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Safe 1 Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 951812302 ✦ Bakersfield, CA ✦ Designated as a 501(c)(14)

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Overview

What is Safe 1 Credit Union?

Safe 1 Credit Union is a California-based financial institution serving 79,174 members. With a mission to offer affordable financial services, they provide deposit and loan accounts to their members, acting as a cost-effective source of credit. The credit union meets the savings and checking account needs of its members, ensuring they have a reliable place to manage their finances. The team at Safe 1 Credit Union consists of 154 dedicated employees.


Official website here: www.safe1.org

Is Safe 1 Credit Union legitimate?

Safe 1 Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Safe 1 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: $1,468,652
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,914,492

For more financial information, click here


Official website here: www.safe1.org

What is the mission statement of Safe 1 Credit Union?

Safe 1 Credit Union serves a membership of 79,174 individuals, offering them deposit and loan accounts. The credit union's primary goal is to provide affordable credit and financial services to its members, serving as a valuable resource for their savings and checking account needs. In essence, it aims to help its members manage their financial affairs more effectively. The credit union's mission is geared towards empowering its members to achieve financial stability and prosperity. By offering competitive rates and personalized services, Safe 1 Credit Union stands as a trusted financial partner for its members.


Official website here: www.safe1.org

Who is the CEO of Safe 1 Credit Union?

David King is the Ceo/President of Safe 1 Credit Union. The CEO's salary of Safe 1 Credit Union is $356,694 and their total compensation is $418,260.


Official website here: www.safe1.org

What is the revenue of Safe 1 Credit Union?

Safe 1 Credit Union's revenue in 2022 was $36,115,479.


Official website here: www.safe1.org

Who are the executives of Safe 1 Credit Union and what are their salaries?

The average compensation at Safe 1 Credit Union during 2022 was $73,917. There are 154 employees and 14 volunteers at Safe 1 Credit Union.


Here are 20 key members and their salaries (Safe 1 Credit Union's CEO's salary is $356,694 and their total compensation is $418,260):


David King (Ceo/President)
  • Compensation: $356,694
  • Related: $0
  • Other: $61,566
Cindy Wonderly (Cfo/Evp-Finance)
  • Compensation: $256,399
  • Related: $0
  • Other: $55,439
Lorraine Townsend (Evp-Operations)
  • Compensation: $224,327
  • Related: $0
  • Other: $28,234
Michael George (Evp-Marketing)
  • Compensation: $196,795
  • Related: $0
  • Other: $51,430
Timothy Spencer (Evp-Lending)
  • Compensation: $207,182
  • Related: $0
  • Other: $20,673
Mary Higgins (Vp-Compliance)
  • Compensation: $133,762
  • Related: $0
  • Other: $36,829
Carol Dobbs (Evp-Risk)
  • Compensation: $147,322
  • Related: $0
  • Other: $12,740
Marie Rodriguez (Vp-Call Center)
  • Compensation: $123,386
  • Related: $0
  • Other: $12,740
Debbie Baker (Branch Manager)
  • Compensation: $111,341
  • Related: $0
  • Other: $0
Ron Wolfe (Vice Chairman)
  • Compensation: $2,252
  • Related: $0
  • Other: $0
Serene Storslett (Director)
  • Compensation: $2,212
  • Related: $0
  • Other: $0
Richard Ruiz (Director)
  • Compensation: $2,205
  • Related: $0
  • Other: $0
Brian Driesen (Director)
  • Compensation: $1,898
  • Related: $0
  • Other: $0
Ray Voight (Chairman)
  • Compensation: $1,346
  • Related: $0
  • Other: $0
Maureen Buscher-Dang (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dawn Cole (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Bennett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Woody Morrison (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vernon Powers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Reed (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.safe1.org

Where can I find the form 990 for Safe 1 Credit Union?

Safe 1 Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.safe1.org

Learn more at the official website: www.safe1.org

Mission Statement of Safe 1 Credit Union

Safe 1 Credit Union, a financial institution dedicated to its members, aims to offer deposit and loan accounts, acting as a reliable source of credit and affordable financial services. By catering to the savings and checking account needs of its 79,174 members, the credit union plays a significant role in their financial well-being. Safe 1 Credit Union's mission is to provide an accessible and affordable financial solution for individuals in their community.

Through its services, Safe 1 Credit Union enables members to save money and access credit when needed at competitive rates. The credit union's primary focus is on fostering financial stability and security for its members. By offering a wide range of financial products, Safe 1 Credit Union empowers its members to make informed decisions regarding their financial future.

In summary, Safe 1 Credit Union is a member-driven financial cooperative, committed to delivering affordable deposit and loan accounts to its 79,174 members. By acting as a trusted financial partner, the credit union seeks to help its members achieve their financial goals and maintain financial stability.

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Impact




October, 2024

Safe 1 Credit Union significantly impacts its community by serving 79,174 members with essential financial services. It offers a low-cost source of credit and affordable financial services, ensuring that members have access to necessary resources for managing their finances. The credit union's commitment provides vital savings and checking account solutions, helping individuals and families in Bakersfield, CA, achieve their financial goals. Through these services, Safe 1 Credit Union plays a crucial role in promoting financial stability and well-being within the community.




This information is meant to be a general summary of Safe 1 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.

Revenue
$36,115,479 (2022)
Expenses
$25,739,563 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,534,748
  • Program Service Revenue: $23,045,720
  • Gross Receipts: $36,115,479

Assets and Liabilities:

  • Total Assets: $893,921,948
  • Total Liabilities: $776,353,444
  • Net Assets: $117,568,504

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Interest on Loans

Revenue

$23,045,720

Organization Details

Founding Year

1952

Principal Officer

David King

Main Address

1400 Mill Rock Way, Bakersfield, CA, 93311

NTEE Category

Code: W61 - Public benefit

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