South Carolina Executive, Ray Biggs Receives Financial Services Industry Award

April 2, 2008

WASHINGTON, DC – April 2, 2008 – Ray Biggs, President of Security Finance Corporation of Spartanburg, was recently honored with the American Financial Services Association (AFSA)’s Outstanding Independent Award.

The Outstanding Independent Award is given to an individual who has contributed significantly to the success of the financial services industry and the AFSA Independents Section through active involvement and participation in the community and the association.  Biggs received the award during the opening session of AFSA Independents Section’s 2008 Annual Conference & Exposition held March 26-29 in Phoenix.

Before joining Security Finance in 1995, Biggs was Senior Vice President and Chief Financial Officer of Flagstar Companies, where he was responsible for supervising investor relations, strategic planning, budgeting, cash management, SEC relations and data processing.  He acted as the company’s number two person with responsibility for evaluating and approving all capital expenditures, and the acquisition or divestiture of subsidiaries.

Biggs also served as senior partner of Deloitte & Touche for 15 years.
He holds a Bachelor of Business Administration degree from Memphis University.

A member of AFSA since 1995, Biggs has been active on its Board of Directors, serving as the 2002-2003 Chairman. He has also been active on the Independents Section Advisory Board, serving as the 2001-2002 Chairman.

Based in Washington, D.C., AFSA ( is the national trade association for the consumer credit industry, protecting access to credit and consumer choice.  Its 350 members include consumer and commercial finance companies, auto finance/leasing companies, mortgage lenders, credit card issuers, industrial banks and industry suppliers.

Security Finance ( <> ) is a consumer loan company headquartered in Spartanburg, S.C. that delivers financial services to hundreds of thousands of customers through 1,015 offices across the country.