News & Updates

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

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.

Discover why Service One Credit Union stands out from traditional banks. Learn about our member-owned model, competitive rates, community impact, and personalized service that helps you achieve long-term financial success. Join today!

Discover exciting news in the latest Service One Credit Union newsletter! Learn about the new, lower Par Value amount, relive the grand opening of our Bypass branch, and meet the featured artist gracing our Community Meeting Room. Plus, celebrate with us as our Glasgow Branch claims the Best of Barren's Best Credit Union award! Don't miss out on these and more updates – check out the Q3 newsletter today!

Joining a credit union can be one of the best financial decisions you may ever make in your life. Besides the lower loan rates and community support, becoming a member of a credit union has many benefits.

The first step to joining a credit union is to understand that you will need to deposit a minimum amount of money that will act like a “membership investment”, often called either a “Share Account” or “Par Value”.

Service One Credit Union kicks off 2024 with exciting news in its Q1 newsletter! They welcome their new President and highlight their Dollars & Scholars program. Need a new checking account? They have options to fit your needs. Plus, the newsletter showcases their commitment to the community through various initiatives. Learn more about what Service One CU is doing to serve you better.

Exciting news for Bowling Green residents! Service One Credit Union's Q2 2024 newsletter is out, featuring the grand opening of their new Bypass branch. Looking to upgrade your plastic? They've also unveiled a new credit card option. Plus, the newsletter recognizes seven associates for their recent promotions. Thinking about your finances? They may also have info on FREE Financial Counselors (details inside!). Learn more about Service One CU's latest offerings and how they can serve you better in Bowling Green, KY.

It’s that time of year again when jack-o’-lanterns leer into the dark night and cobwebby skeletons hang from every bush. Halloween is great fun for kids and kids at heart. But, if you’re the one left paying for all those costumes, decor, and candy, you may find the only scare you’re getting from Halloween this year is fear of the credit card bill’s arrival.

You and debt are so over. You’ve just about had it with those endless piles of credit card bills and those hideous numbers that never seem to get any lower. It’s time to kiss that debt goodbye!

In today’s sizzling housing market, purchasing a manufactured or mobile home can be a great way to find an affordable place to call home. However, you’ll likely need a way to fund this sizable purchase. Although smaller than a typical home loan, a loan for covering a manufactured or mobile home is a big deal, so you’ll want to choose your lender carefully. Unfortunately, most large lenders and banks offer little flexibility in terms, conditions, and rates when it comes to financing manufactured or mobile homes. A credit union, on the other hand, can be a great way to cover the cost of one of these homes.