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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 80th largest credit union in the state of Michigan. It is also the 1,291st largest credit union in the nation. It was established in 1940 and as of December of 2021, it had grown to 44 employees and 21,876 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

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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.

2


Health
A+

Data as of Q4 2021

Learn why bank health matters

Health Grade Components

Overall
NCUA #4038
Year Chartered1940
Employees44
Primary Regulator
Profit Margin
Return on Assets - YTD0.91%
Return on Equity - YTD6.42%
Annual Interest Income$6.1MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$186.1MM$171.1MM
LoansQ4 2021vs Q4 2020$119.5MM$111.3MM
DepositsQ4 2021vs Q4 2020$159.0MM$145.2MM
Equity CapitalQ4 2021vs Q4 2020$26.3MM$24.7MM
Loan Loss AllowanceQ4 2021vs Q4 2020$528.00K$589.00K
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$213.00K$540.00K
Real Estate OwnedQ4 2021vs Q4 2020$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%*-$25kKasasa Saver
OTHER TIERS: 0.05% → $25k+

Service 1 Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$50k*-Money Management Account
OTHER TIERS: 0.25% → $2k - $20k | 0.35% → $20k - $50k

Service 1 Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.25%*-$10kKasasa Cash Checking
OTHER TIERS: 0.05% → $10k+

Service 1 Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%$500-60 Month CD
1.25%$500-48 Month CD
1.10%$500-36 Month CD
1.00%$500-24 Month CD
1.00%$500-30 Month CD
0.90%$500-12 Month CD
0.90%$500-18 Month CD
0.75%$500-6 Month CD

Service 1 Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%$500-60 Month IRA
1.25%$500-48 Month IRA
1.00%$500-30 Month IRA
1.00%$500-36 Month IRA
0.90%$500-18 Month IRA
0.90%$500-24 Month IRA
0.75%$500-12 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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