Savings
Service 1 Federal Credit Union offers various types of savings and investment accounts. From our regular Share Savings account to the Christmas Clubs to Share Certificates, Service 1 Federal Credit Union can help you plan for your future.
Our members may choose the type of savings accounts they need from the following popular plans which earn high interest/dividends:
Regular Shares
For most members this account serves as the primary savings account. In addition to being an excellent vehicle for saving, it can also be used for transfers to other accounts, overdraft protection for your checking, and to secure "share loans", etc.
Checking
If you're tired of service fees and minimum balance requirements check out Service 1 Federal Credit Union's no fee checking account. No matter how many checks you write per month or how low your balance is, your monthly fee remains the same: $0.00
- No minimum balance requirements
- No monthly service charge
- No per check fees
- Pay bills online for FREE with It’s Me 247 Online Bill Pay
- Overdraft protection available to qualifying individuals
- Debit MasterCard
Debit Card
Now you can have access to your Share Draft Checking Account worldwide with your Debit MasterCard from Service 1 Federal Credit Union.
What is a Debit MasterCard?
Think of your Debit MasterCard as a plastic check. Like an ATM card, the Debit MasterCard is linked to your checking account, which means you can use it at ATMs around the world. Since the Debit card is linked to the MasterCard network, you can use it just like a credit card to make purchases, but instead of charging, your purchase is deducted automatically from your checking account, so there are no finance charges.
Is it easy to use?
With the Debit MasterCard, you don't have to carry large amounts of cash or a bulky checkbook. You can use it to make purchases at any retail location that accepts MasterCard or withdraw cash at any ATM displaying the MasterCard Logo.
How do I keep track of my transactions?
Each transaction you make with your debit card will appear on your checking account statement. Please list all transactions in your checking account register as this will help you to keep your account in balance.
What happens if my card is lost or stolen?
Notify the credit union immediately during regular business hours at (231) 739-5068 or after business hours and on the weekend at (800) 754-4128.
Money Management
You will love the way Service 1 Federal Credit Union's Money Management Account gives you the earning power your money deserves. This account offers higher returns for higher balances, with an unbeatable combination of convenience, flexibility and security.
Our Money Management Account offers all these advantages:
- Competitive dividends on balances of $2,000 or more*
- Higher returns for higher balances
- Federal deposit insurance up to $100,000
- The flexibility of up to 6 automatic withdrawals per month
Keep your money safe, keep your money growing and keep your money within reach – all at the same time.
Call Service 1 Federal Credit Union for more details today.
*If the account is closed before dividends are paid, the accrued dividends will not be paid. No dividends are earned for any day the account balance falls below $2,000.
Certificates
Certificate Accounts allow you to earn a higher rate of interest than the regular share accounts. Certificate terms are for 6, 12, 18, 24, 30, 36, 48 and 60 months with a minimum deposit of $500.00.
Youth and Teen Certificates are now better than ever! Certificates can be opened with a $100.00 minimum deposit and they offer the flexibility to add funds during the term. This is the perfect way to save money and watch it grow.
Club Accounts
- Vacation Account
- Enjoy your vacation even more by having it paid for in advance. There are no transaction limitations and you decide when to disburse the funds.
- Christmas Club Account
- Our Christmas Club Account is a great way for you to save for the holidays. Deposits to your Christmas Club can be made for any amount at any time. Distributions of funds from this account are done on October 31st of each year by transfer to your regular share account.
Just for Kids
Teaching children the value of a sound savings plan can sometimes be a challenge. Service 1 Federal Credit Union has developed the Astro Kids Savings Club to help you meet that challenge. If you are looking for a fun and engaging way to help teach your children or grandchildren the value of money and the importance of saving it - join the club!
Whether it's quarters from the tooth fairy, birthday cash, or an allowance, Astro Kids Savings Club is the perfect savings account for your child. Parents, grandparents, or guardians can help kids open their account with a deposit of $5.00 or more. Let the fun and learning begin!
Who Can Join?
The Astro's Kid's Savings Club is designed for children 12 years of age and younger.
What Are The Benefits?
When a child becomes a member of Astro's Kid's Savings Club, they receive a member kit with everything they need to help them manage their own money.
- Membership Card
- No club would be complete without proof of membership!
- Deposit Book
- Assists kids in accurately recording their deposits.
- No Minimum Balance
- Kids earn interest no matter their balance.
- Kids Share Certificates
- You only need $100 to open a Kid's CD, plus you can make deposits (min. of $25) whenever you feel like it!
Fun Things To Do and Learn
- Newsletter
- Packed with helpful saving tips, club updates, and much more - delivered directly to your child.
- Birthday Card
- Members receive a personal card from Astro on their birthday.
- Special Events
- Various fun parties throughout the year!
- Kids Web Page
- Games, events, and kids club news available at http://www.service1fcu.com/kids.php
Generation Next
We asked you to name your club at Service 1 Federal Credit Union and you came up with Generation Next.
As a member of Generation Next you get the following benefits:
- FREE Checking and Debit/ATM Card*
- No minimum balance required
- Visa Cards*
- 24/7 access to your accounts
- Loans available*
- Special Teen Certificates
- Quarterly Teen Newsletter
- Financial guidance
*Parental permission may be required.
Please call and talk to any member service representative at 1-800-879-9697 if you have any questions regarding the Generation Next Savings Account.
Your Savings Federally Insured To At Least $100,000.00 and Backed By The Full Faith and Credit of the United States Government.
Equal Housing Lender
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