Security Service Federal Credit Union Review
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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
Customer Experience
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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 = 4.5/5
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 = 4.6/5
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.
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
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SSFCU offers both free and interest-bearing checking accounts.
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Most accounts have low or no minimum balance requirements.
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Members have access to 30,000 fee-free ATMs and 5,000 shared branches.
Cons
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Better rates can be found for savings, share certificates and money market accounts elsewhere.
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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.
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SSFCU charges an above-average overdraft fee.
Security Service Federal Credit Union banking products
Security Service Federal Credit Union savings overview
Pros
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Only $5 is needed to open a savings account.
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There’s no monthly service fee.
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Members can make unlimited ATM withdrawals.
Cons
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Low APY.
Security Service Federal Credit Union CD overview
Pros
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Many term options are available.
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Only $250 is required to open a one-year certificate, though at least $500 is needed for most terms.
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Members get rewarded with a better APY both for opening a longer term and for depositing a higher balance.
Cons
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Higher rates can be found elsewhere.
Security Service Federal Credit Union money market overview
Pros
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The account includes check-writing privileges.
Cons
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There’s a $10 monthly fee for balances below $1,000 on the Money Market account.
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The account doesn’t come with a debit or ATM card.
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Much higher APYs on money market accounts can be found at other financial institutions.
Security Service Federal Credit Union checking overview
Pros
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No monthly service fee.
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Access to more than 30,000 fee-free ATMs nationwide.
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Debit card can be personalized with a photo.
Cons
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Charges a fee after 12 months of inactivity and an account balance of less than $50.
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Fee if the account is closed within 90 days of being opened.
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.
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