847,506,284 |
| TOTAL SHARES & DEPOSITS | 8,840,311,208 |
| TOTAL LIABILITIES | 9,150,525,087 |
| Regular Reserve | 60,129,565 |
| Other Reserves | 566,398 |
| Undivided Earnings | 998,983,402 |
| TOTAL EQUITY | 1,059,679,365 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,210,204,452 |
| INCOME & EXPENSE | |
| Loan Income | 170,722,581 |
| Investment Income | 1,016,757 |
| Other Income | 30,139,407 |
| Total Employee Compensation & Benefits | 84,933,532 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 68,904,860 |
| Non-operating Income & (Expense) | 2,811,961 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 18,651,000 |
| Cost of Funds | 24,176,131 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 58,987,806 |
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