1934
The employees of John Morrell got together to form the John Morrell Employees Federal Credit Union, to offer a better and more affordable banking option.
History
Our History
Service First’s history began like most credit unions: with our members. Back in the early stages of America’s financial system, banks were only accessible to the upper class. People began joining forces to create their own financial institutions. Credit unions were started by people, for people. They were established to provide affordable financial services to everyone.
In 1934, the employees of John Morrell got together to form the John Morrell Employees Federal Credit Union, to offer a better and more affordable banking option.
It all started with a small office within the confines of the John Morrell Meat Processing plant, and soon the credit union began to blossom. In 1969, they knew it would be time for their own space, so they moved into their own building.
Over the next three decades, other local credit unions merged with John Morrell FCU, including South Dakota Central in 1983, Zip Employees in 1984 and McCook County FCU in 1996.
Since it was no longer just John Morrell employees that were members, it was time for a name change. Providing outstanding service to members was a core value of the credit union, and thus Service First Federal Credit Union was created.
Now, after ninety years, over 20,000 members and one name change, our humble beginnings have flourished into the proud legacy that Service First still upholds today. As a member of service first, you are a part of a legacy of people helping people.
1969
The first John Morrell FCU branch is constructed and all credit union operations were moved out of the plant and into the new building.
1983 and 1984
John Morrell FCU merges with South Dakota Central in 1983 and Zip Employees in 1984.
1988
A new building was constructed to serve as the Main branch.
1993
Name is changed to Service First Federal Credit Union after receiving a Community Charter.
1996
Service First FCU merges with McCook County FCU in 1996.
2001
Service First FCU opens a third branch in Sioux Falls.
2024
Service First FCU celebrates 90 years of service.
