Service 1 Federal Credit Union

Overview / Commentary
1075 E. Sherman Avenue
Muskegon, MI 49444

Service 1 Federal Credit Union is headquartered in Norton Shores and is the 78th largest credit union in the state of Michigan. It is also the 1,271st largest credit union in the nation. It was established in 1940 and as of June of 2023, it had grown to 50 employees and 21,791 members at 6 locations. Service 1 Federal Credit Union 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

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 Grade Components

NCUA #4038
Year Chartered1940
Primary Regulator
Profit Margin
Return on Assets - YTD1.03%
Return on Equity - YTD7.08%
Annual Interest Income$3.9MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$197.6MM$192.9MM
LoansQ2 2023vs Q2 2022$138.3MM$124.8MM
DepositsQ2 2023vs Q2 2022$168.0MM$165.4MM
Equity CapitalQ2 2023vs Q2 2022$28.7MM$27.1MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$399.00K
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$548.00K$226.00K
Real Estate OwnedQ2 2023vs Q2 2022$0$0

Rates for Service 1 Federal Credit Union are currently being reviewed.


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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