Security Service Federal Credit Union officials announced today the acquisition of West Texas Credit Union (WTCU) in El Paso, Texas. Approved by the National Credit Union Administration (NCUA), the Texas Credit Union Department and the WTCU Board of Directors, Security Service Federal Credit Union was selected to purchase the assets and assume member shares of the former WTCU. Security Service accounts are insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUSIF), an entity of the federal government operated by the NCUA.
We are pleased to welcome former WTCU members into the Security Service family and look forward to serving and being part of the El Paso community, said David Reynolds, president and CEO for Security Service. "We will be offering seamless and uninterrupted service to our new members while expanding products, delivery channels and convenience."
As part of the WTCU acquisition, Security Service Federal Credit Union added an additional $78 million in assets to its more than $5 billion in assets and an additional 25,000 members to it current 700,000 membership base. With the additional four locations in El Paso, Security Service now operates 36 locations in South, Central and West Texas. The credit union also operates another 14 locations in Colorado.