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 1993.
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 eighty-five 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.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
The drum of the realization of the promise is beating, we are sweeping the road to the sky. Your joy is here today, what remains for tomorrow? The armies of the day have chased the army of the night...
NMLS 1795154