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Service 1 Federal Credit Union

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Service 1 Federal Credit Union Rates & Review July 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Service 1 Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: July 16, 2026

You can compare Service 1 Federal Credit Union rates to other rates in our database, including 12-month share certificate rates currently at 0.60%, 6-month share certificate rates at 3.68% and 3-month share certificate rates at 0.95%. Savings rates are at 0.05% and money market rates are at 1.01%. Mortgage rates on 30-year fixed loans are around 6.15%. All these rates can be compared to Service 1 Federal Credit Union rates. MonitorBankRates evaluates the financial stability of Service 1 Federal Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 1.88%. Rates were last updated on 07/16/2026.

Service 1 Federal Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Service 1 Federal Credit Union? Share your experience about Service 1 Federal Credit Union by leaving a review below, or read customer reviews before you decide to use Service 1 Federal Credit Union.

Verified Strong Use This Badge on Your Credit Union Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 99/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

1.88%

Excellent Lower than avg

Service 1 Federal Credit Union
Service 1 FCU

1075 E Sherman Blvd
Norton Shores, MI 49444 1807

https://www.service1fcu.com

Current Rate Availability

We do not have Service 1 Federal Credit Union rates right now, but we are constantly updating our database so check back often for updated rates.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Service 1 Federal Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Service 1 Federal Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Service 1 Federal Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Service 1 Federal Credit Union

Website https://www.service1fcu.com

Address 1075 E Sherman Blvd, Norton Shores, MI 49444 1807

Phone 231-739-5068

Fax 231-737-3522

President Susan Williams

CEO Kim Bourdo

Full-Time Employees 54

Part-Time Employees 11

Branch Locations 6

ATM Locations 5

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (99/100)

Texas Ratio

1.88%

Return on Assets (ROA)

0.8696%

Return on Equity (ROE)

5.0202%

Non-Performing Loans Ratio (NPL)

0.46%

Total Assets

200,247,856

Total Amount of Shares and Deposits

163,968,819

Total Shares and Deposits < 1 Year

159,989,392

Total Shares and Deposits 1 3 Years

2,804,080

Total Shares and Deposits > 3 Years

1,175,347

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

6,110,425

Total Uninsured Shares and Deposits > $250K (F+J)

6,110,425

Total Insured Shares and Deposits > $250K (item 17 less item K)

157,858,394

Total Interest Expense (Sum of items 6 8)

1,797,222

Share Certificates

2,051

Number of Accounts for Share Drafts

12,273

IRA KEOGH Accounts

593

Number of Accounts for Regular Shares

21,962

All other shares

4,729

Money Market Shares

1,359

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

15,448,346

Total Liabilities

165,656,046

Source: NCUA — Last Updated 09/30/2025

2026 MBR Health & Safety Badge

Service 1 Federal Credit Union earned the Verified Strong badge

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Customer Reviews

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Frequently Asked Questions About Service 1 Federal Credit Union

How many branches does Service 1 Federal Credit Union operate?

Service 1 Federal Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Service 1 Federal Credit Union?

Yes, to access services at Service 1 Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Service 1 Federal Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Service 1 Federal Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Service 1 Federal Credit Union offer online and mobile banking?

Most modern institutions like Service 1 Federal Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.service1fcu.com.