Founded in 1957, Service Credit Union is a financial institution catering to active military members, veterans, Department of Defense employees, and select employer groups. With over 50 branches in New Hampshire, Massachusetts, North Dakota, and Germany, Service Credit Union offers a wide range of banking products to meet the diverse needs of its members.
What sets Service Credit Union apart is its commitment to providing high-quality personal deposit products that offer attractive rates and benefits. Let’s dive into the details and explore what Service Credit Union has to offer:
- Checking Accounts:
- Everyday Checking Account tiers: Basic, Direct Deposit, and Direct Deposit+
- Features include rewards on debit card purchases, mobile bill pay, early direct deposit, and loan discounts
- Dividend Checking Account for those seeking dividends on their balances
- Savings Accounts:
- Primary Savings, Youth, Military Savings, and other specialized accounts available
- Primary Savings offers an enticing 5.00% APY on balances up to $500
- Deployed Warrior Savings Account with a potential 10% APY for active duty members in combat zones
- Share Certificates:
- Similar to CDs, these accounts offer locked-in funds with guaranteed returns
- Service Credit Union provides various terms and APYs for share certificates
- Consider a share certificate for higher returns compared to traditional savings accounts
- Money Market Accounts:
- Ideal for those seeking higher returns without locking in funds like a share certificate
- Tiered interest rates based on deposited amount
- Check the minimum balance requirement to avoid monthly fees
While Service Credit Union offers competitive rates and fees compared to other financial institutions like Navy Federal Credit Union and USAA, it’s essential to evaluate your unique banking needs before deciding. By joining Service Credit Union, you gain access to a trusted and secure financial partner dedicated to meeting the needs of the military community.
To open an account, simply visit the Service Credit Union website, select the account that suits you, and follow the online application process. With robust security measures and NCUA insurance, your deposits are safe and protected.
In conclusion, Service Credit Union’s personalized approach to financial services, combined with its attractive rates and products, makes it a worthy option for those in the military community. Whether you’re looking for a free checking account, high-yield savings options, or competitive certificate rates, Service Credit Union has something for everyone.Visit their website to learn more and see if Service Credit Union is the right fit for your banking needs.
