Service 1 Federal Credit Union

Rated star_ratedstar_ratedstar_ratedstar_normalstar_normal by Credit Guide
Review based on 12 criteria Rating: 3 out of 5

P.O Box 810, Muskegon, MI 49443-0810

Website

(231) 739-5068

Data Source: NCUA, December 31, 2016


Service 1 Federal Credit Union was founded in 1940. Headquartered in Muskegon, Michigan, Service 1 Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). Service 1 Federal Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Service 1 Federal Credit Union services 18,308 members through its 5 offices and branches and 31 full-time and 13 part-time employees. It has $110,531,282 of total assets and $18,261,528 of net worth. Based on its asset size and net worth ratio, Service 1 Federal Credit Union is classified as a Well Capitalized medium large credit union.

Service 1 Federal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Service 1 Federal Credit Union also provides an array of services to its members and local communities. Service 1 Federal Credit Union plans to extend its services by adding more branches or service centers in the next 12 month. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Service 1 Federal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Michigan and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Michigan
Median of USA
Checking
0.0000
0.0000
0.0000
Savings
0.1500
0.1000
0.1200
Money Market
0.3500
0.2500
0.2500
Certificate Deplit
1.9500
0.6000
0.5800
IRA
1.9500
0.5000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Michigan
National Median Rates
Credit Cards
9.9000
9.9600
9.9900
Unsecured Line of Credits
11.1200
11.0000
10.9500
Short-term Small Amount
n/a
18.0000
25.0000
Student Loans
n/a
6.2300
6.0200
New Car Loans
3.4900
2.9900
3.3300
Used Car Loans
3.4900
3.9900
4.5000
1st Mortgage Real Estates
3.1800
4.2500
4.2500
Other Real Estates
4.7700
4.5000
4.7000

Service 1 Federal Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Service 1 Federal Credit Union.

Electronic Banking Service Offerings

Membership Application
No
No
Share Account Transfers
Yes
New Loan Application
No
Share Draft Orders
Yes
No
New Share Account
Yes
Bill Payment
Yes
No
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
Yes
No
View Account History
Yes
No

As a community financial institution, Service 1 Federal Credit Union actively involves in local communities by prliding services such as financial counseling, and first tim home buyer programs.

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
Yes
Free Bill Pay
Yes
Financial Education
No
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
No
Student Scholarships
Yes
Insurance/Investment Sales
No
First Time Homebuyer Program
No
Service 1 Fcu
Main Office

1075 E Sherman Blvd
Norton Shores, MI 49444-1807
Phone:231-739-5068

Service 1 Fcu/lakes Mall
1625 Eastwind Dr
Muskegon, MI 49444-7837
Phone:231-799-0517

Service 1 Fcu/neosho
816 W Harmony St
Neosho, MO 64850-1627
Phone:417-451-7588

Table Rock Branch
24903 State Highway 39
Shell Knob, MO 65747
Phone:417-858-2500

(231) 737-3522

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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