Service 1 Federal Credit Union

Overview / Commentary
1075 E. Sherman Avenue
Muskegon, MI 49444

Service 1 Federal Credit Union is headquartered in Norton Shores and is the 80th largest credit union in the state of Michigan. It is also the 1,280th largest credit union in the nation. It was established in 1940 and as of June of 2022, it had grown to 46 employees and 21,779 members at 6 locations. Service 1 Federal Credit Union's money market rates are 59% higher than the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Must be an employee of one of the several select companies from the Muskegon, Mobile and Neosho area.
See current membership details

Reviews (1)

Love My Credit Union!

Posted by: |

We've been with Service 1 FCU for over 40 years. They're friendly and down-home atmosphere makes you feel welcome, while they're more than competitive lending rates make it our first choice for getting a loan. We've never had any problem with them and it's especially nice not having outlandish fees like the banks want to impose if we have insufficient funds. After having Service 1, I'll never go back to a bank for my financial needs.


Health Grade Components

NCUA #4038
Year Chartered1940
Primary Regulator
Profit Margin
Return on Assets - YTD1.03%
Return on Equity - YTD7.34%
Annual Interest Income$3.0MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$192.9MM$187.2MM
LoansQ2 2022vs Q2 2021$124.8MM$118.1MM
DepositsQ2 2022vs Q2 2021$165.4MM$161.1MM
Equity CapitalQ2 2022vs Q2 2021$27.1MM$25.3MM
Loan Loss AllowanceQ2 2022vs Q2 2021$399.00K$646.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$226.00K$220.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0
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Always verify rates and promotions with the bank or credit union. We are not Service 1 Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Service 1 Federal Credit Union Savings Account Rates

0.50%*-$25kKasasa Saver
OTHER TIERS: 0.05% $25k+

Service 1 Federal Credit Union Money Market Rates

0.70%*$50k*-Money Management Account
OTHER TIERS: 0.45% $2k - $20k | 0.60% $20k - $50k

Service 1 Federal Credit Union Checking Account Rates

3.25%*-$10kKasasa Cash Checking
OTHER TIERS: 0.05% $10k+

Service 1 Federal Credit Union CD Rates

2.75%$500-18 Month CD Special
2.25%$500-60 Month CD
2.15%$500-48 Month CD
2.05%$500-36 Month CD
2.00%$500-24 Month CD
2.00%$500-30 Month CD
2.00%$500-24 Month Youth CD
1.25%$500-12 Month CD
1.25%$100-12 Month Youth CD
1.00%$500-6 Month CD
1.00%$100-6 Month Youth CD

Service 1 Federal Credit Union IRA Rates

2.75%$500-18 Month Special IRA
2.25%$500-60 Month IRA
2.15%$500-48 Month IRA
2.05%$500-36 Month IRA
2.00%$500-24 Month IRA
2.00%$500-30 Month IRA
1.25%$500-12 Month IRA

Service 1 Federal Credit Union Locations
Branch Office1075 E Sherman BlvdNorton Shores, MI 49444-1807
Branch Office2051 S Broad StMobile, AL 36615-1286
Branch Office2975 Gardner Edgewood DrNeosho, MO 64850-3110
Branch Office1625 Eastwind DrMuskegon, MI 49444-7837
Branch Office25368 State Highway 39Shell Knob, MO 65747
Branch Office991 W Broadway AveMuskegon, MI 49441

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