Company Information

Get to know Service First Federal Credit Union

Originally chartered in 1975 as Sioux Valley and McKennan Hospitals Employees Federal Credit Union, the institution rebranded as Service First Federal Credit Union in 1999. It operates as a not-for-profit financial cooperative, meaning its profits are returned to members in the form of lower loan rates, higher savings rates, and fewer fees. The credit union's mission is to provide sound financial services to its member-owners. Membership is open to anyone who lives, works, worships, or attends school in Minnehaha, Lincoln, McCook, or Turner counties in South Dakota.

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Financial BankingPRIMARY
Financial Other Service

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Service First Federal Credit Union

United States

Founded in

1934 (92 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.