Safe Credit Union

Organization Overview

Safe Credit Union is located in Folsom, CA. The organization was established in 1961. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Safe Credit Union employed 911 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Safe Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Safe Credit Union generated $162.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $128.0m during the year ending 12/2021. While expenses have increased by 4.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Safe Credit Union has awarded 136 individual grants totaling $2,361,470. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SAFE CREDIT UNION'S MISSION IS TO HELP MEMBERS IMPROVE THEIR FINANCIAL WELL-BEING, PROVIDE EXCELLENT SERVICE, AND ENSURE A FINANCIALLY SOUND CREDIT UNION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SAFE HAS SERVED THE SACRAMENTO AREA SINCE 1940, AND NOW HAS MEMBERSHIP SPANNING 13 COUNTIES IN NORTHERN CALIFORNIA. SAFE HAS 20 BRANCHES IN FOUR OF THESE COUNTIES: SACRAMENTO, PLACER, YOLO AND CONTRA COSTA. SAFE SERVES APPROXIMATELY 242,500 MEMBERS. SAFE OFFERS DEPOSITORY, LENDING AND OTHER FINANCIAL PRODUCTS AND SERVICES TO HELP ITS MEMBERS IMPROVE THEIR FINANCIAL WELL-BEING. AS A NONPROFIT, SAFE IS ABLE TO DELIVER BENEFITS TO ITS MEMBERSHIP THROUGH LOWER LOAN RATES AND HIGHER DEPOSIT RATES. IN ADDITION, SAFE MEMBERS ENJOY THE FOLLOWING BENEFITS: ACCESS TO 30,000 ATMS NATIONWIDE, ACCESS TO 5,800 SHARED BRANCH LOCATIONS NATIONWIDE, ABILITY TO PERFORM POINT-OF-SALE (POS) TRANSACTIONS, FREE ONLINE BANKING AND BILL PAY, FINANCIAL MANAGEMENT TOOLS AND EARLY PAYDAY WITH DIRECT DEPOSIT.


SAFE OFFERS A VARIETY OF DEPOSIT PRODUCTS INCLUDING SAVINGS, CHECKING, MONEY MARKET, CERTIFICATE, RETIREMENT, BUSINESS, AND YOUTH ACCOUNTS. DEPOSITS ARE FEDERALLY INSURED TO AT LEAST $250,000 AND BACKED BY THE FULL FAITH AND CREDIT OF THE UNITED STATES GOVERNMENT. SAFE'S DEPOSIT RATES ARE EVERY COMPETITIVE WITH THE MARKET AND ARE TYPICALLY HIGHER THAN BANKS. SAFE FEATURES BOTH LOW AND NO-COST CHECKING PRODUCTS AS WELL AS THOSE WITH HIGHER DIVIDEND RATES. MEMBERS CAN TRANSFER FUNDS FROM ONE DEPOSIT PRODUCT OR ACCOUNT TO ANOTHER QUICKLY AND SEAMLESSLY THROUGH OUR ONLINE, MOBILE, AND TELEPHONE BANKING SYSTEMS.


SAFE OFFERS A VARIETY OF LOW-RATE PRODUCTS TO HELP MEMBERS WITH THEIR FINANCING NEEDS. AVAILABLE LOAN PRODUCTS INCLUDE AUTO LOANS, REAL ESTATE MORTGAGE LOANS, HOME EQUITY LINES OF CREDIT, HOME IMPROVEMENT LOANS, VISA CREDIT CARDS, SMALL BUSINESS LOANS, AND OTHER SECURED AND UNSECURED LOANS.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ncr Corporation
Atm & Online Banking Services
$3,377,738
Fiserv Inc
Core And Datawarehouse
$2,049,678
Uncommon Advertising
Public Relations/marketing
$1,825,400
Infoimage
Printing And Imaging Services
$992,783
Cook Security Group Inc
Atm Services
$940,587
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$150,301,150
Investment income $7,697,792
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $472,579
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $162,136,670

Grants Awarded

Over the last fiscal year, Safe Credit Union has awarded $281,600 in support to 17 organizations.

Grant RecipientAmount

LOS RIOS FOUNDATION

Org PageRecipient Profile

Sacramento, CA

PURPOSE: Support of Los Rios Promise Campaign and STEM Center

$31,000

KEATON'S CHILD CANCER ALLIANCE

Org PageRecipient Profile

Roseville, CA

PURPOSE: 2021 Q2 Grant Recipient

$25,300

AEROSPACE MUSEUM OF CALIFORNIA

Org PageRecipient Profile

McClellan, CA

PURPOSE: Sponsorship and support of community-related programs and fundraisers

$25,000

Sacramento, CA

PURPOSE: Support of Project Attain

$25,000

UC DAVIS MEDICAL SCHOOL

Org PageRecipient Profile

Davis, CA

PURPOSE: Sponsorship of UC Davis medical student scholarships, mini-medical school, and palliative care fellowship

$21,200

Rancho Cordova, CA

PURPOSE: Support of Soil Born Farm Urban Agriculture Project

$20,000
View Grant Profile

Peer Organizations

Organization NameAssets
The Golden 1 Credit Union
Sacramento, CA
$525,382,897
Patelco Credit Union
Dublin, CA
$276,202,116
Onpoint Community Credit Union
Portland, OR
$300,691,175
San Diego County Credit Union
San Diego, CA
$305,241,036
Credit Unions In The State Of California
Pasadena, CA
$207,665,347
Credit Unions In The State Of California
Santa Rosa, CA
$248,972,690
Travis Credit Union
Vacaville, CA
$194,928,518
Safe Credit Union
Folsom, CA
$162,136,670
California Credit Union
Glendale, CA
$164,391,792
Credit Unions In The State Of California
Sunnyvale, CA
$197,844,755
Educational Employees Credit Union
Fresno, CA
$140,033,802
Oregon Community Credit Union
Eugene, OR
$182,242,816

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