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3003 Lafayette Rd
Portsmouth, NH 03801

Service Credit Union is headquartered in Portsmouth and is the largest credit union in the state of New Hampshire. It is also the 61st largest credit union in the nation. It was established in 1957 and as of December of 2013, it had grown to 501 employees and 183,331 members. Service Credit Union's savings rates are 44% higher than the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

Eligible members in the USA include: * Individuals who live or work in the State of New Hampshire, with the exception of Coos County * Individuals who live or work in the towns of Falmouth, Mashpee, Bourne and Sandwich Massachusetts. * Families of credit union members "wherever they may live or work" * Select employer groups - See Details

Related Posts

Pants On Fire

They really ought to mix things upwhen they write their own reviews. Why are the only positive reviews a) from folks who lwant to talk how theyve been with the bank since they were kids b) babble about how "seamless" on-line bankins is and c) think we care that their tellers recognize some kid by name.

Clearly one person writing multiple reviews. What a job description that one must have.

Look Out For Inactivity Fees At Service Credit Union

My husband and I opened an account at Service Credit Union two years ago.  We were required to make a deposit of $5.00.  We had anticipated opening a CD there, but changed our minds afterwards, and left the account open just in case we wanted to open a CD later on.  We were told at the time that we must make at least one transaction every five years.  Two years later, we received a letter from Service Credit Union, warning that an inactivity fee of $50 would be charged unless we made a deposit to our account within a couple of months.  This $50 fee would be charged every time we went one year without a transaction, and if we went five years the fee would be $100.

Black Friday Specials....

But buyer beware. If it's too good to be true, well then it usually is.   Got a great rate, however, never told I had to direct deposit my "entire payroll check", and was not told there was a $39/month fee for Life and Disability insurance.  I have never heard of such a fee for insurance, particularly when I already have this type of coverage thru my employment and a full auto insurance policy.  If this is typical of Service Credit Unions practices, I am truly sorry for all the military people being misinformed and charged these riduculous charges.  Non profit, yea right.  Picking up where BOA left off. I'm outta there.  I will be checking with the NH State Banking commission on these practices.

Great Bank With No Fees!

I have been a member of Service Credit Union since I became an adult 15 years ago.  Since the 1990s I have been nothing but thrilled with this bank.  Their fees are minimal.  I don’t pay any type of checking account or savings account fees at all and I have free use of all SCU ATMs.  If I use another ATM, I do pay a $2.00 fee which is minimal as I rarely have the need to do that.  I have been very happy with my debit card and have had very few issues other than forgetting my PIN.  Any time I have visited a branch the tellers have been very warm and welcoming.  Most of them seem to recognize you after a few times of going there.  I have also called to inquire at various times about services and the phone number always allows you to reach a person who can help.  Internet banking is smooth.  I am a very satisfied customer!



Data for Q4 2013

Institution Health


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, 2013 Service Credit Union had $5.52 million in non-current loans and owned real-estate with $299.36 million in equity and loan loss allowances on hand to cover it. This gives Service Credit Union a Texas Ratio of 1.84% 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 Credit Union experienced no significant changes from 1.52% as of December 31, 2012 to 1.84% as of December 31, 2013, resulting in a negative change of 21.13%. This indicates that the balance sheet and financial strength for Service Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, Service Credit Union has increased its total deposits by $130.32 million, resulting in 7.61% 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 Credit Union has shown is excellent.



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 Credit Union has $2.35 billion in assets with $299.36 million in equity, resulting in a capitalization level of 12.75%, which is excellent.

Institution Statistics

NCUA #68375
Year Chartered1957
Primary Regulator
Assets and Liabilities
Assets$2.35 billion
Loans$1.57 billion
Deposits$1.84 billion
Equity Capital$289.22 million
Loan Loss Allowance$10.15 million
Unbacked Noncurrent Loans$5.42 million
Real Estate Owned$102,000
Historic Data - December 2012
Assets$2.21 billion
Equity Capital$274.04 million
Loan Loss Allowance$9.49 million
Unbacked Noncurrent Loans$5.42 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.54%
Return on Assets0.89%
Return on Equity7.2%
Interest Income$72.19 million

Always verify rates and promotions with the bank or credit union. We are not Service Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Service Credit Union Savings Account Rates

0.75%$2,500-Star Shares
0.75%$2,500-Senior Shares
0.60%$2,500-Select Employer Group (SEG) Savings
0.35%$50-Traditional IRA Account
0.35%$50-Roth IRA Account
0.35%$50-CESA Account
0.25%$5k-Share Savings
0.25%$5k-Christmas Club
0.25%$5k-Club Account
0.25%$5k-Smart Savers
0.25%$5k-Business Shares

Service Credit Union Money Market Rates

0.50%$25k-Service+ High Yield Money Market With Direct Deposit
0.35%$25k-Business Money Market
0.30%$25k-Money Market

Service Credit Union Checking Account Rates

0.10%$5k-Service Plus Checking
0.10%$5k-Business Plus+ Checking

Service Credit Union CD Rates

1.80%$1k-5 Year Share Certificate
1.80%$1k-5 Year Business Share Certificate
1.55%$1k-4 Year Share Certificate
1.55%$1k-4 Year Business Share Certificate
1.35%$250-6 Month Warrior Rewards Certificate
1.30%$1k-3 Year Share Certificate
1.30%$1k-3 Year Business Share Certificate
0.95%$1k-2 Year Share Certificate
0.95%$1k-2 Year Business Share Certificate
0.85%$250-6 Month Star Certificate
0.85%$250-6 Month Senior Certificate
0.85%$1k-15 Month Share Certificate Special
0.70%$250-6 Month SEG Share Certificate
0.60%$1k-7 Month Share Certificate Special
0.50%$1k-3 Month Share Certificate Internet Only Special
0.35%$1k-1 Year Share Certificate
0.35%$1k-1 Year Business Share Certificate
0.30%$1k-6 Month Share Certificate
0.30%$1k-6 Month Business Share Certificate
0.25%$1k-3 Month Share Certificate
0.25%$1k-3 Month Business Share Certificate

Service Credit Union IRA Rates

1.80%$1k-5 Year IRA Certificate (Traditional,Roth,CESA)
1.80%$1k-4 Year Roth IRA Certificate
1.55%$1k-4 Year IRA Certificate (Traditional,CESA)
1.30%$1k-3 Year IRA Certificate (Traditional,Roth,CESA)
0.95%$1k-2 Year IRA Certificate (Traditional,Roth,CESA)
0.85%$1k-15 Month IRA Certificate Special (Traditional,CESA,Roth)
0.70%$250-6 Month SEG IRA Certificate (Traditional,CESA,Roth)
0.60%$1k-7 Month IRA Certificate Special (Traditional,CESA,Roth)
0.50%$1k-3 Month IRA Certificate Internet Only Special (Traditional,CESA,Roth)
0.35%$1k-1 Year IRA Certificate (Traditional,Roth,CESA)
0.30%$1k-6 Month IRA Certificate (Traditional,Roth,CESA)
0.25%$1k-3 Month IRA Certificate (Traditional,Roth,CESA)

Service Credit Union has 40 locations. Click to view all Service Credit Union locations.