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Security Service Federal Credit Union Security Service Federal Credit Union Basic Savings Account is on our list of the best banks for the military. You may like it if you're looking for a large ATM and shared branch network, or for high interest rates on certificates.
Security Service Credit Union Overall Rating
| Feature | Insider rating (out of 5) |
| Savings | 3.5 |
| Checking | 3.75 |
| Certificate | 3.5 |
| Money market account | 3.5 |
| Trustworthiness | 5 |
| Total | 3.75 |
Security Service Credit Union Pros and Cons
| Pros | Cons |
|
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Security Service Federal Credit Union Basic Savings Account
no monthly service fee
0.05%
$5
- $5 minimum opening deposit
- No monthly service fees
- Low interest rate
- Join Security Service FCU if you are a member of select military branches at certain military bases; are an employee of the Department of Defense; live, work, worship, study, volunteer, or have a business in CO, TX, or UT; are related to someone who is already a Security Service FCU member
- 67 branches in CO, TX, and UT; 5,000 shared branches in the CO-OP network
- Over 30,000 free ATMs in the Security Service FCU, CO-OP, and Stripes networks
- Interest compounded daily, paid monthly
- Federally insured by the NCUA
The Security Service Federal Credit Union Basic Savings Account is an affordable option with a $5 minimum deposit and no monthly service fee. But you may want to open a high-yield savings account elsewhere to earn a better rate.
Security Service Power Checking Account
no monthly service fee
None
$0
- No monthly service fees
- No minimum opening deposit
- Overdraft protection available as a transfer from savings or as a line of credit
- $1.50 out-of-network ATM fee
- Doesn't reimburse fees charged by out-of-network ATM providers
- $2 overdraft transfer fee when you exceed 3 transfers per month
- Join Security Service FCU if you are a member of select military branches at certain military bases; are an employee of the Department of Defense; live, work, worship, study, volunteer, or have a business in CO, TX, or UT; are related to someone who is already a Security Service FCU member
- 67 branches in CO, TX, and UT; 5,000 shared branches in the CO-OP network
- Over 30,000 free ATMs in the Security Service FCU, CO-OP, and Stripes networks
- Federally insured by the NCUA
Security Service Federal Credit Union has several checking accounts. Security Service Power Checking Account has no monthly service fee, but keep an eye out for ATM and overdraft charges.
Security Service Federal Credit Union Certificate
1.40% to 4.25%
$500
- High interest rates
- $500 minimum deposit ($250 for 1-year Future Builder Certificate)
- Terms as long as 7 years
- Standard to high early withdrawal penalties
- Join Security Service FCU if you are a member of select military branches at certain military bases; are an employee of the Department of Defense; live, work, worship, study, volunteer, or have a business in CO, TX, or UT; are related to someone who is already a Security Service FCU member
- 67 branches in CO, TX, and UT; 5,000 shared branches in the CO-OP network
- Over 30,000 free ATMs in the Security Service FCU, CO-OP, and Stripes networks
- Terms range from 3 months to 7 years
- Early withdrawal penalties are the amount earned in dividends, up to 90 days dividends for terms of 1 year or less; up to 180 days dividends for terms of more than 1 year but less than 5 years; up to 360 days dividends for terms of 5 years or more
- Tiered interest rate system: Minimum $500 deposit, but earn more with a $25k or $50k deposit
- Minimum $250 deposit for a 1-year Future Builder Certificate, which lets you deposit more money during the term and withdraw money early without penalty
- Interest compounded daily, paid monthly
- Federally insured by the NCUA
The Security Service Federal Credit Union Certificate is probably the credit union's strongest product. It pays high interest rates and has terms as long as seven years, while most institutions' maximum term length is five years.
Security Service Federal Credit Union Money Market Account
$10 monthly service fee
0.05% to 0.50%
$1,000
- Includes paper checks
- Low interest rates, especially on lower balances
- $1,000 minimum opening deposit
- $10 monthly service fee
- No ATM or debit card
- Join Security Service FCU if you are a member of select military branches at certain military bases; are an employee of the Department of Defense; live, work, worship, study, volunteer, or have a business in CO, TX, or UT; are related to someone who is already a Security Service FCU member
- 67 branches in CO, TX, and UT; 5,000 shared branches in the CO-OP network
- Over 30,000 free ATMs in the Security Service FCU, CO-OP, and Stripes networks
- Waive $10 monthly service fee by maintaining a minimum $1,000 daily balance
- Interest compounded daily, paid monthly
- Federally insured by the NCUA
You might like the Security Service Federal Credit Union Money Market Account if you can keep $1,000 in the account to waive the $10 monthly service fee. If you aren't confident you can maintain a $1,000 balance, you may prefer the regular savings account.
How Security Service Federal Credit Union Works
Security Service Federal Credit Union Security Service Federal Credit Union Basic Savings Account has 67 branches in Colorado, Texas, and Utah. It's also part of the CO-OP shared branch network, so there are 5,000 shared branches around the US. You can't open an account at a shared branch, but you can visit to receive assistance.
Exact branch hours vary by location, but most Security Service FCU branches are open Monday through Friday and part of the day on Saturday. The member contact center is available Monday through Friday from 7 a.m. to 10 p.m. and Saturday from 9 a.m. to 6 p.m. CT. You can call toll-free from the US, Canada, the UK, Germany, Japan, and South Korea.
You have free access to over 30,000 ATMs in the Security Service FCU, CO-OP, and Stripes networks.
The Security Service FCU mobile app has 2.8 out of 5 stars in the Apple store and 3.9 out of 5 stars in the Google Play store.
Your deposits are federally insured by the NCUA for up to $250,000, or up to $500,000 for joint accounts. This means your money is safe even if the credit union closes.
How to Join Security Service Federal Credit Union
You're eligible to become a member of Security Service Federal Credit Union if you meet one of the following criteria:
- Live, work, study, worship, volunteer, or have a business in Colorado, Texas, or Utah
- Are a military member at a branch/unit or a Department of Defense employee at certain bases in Colorado, Texas, or Utah
- Have a family or household member who is already a member
You'll also need to open a Security Service Federal Credit Union Basic Savings Account when you join.
Security Service Federal Credit Union Trustworthiness and BBB Rating
Security Service Federal Credit Union does not have any public controversies.
The Better Business Bureau evaluates consumer trust, and the BBB gives Security Service FCU an A rating. The highest possible rating is an A+ but Security Service FCU has an A because it has left several customer complaints on the BBB website unresolved.
How Security Service Federal Credit Union Compares
Your choice between the three institutions could come down to which types of accounts you want. Navy Federalpays the highest rates on savings accounts, but Security Service has the most competitive certificate rates. USAA pays low interest rates, but it has a cash-back checking account.
Navy Federal has 24/7 customer support, while the other two institutions' hours are limited.
The best fit could also come down to whether you want to access to in-person branches. If you want to bank face-to-face, choose the one with a branch close to your home.
Why You Should Trust Us: How We Reviewed Security Service Credit Union
We rate bank accounts on a scale from one to five stars. For Security Service's checking, savings, and money market accounts, we used Personal Finance Insider's bank account ratings methodology. The exact factors we evaluate vary depending on the type of account — for example, we look at overdraft fees for checking accounts and interest rates for savings and money market accounts.
For the credit union's CDs, we used our CD rating methodology which looks at interest rates, minimum opening deposits, early withdrawal penalties, CD variety, customer support availability, mobile app ratings, miscellaneous features, and the security and ethics of the company.
We use a weighted average to get our star rating, which means we weigh certain features, like interest rates and fees, at a higher weight percentage than others. We understand that these areas can more heavily impact a person's overall banking experience.
