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Credit union, Portsmouth, NH
Service Credit Union, Portsmouth, NH
A credit union based in Portsmouth, NH. Its commercial book is led by non-owner-occupied CRE and multifamily. Public files show recent multifamily, 1-4 unit investor, SBA 7(a), SBA 504 and real-estate-secured commercial loans it made.
- Kind
- Credit union
- Data as of
- June 30, 2026
- Page last changed
- November 12, 2026
- Commercial book
- $724M
- NCUA 5300,
- Holds, not loans made
- Commercial loans made, H1 2026
- 4
- NCUA 5300,
- Real-estate-secured
- SBA loans, 36 months
- 29
- SBA FOIA,
- 7(a) and 504, net of cancelled
- Total assets
- $6.70B
- NCUA 5300,
Does it fit my deal?
The deal is read here and kept nowhere. Leave out names, income and credit scores.
How to reach them
Each line shows where it came from
- Phone
- 603-422-8300 From the NCUA record, June 30, 2026.
- Website
- www.servicecu.orgFrom the NCUA record, November 9, 2026.
- Commercial lending page
- servicecu.orgFrom the lender's website, retrieved November 11, 2026.
- Names it files under
- SERVICE; SERVICE FEDERAL CREDIT UNION; Service FCUNCUA 5300,
- Address
- 3003 Lafayette Rd, Portsmouth, NH 03801NCUA 5300,
- Regulator record
- NCUA profile
You generally must be a member of a credit union to borrow from it. Field of membership: Multiple common bond - primarily military. Designated low-income by NCUA.
Recently done
Recorded lending
Recorded lending. Two or more public files show loans this lender made.
What changed. Service Credit Union's C&I balance rose 141.5% to $34.1M in the quarter ended June 30, 2026. NCUA 5300,
| When | What the record shows | Source |
|---|---|---|
| Oct 2023 to Sep 2026 | SBA 7(a) approvals by processing method: 28 SBA Express.SBA ProcessingMethod field, net of cancellations. | SBA FOIA, |
| Jun 2025 to Jun 2026 | Construction and land development balance rose 13.2% to $61.1M in the year to June 30, 2026.Balances, not originations. Year over year from call reports. | NCUA 5300 |
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| 2025 | Hillsborough County, NH | Purchase, 5 to 24 units | $920K | 8% | 15 yr | 70% | HMDA 2025 |
| 2025 | Middlesex County, MA | Cash-out refinance, 25 to 49 units | $720K | 8% | 7 yr | 56% | HMDA 2025 |
| Apr 2025 | Massachusetts | SBA 7(a), Landscaping Services | $74K | 6% | 5 yr | SBA FOIA | |
| Jan 2025 | New Hampshire | SBA 7(a), Caterers | $20K | 9.5% | 10 yr | SBA FOIA | |
| 2024 | Middlesex County, MA | Purchase, 25 to 49 units | $16M | 9% | 3 yr | 73% | HMDA 2024 |
| 2024 | Merrimack County, NH | Purchase, 5 to 24 units | $4.2M | 6.42% | 10 yr | 56% | HMDA 2024 |
| 2024 | Merrimack County, NH | Purchase, 5 to 24 units | $4.2M | 6.42% | 10 yr | 56% | HMDA 2024 |
| 2024 | Merrimack County, NH | Purchase, 5 to 24 units | $4.2M | 6.42% | 10 yr | HMDA 2024 | |
| 2024 | Merrimack County, NH | Purchase, 5 to 24 units | $4.2M | 6.42% | 10 yr | HMDA 2024 | |
| 2024 | Merrimack County, NH | Purchase, 5 to 24 units | $4.2M | 6.42% | 10 yr | 56% | HMDA 2024 |
| 2024 | Merrimack County, NH | Purchase, 5 to 24 units | $4.2M | 6.42% | 10 yr | 56% | HMDA 2024 |
| 2024 | Merrimack County, NH | Purchase, 5 to 24 units | $4.2M | 6.42% | 10 yr | 61% | HMDA 2024 |
| 2024 | Merrimack County, NH | Purchase, 5 to 24 units | $4.2M | 6.42% | 10 yr | 56% | HMDA 2024 |
