Security Service Federal Credit Union reaches $7 billion in loans

SAN ANTONIO, TX (October 9, 2013) — Security Service Federal Credit Union (SSFCU) has announced a new lending milestone – $7 billion in loans – with more than three-fourths of its portfolio in indirect lending.

Contributing to this success is SSFCU’s commitment to be first in service. “We have built strong relationships over the years with members, and those relationships have driven the way we do business,” said Jim Laffoon, SSFCU president. “We remain steadfast in our commitment to providing the finest service and transactional convenience for our members whether they are buying a car, starting a business or purchasing a home.”

Established in 1956 with just eight members and $25 in deposits, SSFCU approved its first loan five months after opening, reaching $20 million dollars in loans by 1966.  SSFCU is currently the number one auto lender and fifth largest mortgage lender in San Antonio and is ranked fifth nationally in dealer satisfaction by JD Power.

“We are humbled by our members’ continued loyalty and trust in Security Service over the years,” said Laffoon. “Without it, we would never have reached this milestone.”

SSFCU has 70 locations across Texas, Colorado and Utah.

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 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 or call 1-888-415-7878. 

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