2024 Overview
General Credit Union Information
Security is an NCUA insured institution located in Grand Blanc, MI. It was founded in 1955 and has approximately $638.77 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.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 61159 |
| Date Established | 1955 |
| Assets | $638.77 million |
| Loans | $486.43 million |
| Deposits | $539.63 million |
| Capital | $61.45 million |
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 - April 20, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.01% | $2,500 | $4,999 |
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|
|
Money Market
|
0.20% | $2,500 | $2,999 |
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|
|
Money Market
|
0.20% | $10,000 | $14,999 |
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|
|
Money Market
|
0.25% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.85% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.85% | $100,000 | $199,999 |
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|
| 30 Mo CD
|
0.95% | $10,000 | $14,999 |
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|
| 30 Mo CD
|
0.95% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.20% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.20% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.35% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.35% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.15% | $1 | $499 | Learn More |
Loan Rates - April 20, 2024
Your Current Location: Ohio, OH 43085
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 - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 3030 |
7.451% | 7.375% | 0.75 | $2,400 | $2,211 | Learn More |
NMLS ID: Not a Lender |
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NMLS ID: 491986 |
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NMLS ID: Not a Lender |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
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More Info |
Note to Security
To upload and update your bank's rates please register.
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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:
Columbus,Ohio
Climate Policy and Initiatives
SECURITY is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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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 |
|---|---|
| 21.35% | 6.97 |
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 December 31, 2023, Security had $12,449,683 in non-current loans and $1,124,873 in owned assets. To cover these potential losses it had $61,450,653 in net worth and $2,144,891 in loans loss reserves. That gives it a Texas Ratio of 21.35%.
Net Worth
| Security | U.S. Average |
|---|---|
| 9.59% | 13.62% |
Security FCU has a net worth of 9.59% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Security
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