Service 1 Federal Credit Union

Popular Accounts at this Credit Union

3.25%Reward Checking
1.01%Reward Savings
3.00%5-year CD
View all Service 1 Federal Credit Union rates »

Overview / Commentary
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 1,461st largest credit union in the nation. It was established in 1940 and as of December of 2018, it had grown to 35 employees and 19,129 members at 5 locations. Service 1 Federal Credit Union's money market rates are 3X 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 Grade Components

NCUA #4038
Year Chartered1940
Primary Regulator
Profit Margin
Return on Assets - YTD1.47%
Return on Equity - YTD8.05%
Annual Interest Income$4.7MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$118.2MM$113.5MM
LoansQ4 2018vs Q4 2017$88.6MM$76.2MM
DepositsQ4 2018vs Q4 2017$96.0MM$93.3MM
Equity CapitalQ4 2018vs Q4 2017$21.4MM$19.7MM
Loan Loss AllowanceQ4 2018vs Q4 2017$247.00K$274.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$281.00K$262.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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* 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

1.01%*-$25kKasasa Saver
OTHER TIERS: 0.25% $25k+

Service 1 Federal Credit Union Money Market Rates

1.20%*$50k*-Money Market Account
OTHER TIERS: 1.00% $2k - $20k | 1.10% $20k - $50k

Service 1 Federal Credit Union Checking Account Rates

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

Service 1 Federal Credit Union CD Rates

3.00%$500-60 Month CD
2.75%$500-48 Month CD
2.50%$500-36 Month CD
2.25%$500-24 Month CD
2.25%$500-30 Month CD
2.00%$500-12 Month CD
2.00%$500-18 Month CD
1.75%$500-6 Month CD

Service 1 Federal Credit Union IRA Rates

3.00%$500-60 Month IRA
2.75%$500-48 Month IRA
2.50%$500-36 Month IRA
2.25%$500-24 Month IRA
2.25%$500-30 Month IRA
2.00%$500-12 Month IRA
2.00%$500-18 Month IRA

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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