Security Service Federal Credit Union Reaches $7 Billion in Assets

Security Services Federal Credit UnionSecurity Service Federal Credit Union (SSFCU) officials today announced the credit union has reached $7 billion in assets. Headquartered in San Antonio, SSFCU officials attribute the credit union’s success to its conservative business principles, sound lending and controlled growth over the last several years, its quality service to members along with competitive products and services, and its convenient service delivery channels.

“Security Service is fortunate to be in such a positive position,” says Jim Laffoon, SSFCU president. “The trust and loyalty we have received from our members over the years and the service our employees provide them have played key roles in our credit union’s success.”

Security Service is the eighth largest credit union in the nation and is also the largest credit union in Texas, Colorado and Utah where it operates 70 locations.

Callahan & Associates, Inc. has named SSFCU for more than 10 consecutive years the number one indirect auto lender among credit unions in the nation.

“We plan tomove forward at full speed focusing on building new capabilities and addingproduct offerings that will be relevant to our current members and those that will become Security Service members,” adds Laffoon.  “We have a vision to become America’s best credit union – we are working toward that goal by becoming a little better everyday with a new attitude and a genuine desire to win.”

Laffoon assumed the role as president of Security Service in December of 2012.

He plans to move the credit union forward with goals to improve workforce advocacy, innovation, and competitiveness in the financial services industry.

Established in 1956 in San Antonio at Kelly Air Force Base with eight members and $25 in deposits, Security Service Federal Credit Union reached its first $1 billion in assets in 1995.

About Security Service Federal Credit Union
Security Service Federal Credit Union offers competitive, affordable financial products and services designed to meet the needs of its members. Security Service is an industry-leading financial institution, serving members in Texas, Colorado, Utah, and around the world. The credit union is among the top 10 credit unions in the nation and is the largest in San Antonio where it is headquartered. Security Service strives to be America’s best credit union and provides its members the true benefits of credit union membership with financial services of the highest quality and value. Learn more at or call 1-888-415-7878.