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. 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
Pease Air National Guard Base is a New Hampshire Air National Guard base located at Portsmouth International Airport at Pease in New Hampshire. It occupies a portion of what was once Pease Air Force Base, a former Strategic Air Command facility ...
.
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
A savings account is a bank account at a retail bank. Common features include a limited number of withdrawals, a lack of cheque and linked debit card facilities, limited transfer options and the inability to be overdrawn. Traditionally, trans ...
,
checking accounts,
credit cards
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the o ...
, 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''
* One of the best banks and credit unions for military members and their families by ''Business Insider''
References
{{Reflist
Credit unions based in New Hampshire
Companies based in Rockingham County, New Hampshire
Companies based in Portsmouth, New Hampshire
American companies established in 1957
Banks established in 1957
1957 establishments in New Hampshire