Dec, 31, 2021 — SAFE CREDIT UNION is a federally insured state chartered credit union headquartered in FOLSOM, CA with 20 branch locations and about $4.46 billion in total assets. Opened 82 years ago in 1940, SAFE CREDIT UNION has about 242,578 members and employs 773 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 |
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Address: (Main Office) | 2295 Iron Point Rd FOLSOM, CA 95630-8766 |
Phone: | (916) 979-7233 |
Fax: | |
Website: | http://www.safecu.org |
Branches: | 20 branch locations |
Members: | 242,578 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68366 |
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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: | $4,459,591,636 |
CEO/Manager: | Dave F Roughton |
Chairperson: | Terrance Tremelling |
ASSETS: | $ Amount |
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Cash & Equivalents | 576,560,166 |
TOTAL INVESTMENTS | 1,192,190,620 |
Loans Held for Sale | 10,126,255 |
Real Estate Loans | 1,380,590,051 |
Unsecured Loans | 115,105,766 |
Other Loans | 972,848,810 |
TOTAL LOANS | 2,468,544,627 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,093,142 |
Land And Building | 48,400,401 |
Other Fixed Assets | 6,825,662 |
NCUSIF Deposit | 37,251,149 |
All Other Assets | 133,785,898 |
TOTAL ASSETS | 4,459,591,636 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 60,164,432 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 956,174,834 |
Regular shares | 881,351,851 |
All Other Shares & Deposits | 2,208,291,858 |
TOTAL SHARES & DEPOSITS | 4,045,818,543 |
TOTAL LIABILITIES | 4,105,982,975 |
Regular Reserve | 38,699,463 |
Other Reserves | -1,600,383 |
Undivided Earnings | 316,509,581 |
TOTAL EQUITY | 353,608,661 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,459,591,636 |
INCOME & EXPENSE | |
Loan Income | 90,302,715 |
Investment Income | 7,697,792 |
Other Income | 22,097,597 |
Total Employee Compensation & Benefits | 73,802,858 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 45,795,854 |
Non-operating Income & (Expense) | -31,398 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -4,630,235 |
Cost of Funds | 12,860,159 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 34,136,205 |
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