Security Service Federal Credit Union has acquired Orem-based Utah First Title Insurance Agency. Founded in 1956, Security Service is a 67-location credit union based in San Antonio, Texas. It has 13 Utah locations along with branches in Texas and Colorado. In addition to providing financial products and services, including insurance and investments, it owns a full-service title services subsidiary, Security Service Title Co.
The acquisition was facilitated by Denver-based mergers and acquisitions firm Turk & Co.
An independently owned and operated title agency that will maintain operations under its current name, Utah First said it wanted to find the right fit for its employees and customers.
“Security Service not only shares our same core values, but their leadership is also making sure our employees and their families are taken care of during the transition and that is important to us,” said Mark Schroeppel, marketing manager at Utah First.
“When looking to expand our title services, it only made sense to do so in the areas we currently serve,” said Charles Goss, executive vice president and chief lending officer for Security Service. “The acquisition of Utah First Title Insurance Agency will allow us to provide title insurance and settlement services for both homeowners and businesses in the Utah market.”