SSFCU launches no annual fee, high rewards power products

Security Services Federal Credit UnionSecurity Service Federal Credit Union (SSFCU) introduced a new credit card with an ultra-low variable APR of 6.49% and no annual fees Tuesday. It’s one of the credit union’s new Power products, which include a new checking account solution and two additional credit cards that feature rewards of up to three points for every $1 spent on gas, travel and dining; no annual or cash advance fees; and some of the lowest APRs in the market for rewards cards.

“We spent a great deal of time re-designing our new products around the feedback we received from our members,” said Jim Laffoon, president and chief executive officer of SSFCU. “They told us they wanted lower fees and better rewards. We delivered.”

In addition to 6.49% low APR card, SSFCU launched a reward card with no annual, balance transfer or cash advance fees; one point for every dollar spent and a low APR (starting at 12.75%). A second reward card is a high-end travelers card offering three points for every dollar spent on gas, travel and dining; one point per dollar on any other purchases; an additional annual points bonus of 10 percent on points earned; no annual, cash advance or balance transfer fees, 0% APR for the first six months and points bonuses for opening the account and using it. “It’s one of the strongest travel reward cards on the market right now,” added Laffoon.

With the new Power Checking and Power Youth Checking accounts, members can choose to get ten cents cash back on every debit card swipe or rewards points for signature-based transactions. The accounts feature no hidden fees, no minimum balance and an interest rate that grows with deposits. If members also hold a rewards-based credit card and they choose reward points on their checking account, SSFCU will automatically combine debit and credit card points, helping members rack up rewards even faster.

In an effort to combat fraud and increase security sooner rather than later, all newly-issued SSFCU Power credit cards will be EMV chip equipped starting in October 2014, with EMV-chipped Power debit cards rolled out in 2015.

“We wanted to offer our members in Texas, Colorado and Utah the choice of highly competitive financial products,” said Laffoon. “These new no annual fee options are great for members who are actively looking to lower costs and build rewards.” Earlier this year, SSFCU also rolled out a new Power Mortgage with no closing costs up to $5,000, no origination fee and low interest rates on both home purchases and refinances

Individuals must qualify for membership, but there are more than 2,600 different ways to join SSFCU. For more information, and for details on ways to qualify for membership, visit www.ssfcu.org or call 1-800-52-SSFCU.

Membership eligibility required. “Swipes” do not include ATM transactions, returns, any checks that access your account, or overdraft advances. The term “interest” refers to dividends. Security Service Power Checking is a Blended Rate Tier account, which means the dividend rate will only be paid on the portion of your daily balance within each Balance Tier. Rate is variable and may change after the account is opened. For complete rate and tier information, visit ssfcu.org. Visit a branch or ssfcu.org for details. Federally insured by NCUA.

APR = Annual Percentage Rate. Other rates may apply based on credit worthiness.
Power Travel Rewards Credit Card subject to credit approval and income requirements. Receive 10% annual point bonus on the points earned in one year with the Power Travel Rewards Credit Card. Annual bonus is calculated on anniversary date of account enrollment and credited to the account within 30 days. Annual bonus does not apply to transferred points, combined points from a Power Checking account, or rollover points from previous year. Please refer to the Security Service Federal Credit Union Rewards Program agreement for complete details. Introductory 2,500 bonus points offer applies when $500 is spent on card within the first 90 days of account opening. Upon meeting this requirement, bonus points will be automatically deposited into your account. The introductory 0% APR is only available on transactions performed within the fi rst 6 months of the account being opened. The 6-month 0% APR period for each category (i.e. purchases, balance transfers, and cash advances) begins on the date of the first transaction for that category and continues until the end of the 6th billing cycle of the fi rst transaction for that category. Restrictions apply. Please refer to the Credit Card Rate Agreement for current balance transfer rates and complete details.

Power Mortgage offer does not cover mortgage insurance, seller paid closing costs, discount points, or pre-paids & reserves. The program is not valid for FHA or VA loans. If loan is closed or paid off within first 36 months of the term, member may be required to reimburse all or some of the closing costs paid by Security Service. Financing available for properties in Texas, Colorado, or Utah only.

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. Headquartered in San Antonio, Texas, Security Service is an industry-leading financial institution with $7.9 billion in assets and 70 locations in Texas, Colorado and Utah. The credit union is among the top 10 credit unions in the nation. Security Service strives to be America’s best credit union and provides the true benefits of credit union membership with financial services of the highest quality and value. Learn more at www.ssfcu.org or call 1-800-52-SSFCU.

