Service 1 Credit Union

Service 1 Credit Union is headquartered in Muskegon and is the 109^th largest credit union in the state of Michigan. It is also the 1,642^nd largest credit union in the nation. It was established in 1940 and as of December of 2011, it had grown to 25 employees and 16,866 members. Service 1 Credit Union's money market rates are 14% higher than the national average, and it boasts a 5-star health rating.

Service 1 Credit Union Money Market Rates

Service 1 Credit Union CD Rates

Data for Q4 2011

Institution Statistics SERVICE 1 NCUA # 4038 BankRate Report View Year Chartered 1940 Employees 25 Primary Regulator Assets and Liabilities Assets $80.84 million Loans $55.25 million Deposits $66.72 million Equity Capital $13.44 million Loan Loss Allowance $275,000 Unbacked Noncurrent Loans $275,000 Historic Data - December 2010 Assets $74.06 million Equity Capital $12.11 million Loan Loss Allowance $403,000 Unbacked Noncurrent Loans $462,000 Profit Margin - Quarterly Net Interest Margin 5.6% Return on Assets 1.64% Return on Equity 9.86% Interest Income $3.69 million Non-Interest Income $1.95 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Service 1 Credit Union had $275,000 in non-current loans and owned real-estate with $13.71 million in equity and loan loss allowances on hand to cover it. This gives Service 1 Credit Union a Texas Ratio of 2.01% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Service 1 Credit Union decreased significantly from 3.69% as of December 31, 2010 to 2.01% as of December 31, 2011, resulting in a positive change of 45.67%.This indicates that the balance sheet and financial strength for Service 1 Credit Union has improved significantly in recent periods. Deposit Growth In the past year, Service 1 Credit Union has increased its total deposits by $5.35 million, resulting in 8.71% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Service 1 Credit Union has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Service 1 Credit Union has $80.84 million in assets with $13.71 million in equity, resulting in a capitalization level of 16.96%, which is excellent.

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