0In 1962, the employees of the Yankton State Hospital organized and chartered the Yankton State Hospital Employees Federal Credit Union. The small branch has since been renamed to Services Center Federal Credit Union and has grown into three branch locations with over 7,700 members and $70 million in assets. Services Center serves six counties between South Dakota and Nebraska.
As a not-for-profit, member-owned cooperative, we return profits to our members through financial education, reinvesting in the community, low-interest rate loans, and higher dividends.
To radically impact the lives of our members and the communities we serve through financial education and services.
The 7 Co-operative Principles of Credit Unions
- Voluntary and Open Memberships
- Democratic Member Control
- Member Economic Participation
- Autonomy and Independence
- Education, Training, and Information
- Co-operation Among Co-operatives
- Concern for Community
Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account to help the government fight money laundering and funding of terrorism.