Service 1 Federal Credit Union is headquartered in Norton Shores and is the 78th largest credit union in the state of Michigan. It is also the 1,258th largest credit union in the nation. It was established in 1940 and as of March of 2025, it had grown to 51 employees and 21,869 members at 6 locations. Service 1 Federal Credit Union's money market rates are 5X the national average, and it boasts an A+ health rating.
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
Overall | |
---|---|
NCUA # | 4038 |
Year Chartered | 1940 |
Employees | 51 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.69% |
Return on Equity - YTD | 4.25% |
Annual Interest Income | $2.6MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2025vs Q1 2024 | $206.7MM$200MM |
Loans | Q1 2025vs Q1 2024 | $144.1MM$141.7MM |
Deposits | Q1 2025vs Q1 2024 | $172.2MM$167.9MM |
Equity Capital | Q1 2025vs Q1 2024 | $33.2MM$31.2MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $702K$765K |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $389K$733K |
Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.50%* | $0 | $25k | Kasasa Saver | ||
OTHER TIERS: 0.05% → $25k+ |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
2.00%* | $100k* | - | Money Management Account | ||
OTHER TIERS: 1.00% → $2k - $20k | 1.25% → $20k - $50k | 1.75% → $50k - $100k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
3.25%* | $0 | $10k | Kasasa Cash Checking | ||
OTHER TIERS: 0.05% → $10k+ |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
3.50% | $500 | - | 12 Month IRA | |
3.50% | $500 | - | 18 Month IRA | |
3.50% | $500 | - | 24 Month IRA | |
3.50% | $500 | - | 30 Month IRA | |
3.50% | $500 | - | 36 Month IRA | |
3.50% | $500 | - | 48 Month IRA | |
3.50% | $500 | - | 60 Month IRA |
Service 1 Federal Credit Union Locations | ||
---|---|---|
Branch Office | 1075 E Sherman Blvd | Norton Shores, MI 49444-1807 |
Branch Office | 2051 S Broad St | Mobile, AL 36615-1286 |
Branch Office | 2975 Gardner Edgewood Dr | Neosho, MO 64850-3110 |
Branch Office | 1625 Eastwind Dr | Muskegon, MI 49444-7837 |
Branch Office | 25368 State Highway 39 | Shell Knob, MO 65747 |
Branch Office | 991 W Broadway Ave | Muskegon, MI 49441 |