Dedicated to Deposits: Deals, Data, and Discussion

Checking and CD Deals at Service Credit Union - Limited Membership


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 also a 11-month CD with a 1.00% APY and a refer-a-friend bonus of a $100 gift card. These promotions don't appear to be listed at the credit union's website. They were advertised in Massachusetts newspapers on 5/17/2012. The ad is available online here. According to the small print, the offers are valid until May 31, 2012.

Here's the small print of this checking account promotion:

Must open a ServicePlus Checking account with direct deposit of entire net pay in order to qualify for $150 offer. $150 will be deposited into your eligible checking account when direct deposit is verified.

The ad describes the refer-a-friend bonus as "Tell-a-friend and you will both get a $100 gift card or a gift of your choice". Here's the small print of this bonus:

Individual must be a new member of Service Credit Union to receive a gift. They must be eligible to open a checking account and direct deposit of entire net pay must be verified. New account incentive gifts will result in a 1099-INT to be issued for the value of a gift as income.

Checking Account Details

It's important to note that the ServicePlus Checking account requires a $1,500 minimum balance or direct deposit to avoid a $9 monthly fee. You can view the checking account details in the credit union's checking account page.

Competitive CD and IRA CD Rates

The credit union also has some decent rates on its long-term share and IRA certificates. These include a 2.15% APY 5-year CD, a 1.80% APY 4-year CD and a 1.60% APY 3-year CD. These rates are listed in the credit union's rates page as of 5/18/2012.

Credit Union Membership

Service Credit Union membership is available to anyone living or working in New Hampshire (except Coos County which is way north in NH) and in the Falmouth MA area.

If you or your immediate family member has military connections, it's likely that you can qualify for Service Credit Union membership. In the online application, one of the options that you can select for eligibility state the following:

I am a U.S. civilian employee of the Department of Defense and/or stand-by, inactive, retired or active military personnel of the Department of Defense; or I am a family member of one of the above.

Please refer to the credit union's membership eligibility page for the full details.

Credit Union Overview

Service Credit Union branches are located in the New Hampshire cities of Bedford, Epping, Keene, Lebanon, Manchester, Newington, Portsmouth, Rochester, Salem and Somersworth and in Falmouth, Massachusetts. There are also branches in Germany to service military members.

The credit union has an overall health score at of 5 stars (out of 5) with a Texas Ratio of 1.85% (excellent) based on December 2011 data. Please refer to our financial overview of Service Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 68375).

Other Credit Union & Bank Bonuses

We have a bank promotions page with a table of all of the active bank and credit union promotions. You can filter the table based on the type of promotion and based on your state. I have more details about how to use this page in this blog post.

You can view my latest bank bonus blog posts in this bank bonus page. I and readers often post on bonuses in the checking account deals forum.

  Tags: CD rates, Service Credit Union, New Hampshire, Massachusetts, checking account

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