Dec, 31, 2023 — SAFEAMERICA CREDIT UNION is a non-federally insured state credit union headquartered in PLEASANTON, CA with 5 branch locations and about $527.56 million in total assets. Opened 71 years ago in 1953, SAFEAMERICA CREDIT UNION has about 37,057 members and employs 63 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SAFEAMERICA CREDIT UNION |
|---|---|
| Address: (Main Office) | 6001 Gibraltar Dr PLEASANTON, CA 94588 |
| Phone: | (925) 734-4111 |
| Fax: | (925) 460-0225 |
| Website: | https://www.safeamerica.com |
| Branches: | 5 branch locations |
| Members: | 37,057 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 97093 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $527,564,204 |
| CEO/Manager: | Roger Ballard |
| Chairperson: | Frank Zampella |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 29,655,251 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 179,029,624 |
| Unsecured Loans | 19,025,832 |
| Other Loans | 227,732,275 |
| TOTAL LOANS | 425,787,732 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,422,405 |
| Land And Building | 4,871,724 |
| Other Fixed Assets | 864,158 |
| NCUSIF Deposit | 0 |
| All Other Assets | 172,563 |
| TOTAL ASSETS | 527,564,204 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 30,000,000 |
| Accounts Payable & Other Liabilities | 3,535,790 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 76,451,106 |
| Regular shares | 107,223,493 |
| All Other Shares & Deposits | 269,694,526 |
| TOTAL SHARES & DEPOSITS | 453,369,126 |
| TOTAL LIABILITIES | 486,904,916 |
| Regular Reserve | 0 |
| Other Reserves | 16,280,944 |
| Undivided Earnings | 24,378,344 |
| TOTAL EQUITY | 40,659,288 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 527,564,204 |
| INCOME & EXPENSE | |
| Loan Income | 18,963,575 |
| Investment Income | 2,185,232 |
| Other Income | 1,718,003 |
| Total Employee Compensation & Benefits | 7,017,141 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,851,868 |
| Non-operating Income & (Expense) | 160,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,938,173 |
| Cost of Funds | 6,608,016 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,058,682 |
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