Service Credit Union

Overview / Commentary
3003 Lafayette Rd
Portsmouth, NH 03801

In 1957, Service Credit Union (SCU) was founded (as Portsmouth Air Force Base Credit Union) to serve the employees (both military and civilian) of Pease Air Force Base in Portsmouth, New Hampshire.

Today, SCU provides financial services to well over 200,000 members at more than 50 locations throughout New Hampshire, North Dakota, Massachusetts, and Germany.

In addition to loans and insurance, SCU offers a range of personal depository banking products, including checking, savings, money market, and Certificate of Deposit (CD) accounts, as well as IRA CDs. The money market accounts include varying rate tiers, depending upon the account balance. CD terms range from 3 months to 5 years. Additionally, SCU offers business checking, business savings, business money market, and business CD accounts.

Field of Membership Restrictions

Service Credit Union is open to active duty military and veterans, current/retired DoD employees, members of the American Consumer Council or the Financial Fitness Association, and members of any one of the over 300 select employer groups. Family members are also eligible to join.
See current membership details

Related Posts

Service Credit Union In New Hampshire Offering 5.25% On 5-Year CD, Easy Access - 8/30/2023

Service Credit Union in New Hampshire is offering 5.25% APY on a 60-month CD (5 years). Minimum to open is $25,000. New money required. They are posting that it s a “Special Limited-Time rate.” You can see it here: And their full rates list is at: This is an easy access credit union. Anyone can join as a member fo the American Consumer Council. You can get a lifetime membership in it for $15. (I know they used to have a one-year membership for $5, but I don’t see that at their Website now. But this membership can get you into many other CUs too, so the lifetime m

View all posts from:

9/27/19 - Service Credit Union's 18-Month Share Certificate Has Competitive Rate
11/23/18 - Service Credit Union Adds Black Friday 27-Month CD
8/17/18 - Service Credit Union Ups 15-Month CD Special
3/2/18 - Service Credit Union Boosts 5-Year Share Certificate
3/2/18 - It's Another 5-Year CD Earning 3.00% APY!
12/21/17 - Service Credit Union Adds 18-Month CD Special
9/5/17 - Service Credit Union Adds 30-Month CD Special
7/5/17 - Service CU Unveils 11-Month Certificate Special
5/2/17 - Service CU Rate Reduction On 5-Yr CD (2.60% APY no longer listed)
5/1/17 - 5-Yr, 2.60% APY CD May Still Be Available
3/31/17 - Service CU Celebrates 60 Years With 60-Month CD Special
12/6/16 - Service Credit Union Adds Two Short-Term Certificate Specials
12/6/16 - 20Month CD Special, 1.50% APY $1,000 Minimum
11/11/16 - 10% 3-Month CD Special BUT $1,000 Max At Service CU
2/16/16 - 11 Month CD 1.50% New Money
1/16/16 - Service Credit Union Has Three New, Very Competitive CDs
11/23/15 - Black Friday 3 Month CD Special 10% APY
11/11/14 - Great Deals for Military Members at Service Credit Union
11/4/14 - Service Credit Union's Black Friday Top Rate 15-month CD - Limited Time
11/2/14 - Service CU Black Friday Promo 2% 15Mo No Max
6/1/13 - Serivce Credit Union Offering 3 Month Member Internet Special Cd
11/5/12 - 10% 3-Month CD - $1K Max - Black Friday Special At Service Credit Union
5/18/12 - Checking and CD Deals at Service Credit Union - Limited Membership
11/22/11 - Service Credit Union's Black Friday Specials
11/26/10 - Cyber Monday $100 Checking Account Bonus At Service Credit Union
11/14/10 - 10% 3-Month CD ($1K Max) Black Friday Special At Service Credit Union In NH & MA
8/3/10 - CD Specials and Top CD Rates at Service Credit Union - Limited Membership
7/6/10 - CD Specials and World Wide ATM Rebates at Service Credit Union - Limited Membership
4/2/10 - Competitive CD Specials at Service Credit Union - Limited Membership
3/12/10 - 2.02% 11-Month CD Special at Service Credit Union - Limited Membership
2/22/10 - I See Service CU Is Offering A 9
2/14/10 - 2.15% 13-Month CD One-Day Special at Service Credit Union - Limited Membership
1/25/10 - 2.25% 19-Month CD & 2% 9-Month CD Continue at Service Credit Union - Limited Membership
1/4/10 - 2.25% 19-Month CD & 2% 9-Month CD Continues at Service Credit Union - Limited Membership
11/16/09 - 2.25% 19-Month CD & 2% 9-Month CD at Service Credit Union - Limited Membership
10/19/09 - 2.00% 9-Month CD at Service Credit Union - Limited Membership

One Of The Best CU's I've Been A Member Of.

