Dec, 31, 2021 — SECURITY SERVICE FEDERAL CREDIT UNION is a federal credit union headquartered in SAN ANTONIO, TX with 68 branch locations and about $10.49 billion in total assets. Opened 66 years ago in 1956, SECURITY SERVICE FEDERAL CREDIT UNION has about 799,027 members and employs 1,897 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: | http://www.ssfcu.org |
Branches: | 68 branch locations |
Members: | 799,027 |
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, 2020 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $10,485,572,682 |
CEO/Manager: | James D Laffoon |
Chairperson: | Leo Cutcliff |
ASSETS: | $ Amount |
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Cash & Equivalents | 737,339,637 |
TOTAL INVESTMENTS | 178,628,927 |
Loans Held for Sale | 154,843,638 |
Real Estate Loans | 4,336,871,653 |
Unsecured Loans | 663,491,686 |
Other Loans | 3,941,699,257 |
TOTAL LOANS | 8,943,091,709 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -126,641,309 |
Land And Building | 247,736,430 |
Other Fixed Assets | 40,811,692 |
NCUSIF Deposit | 80,758,839 |
All Other Assets | 229,003,119 |
TOTAL ASSETS | 10,485,572,682 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,250,903 |
Notes & Interest Payable | 250,248,000 |
Accounts Payable & Other Liabilities | 79,696,730 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,650,003,448 |
Regular shares | 2,723,157,807 |
All Other Shares & Deposits | 3,624,018,772 |
TOTAL SHARES & DEPOSITS | 8,997,180,027 |
TOTAL LIABILITIES | 9,328,375,660 |
Regular Reserve | 60,129,565 |
Other Reserves | 243,354 |
Undivided Earnings | 1,096,824,103 |
TOTAL EQUITY | 1,157,197,022 |
TOTAL LIABILITIES, SHARES, & EQUITY | 10,485,572,682 |
INCOME & EXPENSE | |
Loan Income | 339,281,504 |
Investment Income | 4,508,529 |
Other Income | 64,565,280 |
Total Employee Compensation & Benefits | 175,977,415 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 143,498,690 |
Non-operating Income & (Expense) | 3,498,565 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,745,000 |
Cost of Funds | 44,045,545 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 156,828,507 |
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