Service Credit Union Review: Checking, Savings and Certificates

Alice HolbrookNovember 28, 2018

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Overall bank rating

Service Credit Union

    4.0

    NerdWallet rating 

    The bottom line:

    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.

     

    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.

    Pros

    • 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.

    Cons

    • Low rates on traditional savings.

    RATING 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, banking 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. The stars represent ratings from poor (one star) to excellent (five stars). Ratings are rounded to the nearest half-star.