| 2024 | Kennebec County, ME | Cash-out refinance, 50 to 99 units | $3.4M | 6.99% | 15 yr | 35% | HMDA 2024 |
| 2024 | Grafton County, NH | Refinance, 100 to 149 units | $1.2M | 7.75% | 12 yr | 74% | HMDA 2024 |
| 2024 | Hillsborough County, NH | Refinance, 5 to 24 units | $700K | 7.35% | 15 yr | 75% | HMDA 2024 |
| Dec 2024 | New Hampshire | SBA 7(a), Landscaping Services | $100K | 8.75% | 7 yr | SBA FOIA | |
| Dec 2024 | New Hampshire | SBA 7(a), Exterminating and Pest Control Services | $50K | 8.75% | 7 yr | SBA FOIA | |
| Nov 2024 | New Hampshire | SBA 7(a), Plumbing, Heating, and Air-Conditioning Contractors | $57K | 6.25% | 6 yr | SBA FOIA | |
| Oct 2024 | New Hampshire | SBA 7(a), Plumbing, Heating, and Air-Conditioning Contractors | $80K | 6.5% | 5 yr | SBA FOIA | |
| Sep 2024 | New Hampshire | SBA 7(a), Roofing Contractors | $250K | 7.5% | 10 yr | SBA FOIA | |
| Sep 2024 | New Hampshire | SBA 7(a), Electrical Contractors and Other Wiring Installation Contractors | $47K | 6.75% | 5 yr | SBA FOIA | |
| Aug 2024 | New Hampshire | SBA 7(a), Interior Design Services | $50K | 9.5% | 7 yr | SBA FOIA | |
| Jul 2024 | New Hampshire | SBA 7(a), All Other Specialty Trade Contractors | $120K | 9.5% | 7 yr | SBA FOIA | |
| Apr 2024 | New Hampshire | SBA 504, Site Preparation Contractors | $160K | 25 yr | SBA FOIA | ||
| 2 multifamily loans made in 2025 | $1.60M | HMDA 2025 | |||||
A blank means the source did not report it.
What it holds
NCUA 5300, June 30, 2026
| Book | Holds | Of its loans | Year over year | Loans | Average |
|---|---|---|---|---|---|
| Multifamily | $271M | 4.9% | -8.3% | 124 | $2.18M |
| Construction and land development | $61.1M | 1.1% | +13.2% | 9 | $6.79M |
| Owner-occupied CRE | $23.3M | 0.4% | +38.5% | 45 | $519K |
| Non-owner-occupied CRE | $334M | 6.0% | -24.0% | 122 | $2.74M |
| Farmland | $0 | 0.0% | Not reported | 0 | Not reported |
| Commercial and industrial | $34.1M | 0.6% | +70.7% | 29 | $1.18M |
| Other real-estate-secured commercial | $0 | 0.0% | Not reported | Not reported | Not reported |
| Commercial total | $724M |
Table
| Quarter | Commercial book |
|---|---|
| Q3 2023 | $745M |
| Q4 2023 | $758M |
| Q1 2024 | $749M |
| Q2 2024 | $759M |
| Q3 2024 | $799M |
| Q4 2024 | $822M |
| Q1 2025 | $834M |
| Q2 2025 | $826M |
| Q3 2025 | $824M |
| Q4 2025 | $727M |
| Q1 2026 | $714M |
| Q2 2026 | $724M |
| Kind of loan | Period | Loans made | Dollars | Typical size | Largest | Source |
|---|---|---|---|---|---|---|
| Multifamily, 5 or more units | 2025 | 2 | $1.60M | $820K | $920K | HMDA, |
| Multifamily, 5 or more units | 2024 | 12 | $54.7M | $4.21M | HMDA, | |
| 1-4 unit investor or business purpose | 2025 | 21 | $4.46M | $215K | HMDA, | |
| SBA 7(a), net of cancelled | 36 months to Sep 2026 | 28 | $1.70M | $48.7K | $250K | SBA FOIA, |
| SBA 504 first lien, net of cancelled | 36 months to Sep 2026 | 1 | $160K | $160K | $160K | SBA FOIA, |
| Real-estate-secured commercial | First half of 2026 | 4 | $3.74M | NCUA 5300, | ||
| Construction | First half of 2026 | 2 | $3.62M | NCUA 5300, | ||
| Owner-occupied CRE | First half of 2026 | 2 | $120K | NCUA 5300, | ||
| C&I | First half of 2026 | 2 | $750K | NCUA 5300, |
How these public files were tied to this lender. HMDA: its legal entity identifier (LEI). SBA 7(a) loans: its NCUA charter number. SBA 504 first liens: name and lender office city.
