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 78th largest credit union in the state of Michigan. It is also the 1,275th largest credit union in the nation. It was established in 1940 and as of June of 2020, it had grown to 38 employees and 21,773 members at 6 locations. Service 1 Federal Credit Union has 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
A+

Health Grade Components

Overall
NCUA #4038
Year Chartered1940
Employees38
Primary Regulator
Profit Margin
Return on Assets - YTD0.52%
Return on Equity - YTD3.51%
Annual Interest Income$3.0MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$168.5MM$126.9MM
LoansQ2 2020vs Q2 2019$111.1MM$96.4MM
DepositsQ2 2020vs Q2 2019$143.4MM$103.8MM
Equity CapitalQ2 2020vs Q2 2019$24.1MM$22.0MM
Loan Loss AllowanceQ2 2020vs Q2 2019$589.00K$279.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$359.00K$462.00K
Real Estate OwnedQ2 2020vs Q2 2019$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
1.01%*-$25kKasasa Saver
OTHER TIERS: 0.25% $25k+

Service 1 Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$50k*-Money Market Account
OTHER TIERS: 0.25% $2k - $20k | 0.30% $20k - $50k

Service 1 Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.25%*-$10kKasasa Cash
OTHER TIERS: 0.25% $10k+

Service 1 Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%$500-60 Month CD
0.75%$500-48 Month CD
0.65%$500-36 Month CD
0.55%$500-24 Month CD
0.55%$500-30 Month CD
0.50%$500-12 Month CD
0.50%$500-18 Month Special CD
0.40%$500-6 Month CD

Service 1 Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%$500-60 Month IRA
0.75%$500-48 Month IRA
0.65%$500-36 Month IRA
0.55%$500-24 Month IRA
0.55%$500-30 Month IRA
0.50%$500-12 Month IRA
0.50%$500-18 Month Special 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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