Using Web Service with CFLDAP?

Has anyone ever been able to use the CFLDAP tag to connect to a secure LDAP Service without putting the username and password in clear text in the source code? 

For example:

<cfldap

    action = "query"

    server = "myserver.com"

    attributes = "*"

    start = "dc=myserver,dc=com"

    name = "results"

    secure = "CFSSL_BASIC"

    username = "MyUserName"

    password = "MyPa$$w0rD">

I was wondering if using a Web Service Account (which would be granted access to the LDAP Service) would be able to run the code without putting the username and password in clear text as shown above?  Has anyone tested this out before or have any further information on it?

Thanks for any insights you can give.