Security Service
Is This Your Business?3.7
3.7
Author: Kaitlyn Short
In 1956, Security Service Federal Credit Union opened its doors with eight members and $25 in deposits. The credit union was founded as a not-for-profit, member-owned financial cooperative to serve the fiscal needs of the members of the U.S. Air Force Security Service Command and their families. Since those humble beginnings, the credit union has expanded to include not only military members but a large and diverse number of members from companies, organizations and geographic areas throughout the southwestern United States in its field of membership. Security Service is the eighth largest credit union in the country, serving more than 700,000 members worldwide. There are now more than 2,600 ways to qualify for membership. They're headquartered in San Antonio, the credit union has 37 locations in Texas, 19 in Colorado and 14 in Utah. The credit union’s newest market is Utah, with locations in Salt Lake City, Provo, Riverton, Sandy, South Jordan, St. George, Orem, Pleasant Grove, Springville, American Fork, and Payson.
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The Good
- Accounts
- Memberships
Accounts
From the checking account you use every day to CDs and savings for that rainy day, you want your cash to work to your advantage. Whether you need to access your money on a daily basis or are looking for a longer-term investment, their deposit accounts are easy to open and convenient to manage with free online banking. They have a variety of accounts available and the basic checking account starts with an APY of .27%, this is a good thing compared to other companies that don't offer dividends on their basic accounts. The accounts they currently offer are:- Checking Overview
- Security Service Power Checking (slightly increased interest rates based on Where you live)
- Security Service Power Youth Checking
- Basic Savings Account
- Youth Savings Account
- Club Savings Account
- Money Market Account ( Interest rates based on location)
- Traditional CD
- Future Builder CD
Membership
Since Security Service Federal Credit Union Expanded, they have made it even easier for people to join and become members. If you live, work, worship, attend school, or your business is located in select areas of Texas (San Antonio, Austin, El Paso, Rio Grande Valley, Corpus Christi), Colorado (Denver, Colorado Springs, Pueblo, Fort Collins, Loveland, Boulder, Broomfield), or Utah (Salt Lake and Utah counties) you can become a member just like that. They also have options available for those that are members of select military branches/units or a Department of Defense employee at specific military bases within our service areas, or if you're a family or household member of an existing member.The Bad
- Credit cards
Credit Cards
There isn't much to go on that is really bad for Security Service Federal Credit Union. The only thing that might not be appealing is the lack of options for credit cards; they only offer three kinds with only a few reward options available. If you are looking for more money back per transaction or more points this might not be the best card choice for you. Also, the App for Apple devices doesn't have very good ratings, but the Android app does very well, and that is just being picky.The Bottom Line
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