Sep, 30, 2025 — SAFE CREDIT UNION is a federally insured state chartered credit union headquartered in FOLSOM, CA with 17 branch locations and about $4.38 billion in total assets. Opened 86 years ago in 1940, SAFE CREDIT UNION has about 244,211 members and employs 650 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SAFE CREDIT UNION |
|---|---|
| Address: (Main Office) | 2295 Iron Point Rd FOLSOM, CA 95630-8766 |
| Phone: | (916) 979-7233 |
| Fax: | |
| Website: | https://www.safecu.org |
| Branches: | 17 branch locations |
| Members: | 244,211 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68366 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $4,378,462,379 |
| CEO/Manager: | Faye Nabhani |
| Chairperson: | Rick Blumenfeld |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 403,420,438 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 28,070,798 |
| Real Estate Loans | 2,151,839,979 |
| Unsecured Loans | 120,486,967 |
| Other Loans | 806,845,195 |
| TOTAL LOANS | 3,079,193,842 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -28,967,046 |
| Land And Building | 39,092,192 |
| Other Fixed Assets | 12,280,691 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 38,790,287 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,378,462,379 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 64,670,346 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 893,934,760 |
| Regular shares | 638,741,551 |
| All Other Shares & Deposits | 2,394,643,490 |
| TOTAL SHARES & DEPOSITS | 3,927,319,801 |
| TOTAL LIABILITIES | 3,991,990,147 |
| Regular Reserve | 0 |
| Other Reserves | -27,415,869 |
| Undivided Earnings | 413,888,101 |
| TOTAL EQUITY | 386,472,232 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,378,462,379 |
| INCOME & EXPENSE | |
| Loan Income | 111,784,372 |
| Investment Income | 25,135,603 |
| Other Income | 18,826,905 |
| Total Employee Compensation & Benefits | 60,970,463 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 39,562,768 |
| Non-operating Income & (Expense) | -12,115 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,831,727 |
| Cost of Funds | 51,948,423 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 21,313,342 |
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