Security Service Federal Credit Union · San Antonio, TX United States
Company Description
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This link will open in a new window Security Service Federal Credit Union (SSFCU) works to keep its members' cash secure. Through more than 30 branches in the San Antonio area and South Texas, plus about 15 more in Colorado, SSFCU provides such financial services as checking and savings accounts, CDs, credit cards, insurance and investment products, residential mortgages, and business and consumer loans. The not-for-profit, member-owned credit union was founded in 1956 to serve the US Air Force Security Service Command and today has more than 675,000 members. It is the largest credit union in San Antonio, not to mention one of the largest in the US. To read the full description, subscribe now.
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Key Security Service Federal Credit Union Financials
| Company Type | Private - Not-for-Profit Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $0.0 |
| Employees | 1,078 |
Security Service Federal Credit Union Executives
8 executives listed for Security Service Federal Credit Union's San Antonio, TX location.
| Title | Name & Bio | Contact |
| Chairman | Bob Egger | Network |
| President and CEO | David Reynolds | Network |
| EVP and COO | Jim Laffoon | Network |
Competition
Competitive Landscape for Security Service Federal Credit Union
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Security Service Federal Credit Union Competitors
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