Charter 4038 · Muskegon, MI
Service 1 Federal Credit Union
Service 1 Federal Credit Union is a federally chartered credit union in Muskegon, Michigan, with $199 million in assets and 21,028 members as of June 30, 2026, according to the call report it filed with NCUA. Its net worth ratio was 18.56%, well above the 7% that NCUA's rules treat as well capitalized.
- Total assets
- $199 million
- -2.1% in a year
- Members
- 21,028
- -4.4% in a year
- Net worth ratio
- 18.56%
- Peer median 11.65%
- Loans 60+ days late
- 0.42%
- Peer median 0.70%
- Loans outstanding
- $140 million
- -4.2% in a year
- Shares and deposits
- $161 million
- -4.0% in a year
- Branches
- 5
- 60 employees
- Opened
- 1940
- Federal charter
How Service 1 Federal Credit Union compares
NCUA groups credit unions by size; Service 1 Federal Credit Union is in the group with $100 million to $500 million (1,061 credit unions). Its net worth ratio of 18.56% is higher than that group's median of 11.65%, and its share of loans 60 or more days past due, 0.42%, is lower than the group median of 0.70%. Loans fell 4.2% over the year to Q2 2026, against a group median of 2.9% growth.
By assets it ranks 82 of 169 credit unions headquartered in Michigan. See all Michigan credit unions.
Five quarters of figures
| Quarter | Assets | Members | Loans | Net worth ratio | 60+ days late |
|---|---|---|---|---|---|
| Q2 2026 | $199 million | 21,028 | $140 million | 18.56% | 0.42% |
| Q1 2026 | $197 million | 21,204 | $139 million | 18.31% | 0.44% |
| Q4 2025 | $195 million | 21,559 | $141 million | 18.13% | 0.50% |
| Q3 2025 | $200 million | 21,962 | $146 million | 17.32% | 0.46% |
| Q2 2025 | $203 million | 21,995 | $147 million | 16.74% | 0.32% |
Assets Members
Who can join
The field of membership is the group a credit union is allowed to serve: people who live or work in an area, employees of certain companies, members of an association, and their families. The credit union's own website has the exact rules. On its call report it estimates its field of membership at about 627,005 potential members. It holds NCUA's low-income designation, which lets it accept non-member deposits and raise secondary capital.
Credit unions that anyone in the US can join
Locations
NCUA's branch file lists 5 sites for Service 1 Federal Credit Union. The branch count in the figures above comes from its call report, which is filed separately, so the two can differ slightly.
- Service 1 FCU (main office)
1075 E Sherman Blvd, Norton Shores, MI 49444 - Service 1 FCU/Neosho
2975 Gardner Edgewood Dr, Neosho, MO 64850 - Service 1 FCU/Lakes Mall
1625 Eastwind Dr, Muskegon, MI 49444 - Service 1 FCU/Table Rock Branch
25368 State Highway 39, Shell Knob, MO 65747 - Service 1 FCU/SB Branch
991 W Broadway Ave, Muskegon, MI 49441
About these numbers
Figures come from the NCUA 5300 Call Report quarterly data for Q2 2026 (quarter ended June 30, 2026), which each credit union files itself. "60+ days late" is delinquent loans of two months or more divided by total loans. Peer medians are computed across every credit union in the same NCUA asset-size group. NCUA call report data · Methodology