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Service Credit Union Review: Checking, Savings and Certificates

Nov. 28, 2018
Banking, CDs, Checking Accounts, Savings Accounts
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We adhere to strict standards of editorial integrity. Some of the products we feature are from our partners. Here’s how we make money.
4.5 NerdWallet rating

Where Service shines:

  • Multiple checking options with no monthly maintenance fee.
  • Great rates on share certificates.
  • Special programs for eligible military and government employees.
  • Participates in shared branching.

Where Service falls short:

  • Low rates on traditional savings.

Where Service shines:

  • Multiple checking options with no monthly maintenance fee.
  • Great rates on share certificates.
  • Special programs for eligible military and government employees.
  • Participates in shared branching.

Where Service falls short:

  • Low rates on traditional savings.

Where Service shines:

    • Multiple checking options with no monthly maintenance fee.
    • Great rates on share certificates.
    • Special programs for eligible military and government employees.
    • Participates in shared branching.

Where Service falls short:

  • Low rates on traditional savings.

 

The bottom line

Service Credit Union

at Service Credit Union,

Federally insured by the NCUA

Headquartered in New Hampshire, Service Credit Union offers a range of loans and insurance products, as well as multiple free checking accounts and competitive rates on certificates. Active duty military members, veterans and other government workers are the focus of many Service programs: The credit union guarantees income for those who aren’t paid on time and pays higher, promotional rates to active duty personnel.

Not all of Service’s rates are noteworthy: Its savings account’s rate isn’t much higher than what you’d often find at a traditional brick-and-mortar bank. And its membership criteria is limited: If you live in New Hampshire or near Falmouth, Massachusetts, are active duty or retired military, or work for the Department of Defense, or have a family member who qualifies, you can sign up. But the credit union does participate in shared branching, so if you qualify, you can easily access your account even when you’re far from home.

Best if: You’re a current or former member of the military who lives in New Hampshire; you’ll best be able to take advantage of Service’s perks.

» Want more options? See NerdWallet’s analysis of the best credit unions.


Ratings methodology

NerdWallet’s overall ratings for banks and credit unions are weighted averages of several categories: checking, savings, certificates of deposit or credit union share certificates, customer experience and overdraft fees.

Factors we consider, depending on the category, include rates and fees, ATM and branch access, account features and limits, user-facing technology, customer service and innovation.

Ratings are rounded to the nearest half-star.

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