News & Updates

Have you ever checked your credit score on a free credit monitoring tool and saw one number, but when you went to apply for a loan or credit card your score was actually an entirely different number? This is because there are different credit score model variants, but let's focus on the two most common models: the FICO Credit Score and the VantageScore. These scores are used to determine how likely you are to pay back money borrowed, or your “creditworthiness.”

Financial stress is a real and significant challenge for employees across all industries. This stress can lead to lower productivity, higher absenteeism, and increased healthcare costs for your organization. But what if there was a way to improve your employees' well-being while also boosting your business’s bottom line?

As parents, we wear many hats: chef, chauffeur, storyteller, and increasingly, financial educator. Teaching our children about money management, saving, and smart spending is crucial for their future success. But where do you start? The good news is, you don't have to navigate this journey alone. Service One Credit Union offers a wealth of resources designed specifically to support your family's financial wellness, from their very first piggy bank to planning for college and beyond.

Let's explore some of the keyways Service One Credit Union can be your family's financial partner:

Homeownership is one of the most significant investments many people make, and over time, that investment can grow in value. One of the best ways to tap into this value is through home equity. But what exactly can you do with home equity? From home improvements to consolidating debt, the possibilities are endless. In this guide, we'll explore various ways you can leverage your home equity to meet your financial goals.

Are you a homeowner looking for ways to leverage the value of your property? Understanding home equity (sometimes called a second mortgage) is key to unlocking financial opportunities. Whether you're considering home improvements, consolidating debt, or planning for retirement, knowing how to tap into your home equity can be a game-changer. In this post, we'll break down what home equity is, how to calculate it, and how you can use it wisely.

When it comes to your credit score, understanding the difference between hard and soft inquiries will give you more control over your finances. Learn the key differences between hard and soft inquiries, how they affect your credit score, when they are used, and tips to manage them responsibly.

Looking to improve your credit score? You're not alone. At Service One Credit Union, our FREE credit counseling services are designed to help you take control of your finances and improve your credit score.

Whether you're applying for a loan, renting an apartment, or even getting a new job, a strong credit score can open doors to better financial opportunities. As a Service One Credit Union (SOCU) member, you have access to valuable resources to help you improve and maintain a healthy credit score and save you money.

Financing a car is a big decision, and making the wrong move can cost you in the long run. At Service One Credit Union (SOCU), we want to help you make informed financial choices so you can drive away with confidence. Here are some common car loan mistakes and how to avoid them.

If you own a home and have built up some equity, you might have heard about Home Equity loans and Home Equity Lines of Credit (HELOCs). But what do they mean, and how are they different? Let’s break it down in a way that’s easy to understand.

Tax season is a busy time for everyone—including cybercriminals. These scammers are always on the lookout for ways to exploit unsuspecting taxpayers, and this year is no exception. Recently, a new phishing scam has emerged, targeting taxpayers with fake emails designed to install malware and steal sensitive information.

A Magical Christmas at Service One Credit Union

Get Ready for a Ho-Ho-Holiday Extravaganza!

Join us at Service One Credit Union's Bypass branch for a truly magical Christmas event!

When: December 13th, 2024

Time: 2:00 PM - 6:00 PM

Where: 103 State St., Bowling Green, KY 42101

We’re thrilled to spotlight local artist Jenn Stephens as our featured artist for November and December! Jenn, a 2003 graduate of Western Kentucky University, has spent over 20 years honing her craft as a Creative Director while nurturing a passionate fine art practice on the side. Her artwork has been showcased in several local exhibitions, including the US Bank Annual Art Show and an alumni exhibit at WKU’s Fine Arts Center.

At Service One Credit Union, your financial safety is our top priority. During Fraud Awareness Week, we want to empower you with the tools and knowledge to recognize and prevent fraud, keeping your hard-earned money secure.

Service One Credit Union gave $25,000 to the construction project and spoke briefly to News 40 about the check presented. Justin Morris, president of Service One, told us that the banking entity is about service to the community just as much as operating in the financial space. Click to learn more.