Dec, 31, 2021 — SAFEAMERICA CREDIT UNION is a non-federally insured state credit union headquartered in PLEASANTON, CA with 5 branch locations and about $545.56 million in total assets. Opened 69 years ago in 1953, SAFEAMERICA CREDIT UNION has about 36,187 members and employs 67 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 |
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Address: (Main Office) | 6001 Gibraltar Dr PLEASANTON, CA 94588 |
Phone: | (925) 734-4111 |
Fax: | (925) 460-0225 |
Website: | http://www.safeamerica.com |
Branches: | 5 branch locations |
Members: | 36,187 |
Credit Union Type: | Non-Federally Insured State Credit Union |
Charter Number: | 97093 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Jun 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $545,562,610 |
CEO/Manager: | Tom Graves |
Chairperson: | Frank Zampella |
ASSETS: | $ Amount |
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Cash & Equivalents | 45,191,576 |
TOTAL INVESTMENTS | 61,897,413 |
Loans Held for Sale | 0 |
Real Estate Loans | 180,813,250 |
Unsecured Loans | 18,725,336 |
Other Loans | 216,062,234 |
TOTAL LOANS | 415,600,820 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,489,082 |
Land And Building | 5,099,855 |
Other Fixed Assets | 1,494,442 |
NCUSIF Deposit | 0 |
All Other Assets | 17,767,586 |
TOTAL ASSETS | 545,562,610 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,027,114 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 82,718,222 |
Regular shares | 134,072,162 |
All Other Shares & Deposits | 281,823,452 |
TOTAL SHARES & DEPOSITS | 498,613,836 |
TOTAL LIABILITIES | 502,640,950 |
Regular Reserve | 25,786,294 |
Other Reserves | -3,921,155 |
Undivided Earnings | 21,056,521 |
TOTAL EQUITY | 42,921,660 |
TOTAL LIABILITIES, SHARES, & EQUITY | 545,562,610 |
INCOME & EXPENSE | |
Loan Income | 16,457,429 |
Investment Income | 741,916 |
Other Income | 1,652,505 |
Total Employee Compensation & Benefits | 6,983,445 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,710,028 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 263,214 |
Cost of Funds | 2,391,149 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,350,507 |
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