Service First Credit Union

Service First Credit Union is headquartered in Sioux Falls and is the 4^th largest credit union in the state of South Dakota. It is also the 1,244^th largest credit union in the nation. It was established in 1934 and as of December of 2011, it had grown to 52 employees and 14,775 members. Service First Credit Union has a 3-star health rating.

Service First Credit Union Savings Account Rates

Service First Credit Union Money Market Rates

Service First Credit Union CD Rates

Service First Credit Union IRA Rates

Data for Q4 2011

Institution Statistics SERVICE FIRST NCUA # 77 BankRate Report View Year Chartered 1934 Employees 52 Primary Regulator Assets and Liabilities Assets $121.15 million Loans $53.58 million Deposits $114.91 million Equity Capital $5.44 million Loan Loss Allowance $793,000 Unbacked Noncurrent Loans $1.08 million Real Estate Owned $1.11 million Historic Data - December 2010 Assets $115.87 million Equity Capital $4.46 million Loan Loss Allowance $1.17 million Unbacked Noncurrent Loans $1.91 million Real Estate Owned $950,000 Profit Margin - Quarterly Net Interest Margin 5.99% Return on Assets 0.16% Return on Equity 3.46% Interest Income $5.13 million Non-Interest Income $1.91 million

Institution Health Overall Score: 3 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 First Credit Union had $2.19 million in non-current loans and owned real-estate with $6.23 million in equity and loan loss allowances on hand to cover it. This gives Service First Credit Union a Texas Ratio of 35.21% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Service First Credit Union decreased slightly from 50.92% as of December 31, 2010 to 35.21% as of December 31, 2011, resulting in a positive change of 30.87%.This indicates that the balance sheet and financial strength for Service First Credit Union has improved slightly in recent periods. Deposit Growth In the past year, Service First Credit Union has increased its total deposits by $4.65 million, resulting in 4.22% 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 First Credit Union has shown is above average. 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 First Credit Union has $121.15 million in assets with $6.23 million in equity, resulting in a capitalization level of 5.14%, which is below average.

No reviews have been left for this bank yet. Be the first to review.