SSFCU Buys Another Troubled CU

DENVER-Security Service FCU continued to grow its Denver presence with the acquisition of ailing Aurora Catholic FCU.

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The acquisition of the $11-million credit union, which lost $835,000 last year, will add an office in Aurora for the $5 billion San Antonio-based Security Service.

It follows Security Service's 2004 acquisition of troubled Diakonia in Denver, and a 2007 deal for failed New Horizons Community FCU of Denver.

As a result of the latest deal, Security Service will operate six branches in the Denver market and 13 in Colorado.


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