Security Service Federal Credit Union: Accounts & Membership

Security Service Federal Credit Union Overview

Security Service Federal Credit Union was founded in 1956 as United States Air Force Security Service Federal Credit Union at Kelly Air Force Base in San Antonio. Created to serve members and families of the U.S. Air Force Security Service Command, the member-owned credit union adopted its current name in 1968 and has grown into a multistate financial institution headquartered in San Antonio, Texas, with operations in Utah, Texas, and Colorado. This profile covers its Utah presence, membership requirements, accounts, credit cards, loans, mortgages,  and business services.

Expansion

Security Service Federal Credit Union entered Utah in 2010 after the National Credit Union Administration closed Salt Lake City-based Beehive Credit Union and transferred its assets, liabilities, and members to Security Service. The credit union expanded its Utah presence again in 2011, when it purchased and assumed the assets, liabilities, and members of Family First Federal Credit Union in Orem following its liquidation.

Since those transactions, Security Service has expanded its Utah network to 13 branches across Davis, Salt Lake, Utah, Washington, and Weber counties. Most are located along the Wasatch Front, with an additional branch in St. George. Members also have access to more than 5,000 participating shared branches nationwide and nearly 30,000 CO-OP ATMs.

Security Service Federal Credit Union Products and Services

ssfcu.org | Products & Services

Security Service Federal Credit Union offers a variety of financial products and services for individuals, families, and businesses, including:

• Checking and savings accounts
• Money market accounts, certificates, and individual retirement accounts
• Consumer and business credit cards
• Personal, auto, student, motorcycle, boat, and recreational vehicle loans
• Mortgages, mortgage refinancing, home equity loans, and home equity lines of credit
• Business checking, savings, credit, lending, and cash-management services
• Investment and financial-planning services through Security Service Investment Group
• Personal and business insurance services through Security Service Insurance
• Title insurance and settlement services through Security Service Title Company

Security Service Federal Credit Union Checking Accounts

Security Service Federal Credit Union offers a standard checking account, an account with additional protection and service benefits, and a checking account for teenagers. Checking customers receive online and mobile banking access, debit-card options, and access to fee-free ATMs. Eligible accounts can also use Zelle.

Free Checking

Free Checking, identified as Power Checking in the account disclosures, is the credit union’s standard checking account with no ongoing balance requirement.

• Monthly fee: $0
• Minimum opening deposit: $25
• Minimum balance: $0
• Key details: Early direct deposit, Zelle, and access to approximately 30,000 fee-free ATMs

Power Protected Checking

Power Protected Checking adds health, mobile-phone, and roadside-assistance benefits to the features available with Free Checking.

• Monthly fee: $9
• Minimum opening deposit: $25
• Minimum balance: $0
• Key details: Telehealth with a $0 copay, mobile-phone protection, and roadside assistance; registration or activation may be required

Youth Checking

Youth Checking is designed to help teenagers learn how to manage spending and everyday banking.

• Age requirement: 13–17
• Monthly fee: $0
• Minimum opening deposit: $25
• Minimum balance: $0

Savings Accounts at Security Service Federal Credit Union

Security Service Federal Credit Union offers standard savings, goal-based savings, youth savings, money market accounts, and retirement savings options. Checking, savings, money market, and certificate accounts are federally insured by the National Credit Union Administration for up to $250,000 per account owner, per federally insured credit union, for each ownership category.

Basic Savings Account

The Basic Savings Account establishes membership with Security Service and requires a $5 opening deposit that must remain in the account. The balance can also serve as overdraft protection for an eligible checking account.

Money Market Accounts

Security Service offers the standard Money Market, Money Market Plus, and Money Market Max accounts. The standard account provides check and electronic-transfer access, Money Market Plus has a $0 monthly fee and a lower opening requirement than Money Market Max, and Money Market Max is designed for members maintaining larger balances.

Club Savings Account

The Club Savings Account is intended for planned expenses such as vacations, holidays, or year-end taxes and requires $5 to open. Funds automatically transfer to the member’s Basic Savings Account on October 31 and become available on November 1; an earlier withdrawal closes the account and forfeits that month’s dividends.

Youth Savings Account

The Youth Savings Account is available to qualifying members younger than 18 and requires $5 to open. A parent or other adult joint owner has access to the account, which can establish the child’s credit union membership.

IRA and Education Savings Options

Security Service provides individual retirement and education savings accounts, including Traditional IRA services and options for transferring, contributing to, withdrawing from, or converting eligible retirement funds. Tax treatment, contribution limits, and withdrawal requirements depend on the account and the member’s circumstances.

Share Certificates at Security Service Federal Credit Union

Security Service calls its certificate accounts Share Certificates, the credit union equivalent of certificates of deposit (CDs). These accounts provide a fixed dividend rate for a selected term, although access to funds and the ability to make additional deposits depend on the certificate type.

Traditional Certificate

The Traditional Certificate offers fixed terms ranging from 3 months to 7 years and requires at least $500 to open. Additional deposits are not permitted after opening, and withdrawing funds before maturity may result in a penalty based on the certificate term.

