Credit unions differ from banks in that they are member owned financial cooperatives, making depositing money into your share account part ownership and giving you eligibility for loans and other services from us. By keeping costs low for us to meet, this enables us to offer better rates and reduced fees – and better rates and fees for you!
Additionally, we provide you with a safe, secure, and convenient place for you to save your money. Your savings are federally insured up to $250,000 through the National Credit Union Share Insurance Fund administered by NCUA, and supported by the full faith and credit of the United States Government.
Credit unions are member-owned financial institutions run on not-for-profit principles by an elected board of directors and managed through membership voting on policies and direction of the institution. Furthermore, charitable and service programs created by credit unions aim to meet members’ long-term financial needs.
Security Service Credit Union recently unveiled its inaugural web-based online banking initiative for members, providing them access to electronic statements and more. They also established the Volunteer Corps program – an internal volunteer initiative for employees that supports local charities and nonprofit organizations within their local communities.
Security Service expanded into Utah through the acquisition of Beehive Credit Union located in Salt Lake City and subsequent launch of myBranch, a mobile app designed to let members manage all aspects of their accounts on-the-go. Furthermore, Beehive introduced Security Service Insurance – a full-service provider offering property and casualty coverage for homes, cars, ATVs, motorcycles and boats – through which members could manage all aspects of their accounts remotely from their phone.
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