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Service 1 Federal Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
4.55%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
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 79th largest credit union in the state of Michigan. It is also the 1,269th largest credit union in the nation. It was established in 1940 and as of September of 2024, it had grown to 53 employees and 22,132 members at 6 locations. Service 1 Federal Credit Union's money market rates are 5X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Service 1 Federal Credit Union is open to select employee groups (SEGs) in our field of membership (FOM) in all states and branches except our Shell Knob, MO branch, whose FOM is anyone who lives, works, worships, or attends school in Barry County or Stone County, MO.
See current membership details

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Health
A

Data as of Q3 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #4038
Year Chartered1940
Employees53
Primary Regulator
Profit Margin
Return on Assets - YTD1.02%
Return on Equity - YTD6.29%
Annual Interest Income$7.3MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$199.4MM$193.8MM
LoansQ3 2024vs Q3 2023$145.1MM$140.7MM
DepositsQ3 2024vs Q3 2023$166.2MM$163.2MM
Equity CapitalQ3 2024vs Q3 2023$32.3MM$29.4MM
Loan Loss AllowanceQ3 2024vs Q3 2023$645K$715K
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$658K$786K
Real Estate OwnedQ3 2024vs Q3 2023$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
3.80%
Our Rating
4.2  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
4.50%
Our Rating
3.5  / 5
Jenius Bank
Jenius Savings Account
See Offer
Sponsored Note: FDIC Insured. No fees or minimums. 24/7 U.S-based support.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
4.46%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 1/25/2025
4.55%
Our Rating
4.2  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
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%*$0$25kKasasa Saver
OTHER TIERS: 0.05% → $25k+

Service 1 Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*$100k*-Money Management Account
OTHER TIERS: 1.00% → $2k - $20k | 1.25% → $20k - $50k | 1.75% → $50k - $100k

Service 1 Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.25%*$0$10kKasasa Cash Checking
OTHER TIERS: 0.05% → $10k+

Service 1 Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$500-6 Month CD
4.00%$100-6 Month Youth CD
3.75%$500-12 Month CD
3.75%$100-12 Month Youth CD
3.50%$500-18 Month CD
3.25%$500-24 Month CD
3.25%$500-30 Month CD
3.25%$500-36 Month CD
3.25%$500-48 Month CD
3.25%$500-60 Month CD
3.25%$100-24 Month Youth CD

Service 1 Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.75%$500-12 Month IRA
3.50%$500-18 Month IRA
3.25%$500-24 Month IRA
3.25%$500-30 Month IRA
3.25%$500-36 Month IRA
3.25%$500-48 Month IRA
3.25%$500-60 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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