2 star ratingAverage User Rating:
2 star rating based on 9 reviews.

Service Credit Union

Service Credit Union Locations
2010 Lafayette Road
Portsmouth, NH 03801
(603)422-8300
www.servicecu.org

NCUA


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 2012, it had grown to 466 employees and 171,684 members. Service Credit Union's savings rates are 54% higher than the national average, and it boasts a 5-star health rating.

Service Credit Union Routing Number: 211489656

Related Posts

10% 3-Month CD - $1K Max - Black Friday Special At Service Credit Union (Forum) - 11/5/2012

Service Credit Union will be bringing back its Black Friday CD special. Unfortunately, it's just a teaser. The 10% APY may look nice, but it's only a 3-month CD with a maximum deposit of only $1,000. Thus, the maximum interest that can be earned is only $

Checking and CD Deals at Service Credit Union - Limited Membership - 5/18/2012

Service Credit Union is offering several promotions in celebration of it reaching $2 billion in asset size. The best offer is a $150 bonus for opening a checking account with direct deposit. There's a ...

Service Credit Union's Black Friday Specials - 11/22/2011

ING Direct isn't the only financial institution offering Black Friday specials . There's also Service Credit Union which is having a Black Friday special with some deposit deals. On the first look at ...

Cyber Monday $100 Checking Account Bonus At Service Credit Union (Forum) - 11/26/2010

One of the Cyber Monday promotions at Service Credit Union is a $100 bonus for opening a ServicePlus Checking account. Direct deposit and e-statements are required. The ServicePlus Checking account has a $9 monthly fee. This can be waived with either dir

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See Rates for: Checking | Savings | Money Market | CD | IRA

Service Credit Union Checking Account Rates

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

Service Credit Union Savings Account Rates

ApyMinMaxProduct
0.80%$2,500-Star Shares
0.80%$2,500-Senior Shares
0.65%$2,500-Select Employer Group (SEG) Savings
0.50%$50-Traditional IRA Account
0.50%$50-Roth IRA Account
0.50%$50-CESA Account
0.30%$5k-Share Savings
0.30%$5k-Christmas Club
0.30%$5k-Club Account
0.30%$5k-Smart Savers
0.30%$5k-Business Shares

Service Credit Union Money Market Rates

ApyMinMaxProduct
0.55%$25k-Service+ High Yield Money Market With Direct Deposit
0.40%$25k-Business Money Market
0.35%$25k-Money Market

Service Credit Union CD Rates

ApyMinMaxProduct
1.85%$1k-5 Year Share Certificate
1.85%$1k-5 Year Business Share Certificate
1.60%$1k-4 Year Share Certificate
1.60%$1k-4 Year Business Share Certificate
1.40%$250-6 Month Warrior Rewards Certificate
1.35%$1k-3 Year Share Certificate
1.35%$1k-3 Year Business Share Certificate
1.00%$1k-2 Year Share Certificate
1.00%$1k-2 Year Business Share Certificate
0.90%$250-6 Month Star Certificate
0.90%$250-6 Month Senior Certificate
0.90%$1k-15 Month Share Certificate Special
0.75%$250-6 Month SEG Share Certificate
0.65%$1k-7 Month Share Certificate Special
0.60%$1k-3 Month Share Certificate Internet Only Special
0.40%$1k-1 Year Share Certificate
0.40%$1k-1 Year Business Share Certificate
0.35%$1k-6 Month Share Certificate
0.35%$1k-6 Month Business Share Certificate
0.30%$1k-3 Month Share Certificate
0.30%$1k-3 Month Business Share Certificate

Service Credit Union IRA Rates

ApyMinMaxProduct
1.85%$1k-5 Year IRA Certificate
1.85%$1k-5 Year Roth IRA Certificate
1.85%$1k-5 Year CESA Certificate
1.60%$1k-4 Year IRA Certificate
1.60%$1k-4 Year Roth IRA Certificate
1.60%$1k-4 Year CESA Certificate
1.35%$1k-3 Year IRA Certificate
1.35%$1k-3 Year Roth IRA Certificate
1.35%$1k-3 Year CESA Certificate
1.00%$1k-2 Year IRA Certificate
1.00%$1k-2 Year Roth IRA Certificate
1.00%$1k-2 Year CESA Certificate
0.90%$1k-15 Month CESA Certificate Special
0.90%$1k-15 Month IRA Certificate Special
0.90%$1k-15 Month Roth IRA Certificate Special
0.75%$250-6 Month SEG CESA Certificate
0.75%$250-6 Month SEG IRA Certificate
0.75%$250-6 Month SEG Roth IRA Certificate
0.65%$1k-7 Month CESA Certificate Special
0.65%$1k-7 Month IRA Certificate Special
0.65%$1k-7 Month Roth IRA Certificate Special
0.60%$1k-3 Month CESA Certificate Internet Only Special
0.60%$1k-3 Month IRA Certificate Internet Only Special
0.60%$1k-3 Month Roth IRA Certificate Internet Only Special
0.40%$1k-1 Year IRA Certificate
0.40%$1k-1 Year Roth IRA Certificate
0.40%$1k-1 Year CESA Certificate
0.35%$1k-6 Month IRA Certificate
0.35%$1k-6 Month Roth IRA Certificate
0.35%$1k-6 Month CESA Certificate
0.30%$1k-3 Month IRA Certificate
0.30%$1k-3 Month Roth IRA Certificate
0.30%$1k-3 Month CESA Certificate

