Security Service Federal Credit Union Review
Written by
Edited by
The Bankrate promise
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for .
At a glance
Overview
Security Service Federal Credit Union (SSFCU) is best for those looking to open a free or an interest-bearing checking account and who live or have certain affiliations in Colorado, Texas or Utah, or have a connection to a military base where the credit union operates.
Highlights:
Low Min DepositHighlights:
CDs
Checking
Savings
MMA
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
These are sponsored offers rated highly by us for competitive rates, fees, and minimums.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.6/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 4.2/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Overall
Security Service Federal Credit Union’s many deposit account offerings include a free checking account as well as an interest-bearing one that comes with built-in identity theft protection. The credit union also offers several share certificate terms that earn yields above national averages. However, the other savings and money market accounts are mediocre in terms of APYs. Minimum deposit requirements are low or nonexistent for most accounts.
Pros
-
SSFCU offers both free and interest-bearing checking accounts.
-
Most accounts have low or no minimum balance requirements.
-
Members have access to 30,000 fee-free ATMs and 5,000 shared branches.
Cons
-
Better rates can be found for savings, share certificates and money market accounts elsewhere.
-
Membership is limited to those who live or have certain affiliations in Colorado, Texas or Utah or who have a connection to select military bases.
-
SSFCU charges an above-average overdraft fee.
Security Service Federal Credit Union banking products
Security Service Federal Credit Union savings overview
Pros
-
Only $5 is needed to open a savings account.
-
There’s no monthly service fee.
-
Members can make unlimited ATM withdrawals.
Cons
-
The APY is just average.
Security Service Federal Credit Union CD overview
Pros
-
Many term options are available.
-
Only $250 is required to open a one-year certificate, though at least $500 is needed for most terms.
-
Members get rewarded with a better APY both for opening a longer term and for depositing a higher balance.
Cons
-
Higher rates can be found elsewhere.
Security Service Federal Credit Union money market overview
Pros
-
The account includes check-writing privileges.
Cons
-
There’s a $10 monthly fee for balances below $1,000 on the Money Market account.
-
The account doesn’t come with a debit or ATM card.
-
Much higher APYs on money market accounts can be found at other financial institutions.
Security Service Federal Credit Union checking overview
Pros
-
The Power Checking account charges no minimum opening deposit and doesn’t charge service fees if you enroll in e-statements.
-
Account holders have access to more than 30,000 fee-free ATMs nationwide.
-
The debit card can be personalized with a photo.
-
The Power Protected checking account earns some interest, and it comes with identity theft protection.
Cons
-
The Power Checking account charges a monthly fee to those who choose paper statements.
-
Both checking accounts charge fees after 12 months of inactivity and an account balance of less than $50, as well as a fee if the accounts are closed within 90 days of being opened.
Bank fees
| Fee | Charged? |
|---|---|
| Overdraft fee | $32.50 |
| Non-sufficient funds fee | $32.50 |
| Monthly maintenance fees | $0 - $9 |
| Out-of-network ATM fee | $1.50 |
| Excessive transaction fee | $10 |
Customer experience
Members can connect with Security Service Federal Credit Union through its secure online messaging system, over the phone or by making an in-branch appointment. Its customer service hours are 7 a.m. to 10 p.m. CT on weekdays and 9 a.m. to 6 p.m. CT on Saturdays.
Members can take free online courses (called “playlists”) on various financial topics, from preventing overdrafts to preparing for retirement.
Digital experience
SSFCU’s mobile app allows members to deposit checks, receive account activity alerts and schedule appointments with customer service. The app receives just-OK reviews on Google Play and subpar reviews on the Apple app store.
We want to know what you think about Security Service Federal Credit Union
Do you have experience with SSFCU? Let us know your thoughts.
Review methodology
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.
Thank you for sharing your experience with Bankrate