| Book | Average loan |
|---|---|
| Construction and land development | $6.79M |
| Multifamily | $2.18M |
| Owner-occupied CRE | $519K |
| Non-owner-occupied CRE | $2.74M |
| Commercial and industrial | $1.18M |
| Industry | Loans | Dollars |
|---|---|---|
| Residential Remodelers | 5 | $166K |
Other lenders in these fields: SBA lenders for construction trades.
Programs on record: Federal Home Loan Bank member, Boston district (FHFA).
Where it lends
Offices beside loans on record
| State | Offices | Multifamily 2025 | 1-4 investor 2025 | SBA 7(a) 36 mo. | SBA 504 36 mo. |
|---|---|---|---|---|---|
| New Hampshire HQ | 38 | 1 | 12 | 25 | 1 |
| Massachusetts | 1 | 1 | 2 | 2 | 0 |
| North Dakota | 1 | 0 | 0 | 0 | 0 |
| Georgia | 0 | 0 | 3 | 0 | 0 |
| Maine | 0 | 0 | 0 | 1 | 0 |
| Alabama | 0 | 0 | 1 | 0 | 0 |
| California | 0 | 0 | 1 | 0 | 0 |
| Florida | 0 | 0 | 1 | 0 | 0 |
| Pennsylvania | 0 | 0 | 1 | 0 | 0 |
| County | Recorded loans | Dollars |
|---|---|---|
| Merrimack County, NH | 8 | $33.6M |
Capacity. Not a rating
Our calculation from public filings, as of June 30, 2026. Not a rating, and not a statement about safety or deposits.
| Measure | This lender | Its peers | How it is worked out | Source |
|---|---|---|---|---|
| Business loan cap | $821M | $220M to $968M across 8 peers | Estimate: the lesser of 1.75 times net worth or 12.25% of assets. Low-income designated credit unions and some others are exempt. Not a statement from the credit union. | NCUA 5300, 12 CFR 723.8, Jun 30, 2026 |
| Business loans outstanding | $675M | $109M to $2.31B across 8 peers | Net member business loans, as reported on Form 5300. | NCUA 5300, |
| Cap used | 82.3% | 21.6% to 253.9% across 8 peers | Business loans outstanding over the estimated cap. This credit union is designated low-income by NCUA and is exempt from the cap. | NCUA 5300, |
| Largest single borrower | $120M | $26.9M to $132M across 8 peers | Estimate: the greater of 15% of net worth or $100,000. Not a limit the credit union has stated. | NCUA 5300, 12 CFR 723.4, Jun 30, 2026 |
| CRE to net worth | 83.6% | 26.6% to 253.3% across 8 peers | (Construction + multifamily + non-owner-occupied CRE loans) divided by net worth. Our own ratio, not a regulatory test or limit. | NCUA 5300, |
| Loans to assets | 82.6% | 63.6% to 88.5% across 8 peers | Total loans divided by total assets. | NCUA 5300, |
Estimates use the formulas in 12 CFR 723. Low-income designated credit unions and some others are exempt from the cap.
Loan channel and SBA processing
Public record only
- Of 14 multifamily loans with a known channel in 2024 to 2025, 1 (7.1%) came through a third party. HMDA,
Third party includes correspondents as well as brokers. No figure here means no evidence, not a refusal.
- SBA Express
- 28 loans
- Approval to first disbursement
- 2 days, median of 28
SBA FOIA, SBA 7(a) loans, 36 months. Counted from SBA approval, not application. Lines of credit disburse fast.
