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Service 1 Federal Credit Union


Overview / Commentary
www.service1fcu.com
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 1,270th largest credit union in the nation. It was established in 1940 and as of June of 2024, it had grown to 52 employees and 22,064 members at 6 locations. Service 1 Federal Credit Union's CD rates are 5X the national average, and it 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.
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Health
A

Data as of Q2 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #4038
Year Chartered1940
Employees52
Primary Regulator
Profit Margin
Return on Assets - YTD1.02%
Return on Equity - YTD6.43%
Annual Interest Income$4.8MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$200.7MM$197.6MM
LoansQ2 2024vs Q2 2023$143.5MM$138.3MM
DepositsQ2 2024vs Q2 2023$167.8MM$168MM
Equity CapitalQ2 2024vs Q2 2023$31.7MM$28.7MM
Loan Loss AllowanceQ2 2024vs Q2 2023$642K$714K
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$874K$548K
Real Estate OwnedQ2 2024vs Q2 2023$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$0$25kKasasa Saver
OTHER TIERS: 0.05% → $25k+

Service 1 Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*$100k*-Money Management Account
OTHER TIERS: 1.00% → $2k - $20k | 1.25% → $20k - $50k | 1.75% → $50k - $100k

Service 1 Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.25%$0$10kKasasa Cash Checking

Service 1 Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.75%$500-6 Month CD
4.75%$100-6 Month Youth CD
4.50%$500-12 Month CD
4.50%$100-12 Month Youth CD
3.50%$500-60 Month CD
3.25%$500-30 Month CD
3.25%$500-36 Month CD
3.25%$500-48 Month CD
3.00%$500-18 Month CD
3.00%$500-24 Month CD
3.00%$100-24 Month Youth CD

Service 1 Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%$500-12 Month IRA
3.50%$500-60 Month IRA
3.25%$500-30 Month IRA
3.25%$500-36 Month IRA
3.25%$500-48 Month IRA
3.00%$500-18 Month IRA
3.00%$500-24 Month IRA
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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