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

  • May 2026 Berwick expansion broadens footprint and captures new northeastern Pennsylvania households.
  • April 2026 annual meeting marked the 50th anniversary, reinforcing member trust and brand equity.
  • August 2026 Duck Derby raised $22,000 and a record 5,600 tickets, boosting community goodwill.

What critics are saying

  • Bloomsburg office closed until further notice since July 16, 2026, hurting local service.
  • Loyalsock ITM outages and Sunbury renovations disrupt access, exposing fragile branch operations.
  • A dominant existential risk is regional saturation; Berwick adds expense without guaranteed deposit growth.

What makes Service 1st Federal Credit Union unique

  • Service 1st reached 13 locations with Berwick land purchased in May 2026.
  • Its retirement and investment center keeps $200 million in brokerage and advisory assets.
  • The refreshed website and digital banking tools strengthen member convenience and retention.

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Benefits

Hybrid Work Options

Conference Attendance Budget

Training Programs

Company News

Service 1
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.

Recently Posted Jobs

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