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 80th largest credit union in the state of Michigan. It is also the 1,278th largest credit union in the nation. It was established in 1940 and as of September of 2022, it had grown to 47 employees and 21,812 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
Employees47
Primary Regulator
Profit Margin
Return on Assets - YTD1.07%
Return on Equity - YTD7.5%
Annual Interest Income$4.7MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$193.0MM$187.2MM
LoansQ3 2022vs Q3 2021$132.1MM$120.4MM
DepositsQ3 2022vs Q3 2021$164.5MM$160.7MM
Equity CapitalQ3 2022vs Q3 2021$27.5MM$25.9MM
Loan Loss AllowanceQ3 2022vs Q3 2021$431.00K$591.00K
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$231.00K$123.00K
Real Estate OwnedQ3 2022vs Q3 2021$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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.