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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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