Peers
Same kind of lender, similar size and book
| Lender | State | Total assets | Commercial book |
|---|---|---|---|
| ST. Mary's Bank Credit Union | NH | $1.80B | $177M |
| Landmark Credit Union | WI | $7.91B | $2.24B |
| Virginia Credit Union | VA | $7.37B | $1.10B |
| Travis Credit Union | CA | $5.85B | $350M |
| Lighthouse Credit Union | NH | $2.22B | $134M |
| Coastal Credit Union | NC | $6.23B | $165M |
| Community First Credit Union | WI | $6.84B | $1.91B |
| Visions Credit Union | NY | $5.53B | $567M |
What we don't know
- Whether it is taking new loans today, or on what terms.
- Who can join. A credit union lends only to its members, and field of membership decides who qualifies.
- Whether it takes brokers on any given deal. The public record shows only that some loans came through a third party.
- Credit union concentration ratios here are our own calculation against net worth. They are not a regulatory test or limit. Originations are Jan-Jun 2026 year to date.
Check this page
Against the regulator's own record
- Name and charter. Service Credit Union, NCUA charter 24921. Compare it with the regulator's record. [NCUA profile]
- Balances. $6.70B in total assets and $724M in commercial loans held, from the NCUA 5300 for June 30, 2026. [Source]
- Loans made. 4 real-estate-secured commercial loans made in the first half of 2026, from your NCUA Form 5300, and 64 loans in HMDA and SBA files, through September 30, 2026: 2 HMDA multifamily 2025, 12 HMDA multifamily 2024, 21 HMDA 1-4 unit investor 2025, 28 SBA 7(a) in 36 months, 1 SBA 504 first lien in 36 months. [How each file was tied to Service Credit Union]
- Phone and website. Phone 603-422-8300, from the NCUA record. Website servicecu.org, from the NCUA record. [How to reach them]
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For the record
Data as of June 30, 2026. Page last changed November 12, 2026.
- Regulator
- National Credit Union Administration
- NCUA charter
- 24921
- RSSD
- 839581
- LEI
- 254900P7WLDQD9IUL038
- The Lender Report ID
- lr_000296
- Main office county
- Rockingham
- Members
- 396,543
- NCUA region
- 1 - Eastern
NCUA credit union details,
- Reported $6.7B in total assets as of June 30, 2026 (NCUA 5300).
- Held $723.6M of commercial and commercial real estate loans as of June 30, 2026 (NCUA 5300).
- Held $334.3M of non-owner-occupied commercial real estate loans as of June 30, 2026 (NCUA 5300).
- Held $270.7M of multifamily loans as of June 30, 2026 (NCUA 5300).
- Held $61.1M of construction and land loans as of June 30, 2026, up 13.2% from a year earlier (NCUA 5300).
- Originated 2 multifamily loans totaling $1.6M in 2025 (HMDA).
7 more sentences
- Originated 12 multifamily loans totaling $54.7M in 2024 (HMDA).
- Originated 21 1-4 unit investor or business-purpose loans totaling $4.5M in 2025 (HMDA).
- Recorded 31 SBA 7(a) approvals totaling $1.8M from October 1, 2023 to September 30, 2026, of which 3 were later cancelled (SBA).
- Provided the first lien on 1 SBA 504 project with $160K in first-lien dollars from October 1, 2023 to September 30, 2026 (SBA).
- Originated 4 real-estate-secured commercial loans totaling $3.7M in the first half of 2026 (NCUA 5300).
- Held $89.6M of nonmember commercial loans and participations as of June 30, 2026 (NCUA 5300).
- Listed 54 offices in 3 states (NCUA).
Cite this
Source: The Lender Report, Service Credit Union, https://lender.report/lender/service-credit-union-nh/, data as of June 30, 2026.
Sources
- NCUA 5300, June 30, 2026
- NCUA 5300, June 30, 2025
- HMDA, 2025
- SBA FOIA, September 30, 2026
- NCUA 5300, June 30, 2026
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Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem