Question 1

What is Service 1st Credit Union (S1CU)?

Accepted Answer

Service 1st Credit Union (S1CU) is a community-based federal credit union headquartered in Greenville, Texas. With approximately $71.4 million in total assets and serving over 4,600 members, the credit union has deep roots in the local defense and manufacturing sectors.

Originally established to serve employees of E-Systems (now L3Harris Communications Inc.), S1CU has expanded its field of membership to include residents and workers throughout Hunt County and Hopkins County, Texas. The credit union operates with a strong emphasis on providing personalized financial services to its local community.

Question 2

When was Service 1st Credit Union (S1CU) founded?

Accepted Answer

Service 1st Credit Union was founded to serve employees of E-Systems, a major defense contractor based in Greenville, Texas. The credit union has been serving the community for over 60 years, according to information on its website.

E-Systems was a prominent technology and defense company that operated facilities in Greenville beginning in the 1960s, providing specialized electronics and aircraft maintenance services. The company later became Raytheon Systems and is now part of L3Harris Communications Inc.

Question 3

Where is Service 1st Credit Union (S1CU) headquartered?

Accepted Answer

Service 1st Credit Union is headquartered at 1 Avenue D in Greenville, Texas. The main office includes both lobby and drive-through services, with operations managed from a mailing address at P.O. Box 8155, Greenville, Texas 75404.

Greenville is the county seat of Hunt County, located approximately 50 miles northeast of Dallas in northeastern Texas.

Question 4

Where does Service 1st Credit Union (S1CU) operate?

Accepted Answer

Service 1st Credit Union operates primarily in northeastern Texas, serving members throughout Hunt County and Hopkins County. The credit union maintains its main branch in Greenville and operates three credit union-owned ATMs in the Greenville area.

Membership is available to employees of L3Harris Communications Inc., employees of Flowserve in Sulphur Springs, any person residing or working within Hunt County or Hopkins County, retirees from eligible employers, and family members of these groups. The credit union follows a "once a member, always a member" policy, ensuring members retain their membership regardless of employment or residence changes.

Question 5

What services does Service 1st Credit Union (S1CU) offer?

Accepted Answer

Service 1st Credit Union provides a comprehensive range of financial services including:

Deposit Accounts: Share (savings) accounts, share draft (checking) accounts with Advantage and Classic options, IRA accounts, and share certificates.

Loan Products: Auto loans with competitive rates, personal loans, and various consumer lending options. The credit union emphasizes its low-rate auto loans and has been providing them to the community for over 60 years.

Card Services: QwikCash ATM cards, debit cards, MasterCard credit cards (both regular and gold options), gift cards, and MasterCard cash advances.

Convenience Services: Virtual Branch online banking, direct deposit and payroll deductions, e-statements, wire transfers, night depository, drive-through service, and an audio response system called "Sidney" for 24/7 account access.

Additional Services: Notary service, cashier's checks, savings bond redemption, and overdraft protection.

Question 6

What makes Service 1st Credit Union (S1CU) unique?

Accepted Answer

Service 1st Credit Union distinguishes itself through its deep connection to the defense and manufacturing sectors in northeastern Texas. Its original mission to serve E-Systems employees has evolved into a broader community charter while maintaining strong ties to L3Harris Communications, one of the major employers in the region.

The credit union has expanded its membership through strategic partnerships, including a merger with Nordstrom Sulphur Springs Federal Credit Union, which brought Flowserve employees into the membership base. This growth reflects S1CU's commitment to serving the industrial workforce in Hunt and Hopkins Counties.

With over six decades of service, S1CU emphasizes local decision-making and personalized member service. The credit union operates with a volunteer Board of Directors elected from the membership, ensuring that members have direct input into the institution's governance and direction.

Question 7

What type of financial institution is Service 1st Credit Union (S1CU)?

Accepted Answer

Service 1st Credit Union is a federal credit union chartered under NCUA Charter Number 67645. As a federally chartered institution, S1CU is regulated by the National Credit Union Administration (NCUA) and operates under NCUA Region 2.

Federal credit unions are member-owned, not-for-profit financial cooperatives. Each member has equal ownership and one vote in credit union matters, regardless of their account balance. S1CU's cooperative structure means that profits are returned to members through competitive rates on loans and deposits, lower fees, and enhanced services rather than being distributed to external shareholders.

The credit union maintains federal deposit insurance through the National Credit Union Share Insurance Fund (NCUSIF), which protects member deposits up to $250,000 per depositor.

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About Service 1st Credit Union (S1CU) in the United States