topic Re: Service Credit Union Mebership in Personal Finance

Service Credit Union membership

Anonymous — Sat, 01 Feb 2020 19:39:00 GMT

I was looking at Service CU (https://servicecu.org/) because they have a Euro transfer service that's possibly cheaper than through a bank. However, they say: "Service Credit Union membership is open to those living or working in the state of New Hampshire or the Falmouth, MA area (defined as Falmouth, Bourne, Mashpee and Sandwich, MA) and their families. Also eligible are active duty military, veterans and their families, and those who are working (or worked) for the Department of Defense, as well as their families."

Does anybody know if "families" is immediate family? Both my grandfathers served, but neither of my parents did.

Re: Service Credit Union membership

Anonymous — Sat, 01 Feb 2020 22:57:35 GMT

I would call and ask them. I went through the start of the process to join and it just says family there as well. My dad is a vet so I'm automatically eligible, thanks for sharing. Another potential CU for the future.

Re: Service Credit Union membership

SouthJamaica — Sun, 02 Feb 2020 16:25:31 GMT

@Anonymous wrote:
I was looking at Service CU (https://servicecu.org/) because they have a Euro transfer service that's possibly cheaper than through a bank. However, they say: "Service Credit Union membership is open to those living or working in the state of New Hampshire or the Falmouth, MA area (defined as Falmouth, Bourne, Mashpee and Sandwich, MA) and their families. Also eligible are active duty military, veterans and their families, and those who are working (or worked) for the Department of Defense, as well as their families."

Does anybody know if "families" is immediate family? Both my grandfathers served, but neither of my parents did.

I was able to join based on my late father's service.

Re: Service Credit Union membership

AverageJoesCredit — Mon, 03 Feb 2020 14:50:42 GMT

So far, everything submitted, looks like sp , and uses Chex. Ill know in a day or 2 if im approved for membership.

Re: Service Credit Union membership

AverageJoesCredit — Mon, 03 Feb 2020 21:22:23 GMT

Approved, very simple process so far.

Re: Service Credit Union membership

AllZero — Mon, 03 Feb 2020 21:36:27 GMT

@AverageJoesCredit wrote:
Approved, very simple process so far.

Congratulations on your membership!

Re: Service Credit Union membership

AverageJoesCredit — Mon, 03 Feb 2020 21:44:28 GMT

Thanks, figured id try it out , be good for dps here plus another CU is good to have.. might be another good pickup for Veterans

Re: Service Credit Union membership

WTL1 — Tue, 04 Feb 2020 20:33:02 GMT

As you mentioned you were interested in joining this CU because of low transfer fees, I'll just mention that I have used Transferwise in lieu of wire transfer from my bank. Several times over several years, always prompt payment at the most current exchange rate, and the fee is 1/4 of what Chase gets. Highly recommended.

Re: Service Credit Union membership

snickerpedia — Fri, 24 Apr 2020 16:22:27 GMT

Anyone apply for any credit products with SCU? Data points to share??😋

Re: Service Credit Union membership

Gmood1 — Fri, 24 Apr 2020 18:48:50 GMT

@AverageJoesCredit

Just signed up for these guys today. I want to take advantage of those savings rates. And also grow up and be like you one day.

My Chex report is in flames!!!!

Re: Service Credit Union membership

AllZero — Fri, 24 Apr 2020 19:03:50 GMT

Savings account 5% APY up to $500. Must resist.

Re: Service Credit Union membership

snickerpedia — Fri, 24 Apr 2020 23:33:44 GMT

Ooops just got my welcome later from scu - very easy process - satisfied so far!!

Re: Service Credit Union membership

AllZero — Fri, 24 Apr 2020 23:47:15 GMT

@snickerpedia wrote:
Ooops just got my welcome later from scu - very easy process - satisfied so far!!

Stop tempting us. Congratulations on your membership!

Re: Service Credit Union membership

Gmood1 — Sat, 25 Apr 2020 15:03:34 GMT

Welp, finalized the SCU account this morning. That was easy!! Linked a couple of bank accounts together and initialized the transfers.Planning to push $3K (Max it out) to the 3% Holiday club account, $500 to the youth club account at 5% and $500 to the savings account at 5%.

Got to get as many pennies out of my pennies as I can. lol

It's still better than leaving the money in a 1.5% high yield savings account.

This CU uses the same online interface as State Department credit union.

To keep accounts like this active and avoid that $50 service fee for inactivity. I'll set up auto drafts to pull or push the interest paid monthly, back to an external high yield savings account monthly.

Oh and also initially funded the account with my trusty Citi DC MC for the maximum they allowed.

Re: Service Credit Union membership

SouthJamaica — Mon, 27 Apr 2020 00:47:25 GMT

One of the good things about Service Credit Union is that it has 2 day early direct deposit.

Re: Service Credit Union membership

Credit_Master — Tue, 28 Apr 2020 14:20:31 GMT

If anyone else is looking to join this credit union I just found out via chat that I am eligible because my brother-in-law is currently in the Marine Corp. So it doesn't appear to be restricted to immediate family members.

Re: Service Credit Union membership

Gmood1 — Tue, 28 Apr 2020 21:14:48 GMT

Boy, their ACH transfers are fast!!

Service Credit Union and USAA must be joined at the hip!!😂

I initialized a ACH this morning.

It was showing in the SCU account before 4 pm!

Re: Service Credit Union membership

M_Smart007 — Wed, 13 May 2020 06:20:02 GMT

@Gmood1 wrote:
Boy, their ACH transfers are fast!!
Service Credit Union and USAA must be joined at the hip!!😂

I initialized a ACH this morning.
It was showing in the SCU account before 4 pm!

@Gmood1

@AllZero

Just joined .. "Qualified"

Funded max with Citi DC MC

Easy process, no hiccups

Re: Service Credit Union membership

M_Smart007 — Wed, 13 May 2020 06:21:57 GMT

@AllZero wrote:
Savings account 5% APY up to $500. Must resist.

Re: Service Credit Union membership

AllZero — Wed, 13 May 2020 06:23:04 GMT

@M_Smart007. Congratulations on your membership! I guess I'll have to join in the near future. 😉