Service 1 Federal Credit Union


Overview / Commentary
231-739-5068
1075 E. Sherman Avenue
Muskegon, MI 49444

Service 1 Federal Credit Union is headquartered in Norton Shores and is the 79th largest credit union in the state of Michigan. It is also the 1,285th largest credit union in the nation. It was established in 1940 and as of December of 2023, it had grown to 52 employees and 21,670 members at 6 locations. Service 1 Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership in Service 1 Federal Credit Union is open to select employee groups (SEGs) in our field of membership (FOM) in all states and branches except our Shell Knob, MO branch, whose FOM is anyone who lives, works, worships, or attends school in Barry County or Stone County, MO.
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

Health Grade Components

Overall
NCUA #4038
Year Chartered1940
Employees52
Primary Regulator
Profit Margin
Return on Assets - YTD1.02%
Return on Equity - YTD6.63%
Annual Interest Income$8.2MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$193MM$191.4MM
LoansQ4 2023vs Q4 2022$140.8MM$137.6MM
DepositsQ4 2023vs Q4 2022$161.8MM$161.3MM
Equity CapitalQ4 2023vs Q4 2022$29.8MM$27.9MM
Loan Loss AllowanceQ4 2023vs Q4 2022$721K$490K
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$671K$203K
Real Estate OwnedQ4 2023vs Q4 2022$0$0
Rates

Rates for Service 1 Federal Credit Union are currently being reviewed.

Locations


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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