Service First Federal Credit Union

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

3901 East 10th Street, Sioux Falls, SD 57103

Website

(605) 336-1047

Data Source: NCUA, December 31, 2016


Service First Federal Credit Union was founded in 1934. Headquartered in Sioux Falls, South Dakota, Service First 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 First 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 First Federal Credit Union services 16,242 members through its 4 offices and branches and 56 full-time and 4 part-time employees. It has $152,066,505 of total assets and $10,499,546 of net worth. Based on its asset size and net worth ratio, Service First Federal Credit Union is classified as a Well Capitalized medium large credit union.

Service First 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 First Federal Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Service First 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 South Dakota and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of South Dakota
Median of USA
Checking
0.0000
0.0000
0.0000
Savings
0.0500
0.1000
0.1200
Money Market
0.1000
0.1500
0.2500
Certificate Deplit
0.3200
0.5000
0.5800
IRA
0.2500
0.6000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of South Dakota
National Median Rates
Credit Cards
n/a
10.5000
9.9900
Unsecured Line of Credits
10.9800
11.1100
10.9500
Short-term Small Amount
n/a
18.0000
25.0000
Student Loans
n/a
6.8250
6.0200
New Car Loans
4.7400
3.4400
3.3300
Used Car Loans
4.2500
4.7850
4.5000
1st Mortgage Real Estates
4.6900
4.3500
4.2500
Other Real Estates
6.2800
4.7500
4.7000

Service First 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 First Federal Credit Union.

Electronic Banking Service Offerings

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

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

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
Yes
Free Bill Pay
Yes
Financial Education
Yes
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
Yes
Student Scholarships
Yes
Insurance/Investment Sales
Yes
First Time Homebuyer Program
Yes
Mccook County
501 N Nebraska St
Salem, SD 57058
Phone:605-425-2143

Morrell Branch
1300 N Morrell Ave
Sioux Falls, SD 57103-0158
Phone:605-336-3775

Service First Federal Credit Union
Main Office

3901 E 10th St
Sioux Falls, SD 57103-2133
Phone:605-336-1047

Southwest Branch
3600 S Kiwanis Ave
Sioux Falls, SD 57105
Phone:605-357-8085

(605) 336-6529

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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