 

Security Service FCU named San Antonio’s Healthiest Employer

Security Services Federal Credit UnionSecurity Service Federal Credit Union (SSFCU) has been named the healthiest employer in San Antonio by the San Antonio Business Journal. The credit union topped the list for large employers in the annual survey that showcases those employers who proactively shape the health and wellness of their employees.

This year’s awards event took place at the Historic Pearl Development in downtown San Antonio and included a one-mile fitness walk and a health fair.

SABJ Healthiest 2014Back Row: SSFCU Executive Vice President and Chief Communications Officer John Worthington; SSFCU Employee Wellbeing Advisor Karyn Draeger; SSFCU Senior Vice President of Performance & Planning Tom Martin; SSFCU Assistant Vice President of Human Resources Gerry Smith; and SSFCU Benefits and Compensation Manager Amanda Kassler Front Row: SSFCU Vice President of Consumer Lending Michelle Scott; SSFCU Benefits Specialist Flori Espinosa; SSFCU Assistant Vice President of Benefits & Compensation Anne Hoeffner

“We believe when employees feel their workplace has a strong culture of health, they are happier, less stressed and more likely to improve their well-being,” says Jim Laffoon president and chief executive officer of SSFCU. “That benefits them, their families, the workplace and our members.”

Conceived and promoted by Laffoon to help employees and their families achieve a good life-work balance and strong financial footing, the credit union earlier this year rolled out its Total Wellbeing program to its more than 1,700 employees. It offers employees and their families an individualized comprehensive life balance program at no cost that takes into account their physical, emotional and financial health.  Benefits include tools, resources and rewards to help them achieve their physical goals; reduced rates and fees on select financial products; confidential advising for help navigating personal challenges; concierge services and legal and financial help.

In cities where SSFCU branches are located, employees are encouraged to participate in local community events, like the Blacklight Run in San Antonio, Dragon Boat Races in Denver and Iron Will Games in Salt Lake City. “We pay for our employees to participate in these events, many of which are fundraisers for nonprofits…it’s a win-win all the way around,” adds Laffoon.

The credit union also received accolades for it’s wellness program in Denver, coming in second place in the 2014 Metro Denver Healthiest Employers category for small companies. It is the third year the credit union has made the top five.

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. Headquartered in San Antonio, Texas, Security Service is an industry-leading financial institution with $8 billion in assets and 70 locations in Texas, Colorado and Utah. The credit union is among the top 10 credit unions in the nation. Security Service strives to be America’s best credit union and provides the true benefits of credit union membership with financial services of the highest quality and value. Learn more at www.ssfcu.org <http://www.ssfcu.org> or call 1-800-52-SSFCU.

 

Security Service Charitable Foundation donates $10,000 to Big Brothers Big Sisters of South Texas

Security Services Federal Credit UnionSecurity Service Charitable Foundation has presented Big Brothers Big Sisters of South Texas with a $10,000 donation that will be used to help build the South Texas Mentoring Resource Center. Currently, the mentoring organization serves close to 3,000 youth a year, providing support and guidance that at-risk youth lack at home, in school and in their community. With the new center, Big Brothers Big Sisters will be able to grow the program from serving 9,000 youth, parents and volunteers to nearly 100,000 individuals by the year 2030.

BBBSPhoto

(from left) Stephen Oakes, partnership development manager for Big Brothers Big Sisters of South Texas; Denise Barkhurst, president & CEO of Big Brothers Big Sisters of South Texas; Michelle Scott, vice president of consumer lending at Security Service Federal Credit Union; and Julio Manso, chairman of the board of Big Brothers Big Sisters of South Texas.

“The Big Brothers Big Sisters program has been shown to improve self confidence, self esteem, academic performance and attitude,” says Jim Laffoon, president & CEO of Security Service Federal Credit Union. “Youth in the program show strong relationships with their families, are prepared to make positive decisions and possess a strong sense of their future. It’s an honor to be a part of that.”

The Security Service Charitable Foundation helps further SSFCU’s corporate goal of community service by contributing to deserving organizations and causes in the credit union’s market areas. Learn more at www.ssfcu.org or call 1-800-52-SSFCU.

Media Contacts
Clarissa Rodriguez, 210-476-4490, crodriguez@ssfcu.org
Debi Pfitzenmaier, 210-669-6911, debi@pfitzpr.com (Agency)