Security Service Federal Credit Union Acquires Utah First Title
March 23, 2023
Security Service Federal Credit Union recently acquired Utah First Title Insurance Agency.
Utah First Title Insurance Agency, located just south of Salt Lake City, wanted to find the right fit for its employees and customers. The company will continue to operate under its current name.
“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 from Utah First.
Founded in 1956, Security Service has 67 locations in Texas, Colorado and Utah. In addition to providing financial products and services, including insurance and investments, the Credit Union owns Security Service Title Company.
“When looking to expand our title services, it only made sense to do so in the areas we currently serve,” said Charles Goss, chief lending officer for Security Service Federal Credit Union. “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.”
As a title-centric mergers and acquisitions firm, Turk and Company served as the exclusive investment banker representing Security Service in the transaction.
“This is another milestone achievement for our team and highlights our growing practice as financial advisors to institutions who seek title expertise as part of Investment Banking,” said Howard Turk, Founder and Managing Director of Turk and Company.
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