SAN ANTONIO — Security Services Federal Credit Union said Friday it will increase the minimum wage for employees from $15 to $20 per hour. The company is headquartered in San Antonio.
In a press release, the company said the increase will impact nearly 400 employees, with the largest percentage being those who serve the credit union’s members in branches and through the member contact center.
“This move is about people, and how we enable our best and brightest talent to be successful at work and in life,” said Jim Laffoon, president and chief executive officer of Security Service Federal Credit Union. “This action sends a message to our employees that we not only value them, but that they are a key success factor in achieving the future we want for our company and for our members.”
The new hourly rate will go into effect for current employees at the end of the month and will also be in effect for all new hires moving forward, Security Services said.
“Our employees give us a competitive advantage and every job in our credit union is valued,” said Laffoon. “This move is not only an investment in them, but an investment in the future of the credit union and the members we exist to serve.”