Service 1st Federal Credit Union

Service 1st Federal Credit Union

Member-owned, not-for-profit financial institution

Overview

Service 1st Federal Credit Union is a not-for-profit financial cooperative with twelve Pennsylvania branches. It offers typical banking services like checking, savings, CDs, and loans, including auto loans and mortgages. Members are owners with an elected board, and earnings go back to members as lower loan rates, lower fees, and higher savings yields. Its goal is to strengthen members' financial lives and the local community by providing affordable products and helpful financial guidance.

About Service 1st Federal Credit Union

Simplify's Rating
Why Service 1st Federal Credit Union is rated
C
Rated C on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Financial Services

Company Size

51-200

Company Stage

N/A

Total Funding

N/A

Headquarters

Danville, Illinois

Founded

1975

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Simplify's Take

What believers are saying

  • Danville, Muncy, and other branch offices support localized member acquisition.
  • Cross-referrals can deepen relationships across deposits, lending, and retirement planning.
  • CCUFC-trained staff can improve financial counseling and member retention.

What critics are saying

  • LPL-affiliated advisors expose Service 1st to suitability and fiduciary complaints.
  • A small advisory team creates key-person risk if one advisor departs.
  • Regional branches face heavy competition from larger banks and credit unions.

What makes Service 1st Federal Credit Union unique

  • Service 1st's Retirement & Investment Center is embedded inside the credit union, not off-site.
  • Its advisory bench includes Jeffrey McKinnon, Ed Moyer, Matt Defalco, and Matt Gardill.
  • The center offers retirement, insurance, investment, and 401(k) services to members.

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Benefits

Hybrid Work Options

Conference Attendance Budget

Training Programs

Company News

Service 1st Federal Credit Union
Apr 28th, 2023
Service 1st Retirement & Investment Center Welcomes Culver and Announces Defalco as Financial Advis | Service 1st

Josh Culver joined the Service 1st Federal Credit Union team four and a half years ago as a Member Service Representative at the credit union’s Shamokin Dam and Sunbury offices.

Inner Lakes Federal Credit Union
Jan 7th, 2023
News & Information

Innerlakesfcu has partnered with Member Business Financial Services (MBFS) to offer these business loans to its members.

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