Overview
What is Safe Credit Union?
Safe Credit Union is a not-for-profit financial institution located in Folsom, California, with a membership base spanning 13 counties in Northern California. Established in 1940, it now boasts 20 branches in Sacramento, Placer, and Yolo counties, serving approximately 234,500 members. The credit union offers a range of depository, lending, and other financial products and services to enhance its members' financial well-being. By operating as a not-for-profit organization, Safe Credit Union is able to offer its members competitive benefits, including lower loan rates and higher deposit rates. Members also enjoy additional perks such as access to over 30,000 ATMs nationwide, 5,600 shared branch locations, POS transactions, free online banking and bill pay, financial management tools, and early payday with direct deposit. Safe Credit Union's mission is to help members improve their financial situation while delivering excellent service and maintaining a financially sound organization.
Official website here: www.safecu.org
Is Safe Credit Union legitimate?
Safe Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Safe Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,751,283
Professional Fundraising Fees: $0
Other Salaries and Wages: $55,414,852
For more financial information, click here
Official website here: www.safecu.org
What is the mission statement of Safe Credit Union?
Safe Credit Union is dedicated to assisting its members in enhancing their financial health. The credit union prioritizes delivering top-notch service and maintaining a financially robust institution. With a history dating back to 1940, it now serves over 234,000 members across 13 counties in Northern California. Through a wide range of deposit, lending, and financial products and services, Safe Credit Union empowers members to improve their financial situations. As a not-for-profit organization, it can offer competitive advantages such as lower loan rates and higher deposit rates to its membership. Additional member benefits include access to over 30,000 ATMs nationwide, 5,600 shared branch locations, point-of-sale transactions, free online banking and bill pay, financial management tools, and early payday through direct deposit.
Official website here: www.safecu.org
Who is the CEO of Safe Credit Union?
Unavailable The CEO's salary of Safe Credit Union is $1,176,986 and their total compensation is $1,218,070.
Official website here: www.safecu.org
What is the revenue of Safe Credit Union?
Safe Credit Union's revenue in 2022 was $183,102,902.
Official website here: www.safecu.org
Who are the executives of Safe Credit Union and what are their salaries?
The average compensation at Safe Credit Union during 2022 was $61,954. There are 955 employees and 16 volunteers at Safe Credit Union.
Here are 22 key members and their salaries (Safe Credit Union's CEO's salary is $1,176,986 and their total compensation is $1,218,070):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,678
- Related: $0
- Other: $0
- Compensation: $1,639
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,147
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $3,906
- Related: $0
- Other: $0
- Compensation: $2,959
- Related: $0
- Other: $0
- Compensation: $1,378
- Related: $0
- Other: $0
- Compensation: $909
- Related: $0
- Other: $0
- Compensation: $439,600
- Related: $0
- Other: $26,131
- Compensation: $1,176,986
- Related: $0
- Other: $41,084
- Compensation: $666,860
- Related: $0
- Other: $38,386
- Compensation: $446,808
- Related: $0
- Other: $36,030
- Compensation: $429,262
- Related: $0
- Other: $42,812
- Compensation: $348,896
- Related: $0
- Other: $41,739
- Compensation: $1,925,742
- Related: $0
- Other: $26,016
- Compensation: $592,960
- Related: $0
- Other: $42,880
- Compensation: $855,489
- Related: $0
- Other: $18,871
- Compensation: $533,687
- Related: $0
- Other: $44,258
- Compensation: $979,083
- Related: $0
- Other: $45,951
Official website here: www.safecu.org
Where can I find the form 990 for Safe Credit Union?
Safe Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.safecu.org
Learn more at the official website: www.safecu.org
Mission Statement of Safe Credit Union
SAFE Credit Union, a not-for-profit financial institution with a rich history dating back to 1940, is dedicated to helping its members enhance their financial well-being. With a mission deeply rooted in service excellence and financial stability, SAFE Credit Union prides itself on delivering benefits to its over 234,000 members through lower loan rates and higher deposit rates.
Located in Northern California, with a presence in Sacramento, Placer, and Yolo counties, SAFE Credit Union operates 20 branches to cater to its diverse membership base. The organization offers a wide range of financial products and services, from depository accounts to lending options, designed to help members manage their finances effectively. With access to over 30,000 ATMs nationwide and 5,600 shared branch locations, SAFE Credit Union members enjoy convenience and flexibility, allowing them to access their accounts and perform transactions seamlessly.
In addition to the essential financial services, SAFE Credit Union members benefit from free online banking and bill pay, financial management tools, and the option to perform point-of-sale transactions. Furthermore, early payday through direct deposit is an added convenience. By focusing on its members' financial well-being and offering superior service, SAFE Credit Union ensures a financially sound future for those it serves.
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Impact
October, 2024
Safe Credit Union significantly impacts the financial well-being of its members and the broader community in Northern California. With a history dating back to 1940, it has grown to serve approximately 234,495 members across 13 counties, including Sacramento, Placer, and Yolo, through 20 branches. By offering a range of financial products and services, Safe Credit Union provides essential support to its members in managing their finances effectively.
Members benefit from competitive lower loan rates and higher deposit rates, enhancing their financial stability. The credit union also increases accessibility through a vast network of over 30,000 ATMs and 5,600 shared branch locations nationwide, making banking more convenient and efficient. Additionally, Safe Credit Union promotes financial literacy and management through tools offered in its online banking platform and provides the benefit of early payday with direct deposit.
Through its commitment to excellent service and a sound financial foundation, Safe Credit Union fosters a sense of community and empowerment, helping members to improve their financial circumstances while contributing positively to the economy of the Sacramento area and beyond.
This information is meant to be a general summary of Safe Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $19,849,896
- Program Service Revenue: $156,257,340
- Gross Receipts: $183,102,902
Assets and Liabilities:
- Total Assets: $4,508,747,092
- Total Liabilities: $4,219,469,562
- Net Assets: $289,277,530
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on loans to members
Revenue
$96,449,405
ATM and debit card fees
Revenue
$28,132,894
Account service fees
Revenue
$16,547,552
Loan fees
Revenue
$8,206,785
Net gain on sale of loans
Revenue
$947,050
Organization Details
Founding Year
1940
Phone
(916) 979-7233Main Address
2295 Iron Point Rd Suite 100, Folsom, CA, 956308765
Website
www.safecu.orgNTEE Category
Code: W60 - Public benefit
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