Thanks in part to auto loans, Security Service Federal Credit Union’s total loans have surpassed the $6 billion mark.
The $6.7 billion credit union in San Antonio said business and consumer loans have also increased.
Security Service was one of several credit unions highlighted by the Filene Research Institute last year that were able to grow their loan portfolios by more than 5% during the Great Recession.
Only 23 out of more than 2,200 U.S. credit unions larger than $50 million grew their new and used auto loan portfolios by more than 5% each year between 2008 and 2010, according to Filene.
Security Service serves more than 900,000 members.