Future Builder Certificate

The Future Builder Certificate is a 12-month certificate that requires at least $250 to open. Members may make additional deposits and withdraw up to 50% of the certificate balance per day without a penalty, provided at least $250 remains in the account.

Fixed-Rate IRA Certificate

The Fixed-Rate IRA Certificate combines a Share Certificate with a Traditional or Roth IRA and requires at least $500 to open. Terms range from 3 months to 7 years, and early withdrawals may be subject to certificate penalties and applicable IRA tax rules.

Credit Cards at Security Service Federal Credit Union

ssfcu.org | Credit Cards

Security Service Federal Credit Union offers four consumer Mastercard credit cards: a lower-interest card, a travel rewards card, a cash-back card, and an everyday points card. All four have a $0 annual fee and support contactless payments, digital wallets, real-time transaction alerts, and card management through the Security Service mobile app.

Power Credit Card

The Power Credit Card is designed for members who prioritize a lower-interest card and a balance-transfer introductory offer rather than purchase rewards.

Best for members who want to transfer an existing credit card balance or carry a balance without earning rewards.

• Annual fee: $0
• Bonus: None stated
• Intro offer: 0% APR for 12 months on balance transfers completed within 90 days of opening the account; a balance-transfer fee applies
• Rewards: None
• Other perks: None stated beyond the shared card-management features

Power Travel Rewards Credit Card

The Power Travel Rewards Credit Card earns additional points on gas, travel, and dining purchases and provides a base rewards rate on other purchases.

Best for members who spend regularly on travel, dining, and gas.

• Annual fee: $0
• Bonus: 20,000 points after spending $1,200 within 90 days of opening the account
• Intro offer: 0% APR for the first 6 billing cycles on purchases, balance transfers, and cash advances
• Rewards: 3 points per $1 spent on gas, travel, and dining; 1 point per $1 spent on other eligible purchases
• Other perks: $0 foreign transaction fee, points that do not expire, and redemption options including airfare, gift cards, and merchandise

Power Cash Back Credit Card

The Power Cash Back Credit Card provides the same cash-back rate on eligible purchases without requiring members to track spending categories.

Best for members who want straightforward cash back on everyday purchases.

• Annual fee: $0
• Bonus: $100 cash back after spending $500 within 90 days of opening the account
• Intro offer: None stated
• Rewards: Unlimited 1.5% cash back on eligible purchases
• Other perks: Cash back can be deposited into a Security Service checking or savings account or applied to the card balance as a statement credit

Power Rewards Credit Card

The Power Rewards Credit Card earns points at the same rate across eligible purchase categories.

Best for members who prefer points that can be redeemed for travel, gift cards, or merchandise.

• Annual fee: $0
• Bonus: None stated
• Intro offer: None stated
• Rewards: 1 point per $1 spent on eligible purchases
• Other perks: Points can be redeemed for airfare, gift cards, electronics, and other merchandise; points expire 3 years after they are earned

Loans

Security Service Federal Credit Union offers unsecured and savings-secured personal loans, revolving credit, vehicle financing, and student loans. Loan availability and terms depend on membership, credit approval, and the type of financing.

• Signature Loans — Unsecured personal loans for unexpected bills, home repairs, and other expenses. Members can borrow from $250 to $50,000, depending on creditworthiness, with terms of up to 66 months.
• Share Secured Loans — Personal loans secured by funds in a Security Service savings account. Members may borrow up to 100% of the available savings balance and choose monthly payments or a single-payment structure.
• Primeline — A revolving personal line of credit with a variable rate. Funds can be accessed online, by phone, by check, at a branch, or through a Security Service ATM, and the line can be connected to an account for overdraft protection.
• Debt Consolidation Loans — Unsecured personal loans that combine qualifying debts into one fixed monthly payment.
• Auto Loans — Financing and refinancing for new and pre-owned cars, with flexible repayment terms and optional vehicle-protection products.
• Other Vehicle Loans — Financing for RVs, boats, motorcycles, scooters, dirt bikes, ATVs, personal watercraft, and snowmobiles purchased from a dealership or private seller.
• Student Loans — Private education loans for undergraduate, career-training, graduate, MBA, medical, dental, health-professions, and law students are available through Security Service’s partnership with Sallie Mae. Sallie Mae Bank, rather than Security Service, makes these loans.