Rates updated: 5/20/2013

Data for Q4 2012


Institution Statistics


SERVICE
NCUA #68375
BankRate ReportView
Year Chartered1957
Employees466
Primary Regulator

Assets and Liabilities

Assets$2.21 billion
Loans$1.41 billion
Deposits$1.71 billion
Equity Capital$274.04 million
Loan Loss Allowance$9.49 million
Unbacked Noncurrent Loans$4.32 million

Historic Data - December 2011

Assets$1.98 billion
Equity Capital$245.55 million
Loan Loss Allowance$9.27 million
Unbacked Noncurrent Loans$4.72 million

Profit Margin - Quarterly

Net Interest Margin4.13%
Return on Assets1.26%
Return on Equity10.1%
Interest Income$76.05 million
Non-Interest Income$58.94 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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, 2012 Service Credit Union had $4.32 million in non-current loans and owned real-estate with $283.54 million in equity and loan loss allowances on hand to cover it. This gives Service Credit Union a Texas Ratio of 1.52% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Service Credit Union decreased slightly from 1.85% as of December 31, 2011 to 1.52% as of December 31, 2012, resulting in a positive change of 17.87%.This indicates that the balance sheet and financial strength for Service Credit Union has improved slightly in recent periods.
Deposit Growth5
In the past year, Service Credit Union has increased its total deposits by $183.42 million, resulting in 11.99% 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.
Capitalization5
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 $2.21 billion in assets with $283.54 million in equity, resulting in a capitalization level of 12.86%, which is excellent.
Write Review

Pants On Fire
1 stars - merrimacker - Tuesday, December 4, 2012 - 1:37 AM

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.

4

Look Out For Inactivity Fees At Service Credit Union
1 stars - dillydream - Monday, March 19, 2012 - 3:25 PM

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.

4

Black Friday Specials....
1 stars - Hohum - Sunday, January 15, 2012 - 4:06 PM

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.

4

Great Bank With No Fees!
5 stars - sprockt012 - Thursday, March 10, 2011 - 2:53 PM

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!

4

The Worst!
1 stars - aml321 - Saturday, October 13, 2012 - 12:13 AM

I wish I could pick no stars...they financed our car OK great..told my husband to take a loan to fix our credit..OK did that. Being military I lost my job during a pcs move so I held off on the loan and only made car payments But I guess the bank can decide where my payment went. They only put it on the loan So one morning 0400 some one knocked on my door and took my car. The bank after Talking to me for 2 years about accounts that were only in my husbands name finally Said nope we can't talk to you sorry, but they did for 2 years? They would help me they wouldn't do anything I sent them a poa that was done in military attorneys office stamped sealed the whole 9 yards , and the lady Amy Stevens said his signature didn't match..so they still wouldnt talk to me.what a way to treat a customer of 9 years a family a militray soldier. This bank and the people stand for nothing in my mind . Soldiers stay away from this bank

3

Military Friendly?
1 stars - alexhabana - Monday, December 12, 2011 - 4:31 PM

I joined this credit union in 2006 because we (USARMY servicemembers) stationed overseas dont have much choices, they charged us fees for everything, now they have an scheme that they pay for your bills for a minimum fee even if you dont have money. Even I agreed to that, look to me like they profited a lot with that type of help, after hundreds of dollars in fees, for balances checks in ATM's, transfers between accounts fees, transactions fees, international withdrawal fees, overdrafts fees...etc, I still dont see how non profit and military friendly they are.

finally I refinanced my car loan with them and changed to USAA, so they can't stop profiting with my money

3

UNPROFESSIONAL EMPLOYEE
2 stars - NOTHAPPY12 - Friday, February 8, 2013 - 1:59 PM

I have recently moved up here to NH and started an account with Service Credit Union. I mostly do my banking online but when I need to go to the bank I go to the location in Walmart. I have NEVER experienced the unprofessionalism in a bank like there is here. There is an emplyee named [redacted] that has the worst mouth and such a poor attitude about other Service Credit Union branch employees. For one she gets too personal with account holders. She has given out information on other peoples accounts to other account holders. This type of service has reflected my opinion on going with another bank, as I DO NOT want my information shared or talked about with other people. That is nobody else's business but MINE!!

1

VERY POOR CUSTOMER SERVICE FOR MY CAR LOAN
1 stars - Patrick666 - Monday, September 10, 2012 - 6:47 PM

Applied and got approved for my car loan on August 20, 2012 and purchased a vehicle that day from a great car dealer in San Diego. It is now September 10, 1012 and that dealer has not been funded from Service Credit Union, we have faxed all required documents now approximately (10) times now, have spend several hours on hold and several hours talking to Service Credit Union about this, thank god the dealer has been cool, but are getting very frustated also, they need to get paid. Will never use this credit union again.

1

Reliable, Friendly And Easy
5 stars - Gretta012 - Friday, May 13, 2011 - 9:16 PM

i joined this credit union as a teen and have remained a customer for the past 18 years. I love this bank as all the services are free and they offer lots of great promotions at different times. The tellers are super friendly and recognize you by name when you come in. Rates are fair in this economy and banking is seamless. New perks like online deposits are great! I am a very happy customer and plan on staying with them for a long time.

1