I have had checking and savings accounts with Service for years. I've clicked on pre-approved re-finance auto buttons and saved money on 2 different auto loans. After hurricane Ian, my home owners insurance was dragging their feet and I needed to get a new roof on. I called Service Credit Union to close out a CD before maturity, they waved the early withdraw fee. They are everything I could hope for from a financial institution.

Pretty Satisfied!

Posted by: |

I didn't see many reviews from 2020, so I wanted to add my perspective. I discovered SCU when they opened their membership eligibility to anyone who joined the American Consumer Council. I decided to join after a lot of research of other CUs and found SCU met a lot of my financial and technology requirements.

Opening the account was very easy. I did a bit of research and selected 4 products to open: Savings (currently yielding 5% on $500, Holiday Club (currently yielding 3% on $3,000, Money Market (for the rest of my savings), and Checking (free ATM reimbursements with direct deposit).

I spent a long time researching credit unions in my area and those open nationwide. What I found was that SCU has one of the highest paying interest accounts without having to go through a lot of hoops (no need to use debit cards to get the higher rate) and they reimburse a certain amount of ATM fees with direct deposit. Additionally, SCU natively integrates with Zelle, which was important to me as I use this service a lot to pay back friends and family.

SCU participates in Shared Branching so I can go to a participating branch basically anywhere in the US.

Finally, the mobile app and online banking are both easy to use, intuitive, and I get notified via text and push notification anytime there is a deposit or withdrawal. You can't do everything on the mobile app (such as external transfers), but it's good enough for 99% of my needs.

A nice added bonus is that SCU will release your direct deposit 2 days early before your pay date.

Overall, I'm very satisfied with SCU. In summary:
(+) Deposit rates higher on average than other credit unions
(+) ATM reimbursements
(+) Shared Branch
(+) Zelle integration
(+) Mobile app/online banking
(+) External transfers
(-) 25 transaction limit per day on both credit and debit cards (discovered while trying to shop Christmas gifts, but no big deal as I can better plan next year)

10% Is Only For Deployed Military In Combat Zone

Posted by: |

I have no other info or opinion about the bank, just want to say that for DOD who are not deployed, their savings rate is 5% on 1st $500 and .5 above that.

Highly Disappointed

Posted by: |

Stay away from this bank! I was recommended to use this bank by a colleague at work that Service Credit Union really took good care of their customers. They couldn’t be more wrong.
At first everything was normal, I applied for membership and a credit card online and having a perfect 850 was approved. After I got the card, I wanted to apply for a small loan as well, as me and my wife are planning on fixing up the house this summer. So, after being approved for the loan, I was asked for some payroll documents and someone from the bank called me.
Now just so you know I have a very thick accent as my family, and I are from India. While on the phone the lady was very rude and treated me like I was some kind of criminal telling me my documents weren’t real. I offered to send them my bank statements showing the deposits in my account as real, but she refused.
Until they heard me on the phone, everything was going smoothly, but it’s amazing as soon I get on the phone, I am no longer good enough for this bank. Even though I have an MBA and I am the controller for a multimillion-dollar business with a six-figure income, suddenly, they shut my entire account down! I was highly embarrassed to say the least and really thought that I would never be treated like this in America, sadly I was wrong.
I am very disappointed and beyond embarrassed how this bank has treated me. Now, I don’t have any access to my accounts and my hard-earned money is stuck. I have no means to access them nor can pay the card.



Health Grade Components

NCUA #24921
Year Chartered1957
Primary Regulator
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD8.51%
Annual Interest Income$110.7MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$5.40B$5.18B
LoansQ2 2023vs Q2 2022$4.48B$3.92B
DepositsQ2 2023vs Q2 2022$4.62B$4.62B
Equity CapitalQ2 2023vs Q2 2022$563.0MM$519.5MM
Loan Loss AllowanceQ2 2023vs Q2 2022$27.9MM$19.4MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$15.1MM$7.2MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0

Rates for Service Credit Union are currently being reviewed.



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