Mortgages

Security Service Federal Credit Union provides home-purchase, refinancing, construction, land, and home-equity financing for qualifying properties in Utah. Available products include:

• Fixed-Rate Mortgages — Power Rate and Power Mortgage options with fixed terms of 10, 15, 20, or 30 years.
• Adjustable-Rate Mortgages — Options with an initial fixed-rate period followed by scheduled adjustments, including 10/1 and 15/15 structures.
• FHA Loans — Government-backed purchase loans with down payments starting at 3.5% for qualifying borrowers. Mortgage insurance requirements apply.
• VA and Military Strong Home Loans — Purchase financing for qualifying veterans and active or retired military members, including options with up to 100% financing.
• Jumbo Mortgages — Fixed-rate and adjustable-rate financing for home purchases that exceed standard conforming loan limits.
• Specialty Home Loan Programs — Financing options for qualifying licensed professionals and frontline workers, including doctors, dentists, veterinarians, attorneys, CPAs, police officers, firefighters, paramedics, nurses, teachers, and other eligible professionals.
• Mortgage Refinancing — Rate-and-term refinancing may help members change their payment or repayment period, while cash-out refinancing provides access to available home equity.
• Lot and Land Loans — Fixed-rate financing with terms of up to 15 years for purchasing eligible residential lots or land.
• Construction Loans — One-time-close financing that funds eligible construction expenses and converts into a fixed-rate mortgage after construction.
• Home Improvement Loans — Fixed-rate loans for permanent improvements completed by a contractor or builder, with repayment terms ranging from 5 to 20 years.
• Home Equity Loans — Fixed-rate, lump-sum loans that allow homeowners to borrow against available equity for improvements, bills, or other eligible expenses.
• Home Equity Lines of Credit — Revolving, variable-rate credit lines that allow homeowners to withdraw funds as needed. Security Service offers standard and interest-only payment options.

Business Checking at Security Service Federal Credit Union

ssfcu.org | Business Banking

Security Service Federal Credit Union offers three business checking accounts for companies and organizations with different transaction volumes and service needs. All three accounts provide access to Zelle for eligible payments to customers and vendors.

Premium Business Checking

Premium Business Checking combines transaction capacity with services such as data-breach support, legal assistance, mobile-phone coverage, identity-theft recovery, and telehealth access.

• Monthly fee: $20; reduced to $0 with an average daily balance of at least $50,000
• Included transactions: Up to 250 items per statement period
• Key details: Earns dividends when the daily balance reaches $1,500 and includes additional business-protection and employee services

Classic Business Checking

Classic Business Checking is a basic account for businesses and organizations with limited monthly transaction activity.

• Monthly fee: $10
• Minimum balance: $0
• Key details: Includes up to 50 items per statement period, a business debit card, online banking, and online bill pay

Not-For-Profit Business Checking

Not-For-Profit Business Checking provides basic checking services for qualifying nonprofit organizations.

• Monthly fee: $5; reduced to $0 with an average daily balance of at least $25
• Minimum balance: $25
• Key details: Includes up to 10 items per statement period, a business debit card, and online bill pay

Security Service also offers business savings, Business Money Market Plus, business certificates, business credit cards, and online banking. Lending services include SBA loans, business vehicle financing, commercial lines of credit, equipment financing, commercial real estate loans, and construction loans. Additional business services include payroll processing and merchant card processing through third-party providers.

Who Can Join Security Service Federal Credit Union?

You can become a member of Security Service Federal Credit Union if you meet at least 1 of the eligibility options below:

• Geographic eligibility: You live, work, worship, attend school, or volunteer in Utah, Texas, or Colorado, or your business is located in one of those states. This means living in Utah is an eligible path to membership, even if your county does not have a Security Service branch.
• Military and Department of Defense eligibility: You belong to an eligible military branch or unit or work for the Department of Defense at a qualifying military installation within Security Service’s service areas.
• Family eligibility: Your spouse, child, sibling, parent, grandparent, or grandchild is an existing Security Service member. Step and adoptive relationships are also eligible.
• Household eligibility: You share a residence and maintain a single economic unit with an existing member.
• Existing borrowers: If you already have a loan through Security Service, you are already considered a member.

Membership requires opening and maintaining a Basic Savings Account or eligible Youth Savings Account with a $5 balance. Before applying, use Security Service’s official membership eligibility page or contact the credit union to confirm that you qualify.

Conclusion

Security Service Federal Credit Union was founded in 1956 as United States Air Force Security Service Credit Union to serve members of the U.S. Air Force Security Service. Headquartered in San Antonio, the credit union now operates in Texas, Colorado, and Utah. It entered Utah in 2010 after assuming the assets, liabilities, and members of Beehive Credit Union and expanded again in 2011 through the purchase and assumption of Family First Federal Credit Union in Orem. Security Service currently operates 13 Utah branches across five counties.

Members can choose from consumer checking and savings accounts, youth accounts, money market accounts, Share Certificates, four consumer credit cards, personal and vehicle loans, student loans offered through Sallie Mae, mortgages, home equity products, and business banking services. Membership is available to people who live, work, worship, attend school, or volunteer in Utah, as well as through qualifying military, Department of Defense, family, household, and business connections. Establishing membership requires maintaining a $5 balance in a Basic Savings Account or eligible Youth Savings Account.

Related Credit Unions

Utah residents comparing Security Service Federal Credit Union may also want to explore these smaller, branch-based credit unions:

Disclaimer:
This page is not affiliated with, maintained by, or sponsored by Security Service Federal Credit Union. The information provided in this overview may be outdated or inaccurate after the publication date. UtahFi does not assume responsibility for the accuracy of the content. The logo is a registered trademark of Security Service Federal Credit Union.