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Security Service Federal Credit Union Review: Checking, Savings and Certificates

Nov. 28, 2018
Banking, CDs, Checking Accounts, Savings Accounts
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4.0 NerdWallet rating

Where Security Service shines:

  • No minimum balance required to avoid a monthly fee on basic checking.
  • Competitive rates and minimum deposits on certificates.
  • Special services for members of the military.
  • Participates in shared branching.

Where Security Service falls short:

  • Low interest on basic savings.
  • Hefty balance required to avoid the monthly fee on interest checking.

Where Security Service shines:

  • No minimum balance required to avoid a monthly fee on basic checking.
  • Competitive rates and minimum deposits on certificates.
  • Special services for members of the military.
  • Participates in shared branching.

Where Security Service falls short:

  • Low interest on basic savings.
  • Hefty balance required to avoid the monthly fee on interest checking.

Where Security Service shines:

    • No minimum balance required to avoid a monthly fee on basic checking.
    • Competitive rates and minimum deposits on certificates.
    • Special services for members of the military.
    • Participates in shared branching.

Where Security Service falls short:

  • Low interest on basic savings.
  • Hefty balance required to avoid the monthly fee on interest checking.

 

The bottom line

Security Service Federal Credit Union

at Security Service Federal Credit Union,

Federally insured by the NCUA

Security Service Federal Credit Union was founded to benefit members of the U.S. Air Force Security Service Command and currently operates branches in Colorado, Texas and Utah. The credit union participates in shared branching, so you can bank for free at thousands of other locations. Security Service offers a full range of insurance and financial products, a solid basic checking account and an interest checking account with cash back and other perks — as well as a tough-to-avoid monthly fee. The credit union also pays great rates on certificates. And if you’re active duty military, its services could help you pay less for loans and ship your vehicle, among other things.

Keep in mind, though, that if you’re looking for basic savings, Security Service’s rate is about what you’d find at a traditional brick-and-mortar bank. And unless you’re a member of a certain military branch or unit, or are a Department of Defense employee working on a specific military base, you’ll have to live, work, worship, attend school, volunteer or have a business located in Colorado, Texas or Utah to apply for membership. (Family members can also join.)

Best if: You’re a member of the military living in Colorado, Texas or Utah.

» Want more options? See NerdWallet’s analysis of the best credit unions.


Ratings methodology

NerdWallet’s overall ratings for banks and credit unions are weighted averages of several categories: checking, savings, certificates of deposit or credit union share certificates, customer experience and overdraft fees.

Factors we consider, depending on the category, include rates and fees, ATM and branch access, account features and limits, user-facing technology, customer service and innovation.

Ratings are rounded to the nearest half-star.

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