2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 61159
Date Established 1955
Assets $434.47 million
Loans $341.18 million
Deposits $389.29 million
Capital $39.71 million
 

Security is an NCUA insured institution located in Grand Blanc, MI. It was founded in 1955 and has approximately $434.47 millions in assets.

Who can join?

Anyone who lives, works, worships, attends school or volunteers in Genesee County, Lapeer County, most of Saginaw County, Shiawassee County, and Deerfield Township and Tyrone Township in Livingston County, Michigan, can become a member of Security Credit Union. Persons who are donors to the Salvation Army of Genesee County, a non-profit corporation, can also become a member of Security. Potential members may also be eligible by having an immediate family member or household member that is currently a member or eligible to be a member.

Field of Membership Restrictions

Membership is open to anyone through a donation to the Salvation Army of Genesee. Membership is also open to those who live, work, volunteer, attend school or worship in Genesee, Lapeer, Livingston, Macomb, Oakland, Saginaw, Sanilac, Shiawassee, Washtenaw, and Wayne Counties in Michigan.

Deposit Rates - October 21, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.38% $2,500 $24,999 Learn MoreShow Less
Money Market
0.38% $25,000 $49,999 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
2.30% $500 $99,999 Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
1.80% $500 $99,999 Learn MoreShow Less
2.30% $500 $99,999 Learn MoreShow Less
18 Mo CD
2.45% $500 - Learn MoreShow Less
24 Mo CD
2.50% $500 - Learn MoreShow Less
30 Mo CD
2.60% $500 - Learn MoreShow Less
36 Mo CD
2.70% $1,000 - Learn MoreShow Less
48 Mo CD
2.90% $1,000 - Learn MoreShow Less
60 Mo CD
3.10% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.15% $1 $9,999 Learn MoreShow Less

Loan Rates - October 21, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for SECURITY

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More
First Internet Bank
NMLS ID: 424182
3.750% 3.750% -0.13 ($158) $1,158 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.523% 3.500% 0.25 $732 $1,123 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.250 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.990 %
$0 Learn More
More Info

Note to SECURITY
To upload and update your bank's rates please register. It is free to register and add rates.



Branches

Below are Security branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Security Locations


Financial Details

Security Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Security. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Security U.S. Average
10.97% 5.86

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2019, Security had $3,462,031 in non-current loans and $1,124,598 in owned assets. To cover these potential losses it had $39,709,368 in net worth and $2,092,323 in loans loss reserves. That gives it a Texas Ratio of 10.97%.

Net Worth
Security U.S. Average
9.13% 13.65%

Security FCU has a net worth of 9.13% versus the BestCashCow average of 13.65. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Security

Branches and Savings

What is Security?

A federal credit union, registered with the NCUA under certificate #61159.
Learn more about credit unions here.

Is Security FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Security?

Please see Field of Membership information above for information on who is eligible to join.

What are Security's share account and share certificate rates?

Security's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Security?

Security has total capital of $39.71 million. Full information on Security's financial position is located above.

Who owns Security?

Credit Unions are owned by their members.

Where are Security branches located?

See branch locations nearby.

Are Security ATMs Open 24/7?

Do Security ATMs accept cash deposits?

Can Security customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Security have a mobile app?

Does Security have mobile deposit?

Does Security have quick pay?

How can Security transfer money to other banks or credit unions?

Does Security report to credit bureaus?

Does Security use Chexsystems?

Does Security use Equifax?

What is Security's toll free phone number?

What is Security's ACH Routing Number?

What is Security's SWIFT code?

Where can I find Security's wire transfer form?

What is the Security address for deposits?

What Products Does Security Offer

Does Security offer mortgages?

Compare mortgage rates here.

Does Security offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Security offer auto and RV loans?

Compare auto loan rates here.

Does Security offer student loans or personal loans?

Compare personal loan rates here.

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