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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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