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SAN ANTONIO-The city’s biggest credit union has reserved a spot in southeast San Antonio with the purchase of a pad site at Rigsby Avenue and Loop 410. Security Service Federal Credit Union, which has about 200,000 customers in the San Antonio area, recently closed on the property.

The financial institution, however, won’t build on the site for a couple of years, a company insider tells GlobeSt.com. “It’s not imminent,” he says, “but it’s part of our continuing program to put facilities to serve our members where they live, where things grow.”

Security Federal has 17 branches and its headquarters in San Antonio. It also has branches in Boerne and Uvalde and six in Colorado. The branches are 6,000 sf to 7,000 sf. Larry Baumgardner of Dominion Advisory Group Inc. has represented Security Federal in the transaction. The site of the branch-to-be is in front of a 200,000-sf Super Wal-Mart store under construction on the northeast corner of the Rigsby-Loop 410 intersection.

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