Service Credit Union Rolls Out Savings Program

Service Credit Union recently revised its ATM surcharge and fee refund program to include any member with direct deposit into Service Credit Union checking account and maintains a positive balance in all their accounts at the credit union.

With this new feature, members can save more than $800 annually in ATM surcharges and fees and Visa ISA fees, totaling $2.5 million annually for the entire Service Credit Union membership.

Any ATM surcharge from other financial institutions will be refunded up to $20 a month. In addition, Service Credit Union increased the number of free withdrawals from non-SCU ATMs from 10 to 20 per month. For those traveling abroad, Service Credit Union also rebates Visa ISA (International Service Assessment) fees on debit and credit cards combined up to $20 per month.

“Anticipating and serving the financial needs of our member remains at the core of each of our products and services,” says Gordon Simmons, President/CEO of Service Credit Union. “It is obvious that consumers do not want to pay fees. With this new checking account feature, our members will be rebated for fees other financial institutions charge.”

Members do not need to provide any ATM receipts or paperwork, rebates are applied automatically. Refunds are applied to the member’s account the first business day of the following month.

“We take pride in giving back to our membership, not just with lower loan rates and higher deposit rates, but with surcharge-free ATMs, free ATMs and free Visa ISAs,” added Simmons. 

Service Credit Union is a full service financial institution, offering a wide range of financial products to its members.  With 38 branch locations including two staffed 24/7 contact centers, and full internet banking services, Service Credit Union serves anyone who lives or works in New Hampshire (excluding Coos County), 4 towns in Cape Cod, MA., and all branches of the U.S. Military and Department of Defense employees and their families. With over $1.9 billion in assets, Service Credit Union has 21 branches in New Hampshire, one in Massachusetts, and 16 branches on U.S. military bases in Germany.

Submitted by Lori Holmes, marketing manager, Service Credit Union, Portsmouth