3 star ratingAverage User Rating:
3 star rating based on 4 reviews.

Service Credit Union

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



Service Credit Union is headquartered in Portsmouth and is the largest credit union in the state of New Hampshire. It is also the 63rd largest credit union in the nation. It was established in 1957 and as of September of 2011, it had grown to 416 employees and 156,508 members. Service Credit Union's savings rates are 83% higher than the national average, and it boasts a 5-star health rating.

Service Credit Union Routing Number: 211489656

Related Posts

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

10% 3-Month CD ($1K Max) Black Friday Special At Service Credit Union In NH & MA (Forum) - 11/14/2010

The $1,000 maximum deposit (per member) hurts this deal, but at least it doesn't require a checking account. If you deposit $1,000 into a 10% 3-month CD, you'll make about $25. It's only available on Black Friday (Nov 26, 2010) from 6:00am to 12:00pm at

CD Specials and Top CD Rates at Service Credit Union - Limited Membership - 8/3/2010

Service Credit Union continues to offer two certificate specials. The rates have gone down since last month, but they remain competitive: 1.65% APY for 19 months and 1.25% APY for 8 months. Minimum de ...

2010

2009




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

Service Credit Union Checking Account Rates

ApyMinMaxProduct
0.10%$5k-Service Plus Checking

Service Credit Union Savings Account Rates

ApyMinMaxProduct
0.95%$2,500-Star Shares
0.95%$2,500-Senior Shares
0.75%$50-Traditional IRA Account
0.75%$50-Roth IRA Account
0.75%$50-CESA Account
0.45%$5k-Share Savings
0.45%$5k-Holiday Club
0.45%$5k-Club Account
0.45%$5k-Smart Savers

Service Credit Union Money Market Rates

ApyMinMaxProduct
0.85%$25k-Service+ High Yield Money Market With Direct Deposit
0.60%$25k-Money Market

Service Credit Union CD Rates

ApyMinMaxProduct
2.40%$1k-5 Year CD
2.00%$1k-4 Year CD
1.75%$1k-3 Year CD
1.70%$250-Warrior Rewards Certificate
1.40%$1k-2 Year CD
1.20%$250-Star Certificate
1.20%$250-Senior Certificate
1.00%$1k-11 Month CD Special
0.70%$1k-1 Year CD
0.65%$1k-6 Month CD
0.60%$1k-3 Month CD

Service Credit Union IRA Rates

ApyMinMaxProduct
2.40%$1k-5 Year IRA
2.40%$1k-5 Year Roth IRA
2.40%$1k-5 Year CESA
2.00%$1k-4 Year IRA
2.00%$1k-4 Year Roth IRA
2.00%$1k-4 Year CESA
1.75%$1k-3 Year IRA
1.75%$1k-3 Year Roth IRA
1.75%$1k-3 Year CESA
1.40%$1k-2 Year IRA
1.40%$1k-2 year Roth IRA
1.40%$1k-2 Year CESA
1.00%$1k-11 Month IRA Special
1.00%$1k-11 Month Roth IRA Special
1.00%$1k-11 Month CESA Special
0.70%$1k-1 Year IRA
0.70%$1k-1 Year Roth IRA
0.70%$1k-1 Year CESA
0.65%$1k-6 Month IRA
0.65%$1k-6 Month Roth IRA
0.65%$1k-6 Month CESA
0.60%$1k-3 Month IRA
0.60%$1k-3 Month Roth IRA
0.60%$1k-3 Month CESA

Rates updated: 2/10/2012

Data for Q3 2011


Institution Statistics


SERVICE
NCUA #68375
BankRate ReportView
Year Established1957
Employees416
Primary Regulator

Assets and Liabilities

Assets$1.93 billion
Loans$1.30 billion
Deposits$1.49 billion
Equity Capital$237.97 million
Loan Loss Allowance$9.62 million
Unbacked Noncurrent Loans$4.30 million

Historic Data - September 2010

Assets$1.74 billion
Equity Capital$207.53 million
Loan Loss Allowance$9.04 million
Unbacked Noncurrent Loans$3.24 million
Real Estate Owned$171,000

Profit Margin - Quarterly

Net Interest Margin3.46%
Return on Assets1.62%
Return on Equity13.18%
Interest Income$60.64 million
Non-Interest Income$39.64 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 September 30, 2011 Service Credit Union had $4.3 million in non-current loans and owned real-estate with $247.58 million in equity and loan loss allowances on hand to cover it. This gives Service Credit Union a Texas Ratio of 1.73% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Service Credit Union held steady from 1.57% as of September 30, 2010 to 1.73% as of September 30, 2011, resulting in a negative change of 10.15%. This indicates that the balance sheet and financial strength for Service Credit Union has held steady in recent periods.
Deposit Growth5
In the past year, Service Credit Union has increased its total deposits by $166.4 million, resulting in 12.59% 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 $1.93 billion in assets with $247.58 million in equity, resulting in a capitalization level of 12.81%, which is excellent.
Write Review

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.

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

2

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!

2

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