Over the past year, Security Service Federal Credit Union has seen its loanportfolio soar to record heights.
|This time around, the $7 billion credit union in San Antoniosaid it reached a new lending milestone – $7 billion in loans –with more than three-fourths of its portfolio in indirect lending.
|“We have built strong relationships over the years with members,and those relationships have driven the way we do business,” JimLaffoon, SSFCU president, said in a statement.
|“We remain steadfast in our commitment to providing the finestservice and transactional convenience for our members whether theyare buying a car, starting a business or purchasing a home,”Laffoon said.
|The lending accolades continue to increase for SSFCU. In August,it was ranked fifth among prime retail credit lenders in the country, according to theJ.D. Power 2013 U.S. Dealer Financing Satisfaction Study.
|Last August, the credit union hit a new high again when its loanportfolio surpassed $6 billion for the first time.
|SSFCU is currently the number one auto lender and fifth largestmortgage lender in San Antonio, according to the credit union.
|Established in 1956 with eight members and $25 in deposits,SSFCU said it approved its first loan five months after opening andreached $20 million in loans by 1966.
|“We are humbled by our members' continued loyalty and trust inSecurity Service over the years,” said Laffoon. “Without it, wewould never have reached this milestone.”
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