Jun, 30, 2021 — SAFE CREDIT UNION is a federally insured state chartered credit union headquartered in FOLSOM, CA with 20 branch locations and about $4.18 billion in total assets. Opened 81 years ago in 1940, SAFE CREDIT UNION has about 241,777 members and employs 741 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, STE 100 FOLSOM, CA 95630 |
| Phone: | (916) 979-7233 |
| Fax: | |
| Website: | http://www.safecu.org |
| Branches: | 20 branch locations |
| Members: | 241,777 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $4,184,388,019 |
| CEO/Manager: | Dave F Roughton |
| Chairperson: | Terrance Tremelling |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 754,249,852 |
| TOTAL INVESTMENTS | 818,970,475 |
| Loans Held for Sale | 7,594,138 |
| Real Estate Loans | 1,295,940,349 |
| Unsecured Loans | 120,283,968 |
| Other Loans | 977,555,109 |
| TOTAL LOANS | 2,393,779,426 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -19,283,147 |
| Land And Building | 47,487,922 |
| Other Fixed Assets | 7,179,679 |
| NCUSIF Deposit | 33,867,365 |
| All Other Assets | 140,542,309 |
| TOTAL ASSETS | 4,184,388,019 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 55,396,285 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 900,337,297 |
| Regular shares | 822,869,602 |
| All Other Shares & Deposits | 2,061,951,616 |
| TOTAL SHARES & DEPOSITS | 3,785,158,515 |
| TOTAL LIABILITIES | 3,840,554,800 |
| Regular Reserve | 38,699,463 |
| Other Reserves | 6,645,325 |
| Undivided Earnings | 298,488,431 |
| TOTAL EQUITY | 343,833,219 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,184,388,019 |
| INCOME & EXPENSE | |
| Loan Income | 45,820,275 |
| Investment Income | 2,709,732 |
| Other Income | 10,808,130 |
| Total Employee Compensation & Benefits | 36,085,850 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 22,272,246 |
| Non-operating Income & (Expense) | -41,467 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -904,205 |
| Cost of Funds | 6,712,673 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 16,115,056 |
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