Sep, 30, 2025 — SERVICE ONE CREDIT UNION is a federally insured state chartered credit union headquartered in BOWLING GREEN, KY with 6 branch locations and about $272.04 million in total assets. Opened 63 years ago in 1963, SERVICE ONE CREDIT UNION has about 17,301 members and employs 68 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SERVICE ONE CREDIT UNION |
|---|---|
| Address: (Main Office) | 1609 Campbell Ln BOWLING GREEN, KY 42104 |
| Phone: | (270) 796-8500 |
| Fax: | (270) 796-9184 |
| Website: | https://www.socu.com |
| Branches: | 6 branch locations |
| Members: | 17,301 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62484 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $272,043,307 |
| CEO/Manager: | Justin A Morris |
| Chairperson: | J. Pat Stewart |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,853,675 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 128,439,401 |
| Unsecured Loans | 39,655,229 |
| Other Loans | 39,441,603 |
| TOTAL LOANS | 209,857,450 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,430,699 |
| Land And Building | 12,702,299 |
| Other Fixed Assets | 1,515,284 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,186,301 |
| All Other Assets | 0 |
| TOTAL ASSETS | 272,043,307 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 9,441 |
| Notes & Interest Payable | 5,000,000 |
| Accounts Payable & Other Liabilities | 2,661,733 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 62,528,724 |
| Regular shares | 66,197,207 |
| All Other Shares & Deposits | 112,129,179 |
| TOTAL SHARES & DEPOSITS | 240,855,111 |
| TOTAL LIABILITIES | 248,529,147 |
| Regular Reserve | 0 |
| Other Reserves | -366,236 |
| Undivided Earnings | 23,880,396 |
| TOTAL EQUITY | 23,514,160 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 272,043,307 |
| INCOME & EXPENSE | |
| Loan Income | 9,554,369 |
| Investment Income | 1,065,462 |
| Other Income | 1,429,582 |
| Total Employee Compensation & Benefits | 3,530,803 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 5,214,173 |
| Non-operating Income & (Expense) | 443,924 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 357,646 |
| Cost of Funds | 3,455,849 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,068,042 |
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