ENGLEWOOD, Colo. – Security Service FCU, San Antonio, Texas has become the largest CU to date to participate in Centrix Financial LLC's CentrixT Portfolio Management Program (PMP). With $2.2 billion in assets and a membership base of 440,000, SSFCU is the 12th largest credit union in the U.S. Financial institutions participating in PMP receive a financial guarantee on each PMP loan. The guarantee insures against principal loss in the event of default. Loans are approved on a loan-by-loan basis, and securitization is further insured by a large pool of funding capital from a network of participating financials. Loans can also be sold on the secondary market if necessary to meet liquidity needs.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
