Service 1 Federal Credit Union


Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
3.25%Reward CheckingKasasa Cash
1.01%Reward SavingsKasasa Saver
2.80%5-year CD60 Month CD

Overview / Commentary
231-739-5068
1075 E Sherman Blvd
Norton Shores, MI 49444-1807

Service 1 Federal Credit Union is headquartered in Norton Shores and is the 88th largest credit union in the state of Michigan. It is also the 1,464th largest credit union in the nation. It was established in 1940 and as of June of 2018, it had grown to 34 employees and 18,859 members at 5 locations. Service 1 Federal Credit Union's money market rates are 2X the national average, and it 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: LoveMyFCU | Apr 15, 2016

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

Health Grade Components

Overall
NCUA #4038
Year Chartered1940
Employees34
Primary Regulator
Profit Margin
Return on Assets - YTD1.43%
Return on Equity - YTD8.26%
Annual Interest Income$2.3MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$118.6MM$116.1MM
LoansQ2 2018vs Q2 2017$84.2MM$72.3MM
DepositsQ2 2018vs Q2 2017$97.3MM$96.7MM
Equity CapitalQ2 2018vs Q2 2017$20.6MM$18.9MM
Loan Loss AllowanceQ2 2018vs Q2 2017$277.00K$265.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$161.00K$243.00K
Real Estate OwnedQ2 2018vs Q2 2017$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
1.00%*$50k*-Money Market Account
OTHER TIERS: 0.70% $2k - $20k | 0.90% $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
2.80%$500-60 Month CD
2.60%$500-48 Month CD
2.40%$500-36 Month CD
2.02%$500-24 Month CD
2.02%$500-30 Month CD
1.77%$500-18 Month CD
1.76%$500-12 Month CD
1.36%$500-6 Month CD

Service 1 Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.80%$500-60 Month IRA
2.60%$500-48 Month IRA
2.40%$500-36 Month IRA
2.02%$500-24 Month IRA
2.02%$500-30 Month IRA
1.77%$500-18 Month IRA
1.76%$500-12 Month IRA
Locations


Service 1 Federal Credit Union Locations
Branch Office2051 S Broad StMobile, AL 36615-1286
Branch Office1075 E Sherman BlvdNorton Shores, MI 49444-1807
Branch Office1625 Eastwind DrMuskegon, MI 49444-7837
Branch Office816 W Harmony StNeosho, MO 64850-1627
Branch Office24903 State Highway 39Shell Knob, MO 65747

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