American credit union
Service Federal Credit Union (Service Credit Union) is the largest credit union in New Hampshire, and is chartered and regulated by the National Credit Union Administration (NCUA). As of Q4 2020, Service Credit Union has over $4.5 billion USD in assets, and more than 321,000 members worldwide.[1] Service Credit Union operates 37 branches in New Hampshire, Massachusetts, and North Dakota; and 14 branches serving American military personnel stationed in Germany.
Service Credit Union offers deposit accounts, including checking, savings, and money market; and lending products, including auto loans and credit cards.
History
Service Credit Union was founded in 1957 as Portsmouth Air Force Base Credit Union. The credit union opened its doors to serve airmen and their families at Pease Air National Guard Base.
Membership
Service Credit Union's field of membership includes:
- Active duty military, veterans, and their families
- Anyone who currently works (or worked) for the Department of Defense (DoD), as well as their families
- Members of Select Employee Groups (SEGs)
- Members of the American Consumer Council (ACC)
Products and Services
Service Credit Union offers a suite of financial products, including savings accounts, checking accounts, credit cards, and loans. The "Primary Savings" account with an initial deposit of $5.00 establishes a share of ownership in the credit union. The "Everyday Checking" account is free, has no minimum balance, and ATM fees are refunded for the Direct Deposit and Direct Deposit+ checking account tier.
Locations
As of 2019, Service Credit Union has 51 locations (35 in New Hampshire, 1 in Massachusetts, 1 in North Dakota, and 14 on US military installations throughout Germany). The credit union participates in the CO-OP Shared Branch, providing members access to their accounts at more than 6,000 branches throughout the United States.
Awards
Service Credit Union has received the following awards and recognitions:
- Best Credit Union for Military Individuals & Families by Investopedia[2]
- One of the best banks and credit unions for military members and their families by Business Insider[3]
US$4,579,299,647 (Q4 2020)