Jun, 30, 2024 — SAFEAMERICA CREDIT UNION is a non-federally insured state credit union headquartered in PLEASANTON, CA with 5 branch locations and about $526.03 million in total assets. Opened 71 years ago in 1953, SAFEAMERICA CREDIT UNION has about 36,478 members and employs 62 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: | https://www.safeamerica.com |
Branches: | 5 branch locations |
Members: | 36,478 |
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, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $526,032,866 |
CEO/Manager: | Tom Graves |
Chairperson: | Frank Zampella |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,733,277 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 190,554,871 |
Unsecured Loans | 18,399,672 |
Other Loans | 229,169,926 |
TOTAL LOANS | 438,124,469 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,610,458 |
Land And Building | 5,014,306 |
Other Fixed Assets | 1,236,956 |
NCUSIF Deposit | 0 |
All Other Assets | 36,880 |
TOTAL ASSETS | 526,032,866 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 2,769,859 |
Accounts Payable & Other Liabilities | 4,110,113 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 80,892,474 |
Regular shares | 139,519,723 |
All Other Shares & Deposits | 259,071,264 |
TOTAL SHARES & DEPOSITS | 479,483,461 |
TOTAL LIABILITIES | 486,363,433 |
Regular Reserve | 0 |
Other Reserves | 16,910,201 |
Undivided Earnings | 22,759,232 |
TOTAL EQUITY | 39,669,433 |
TOTAL LIABILITIES, SHARES, & EQUITY | 526,032,866 |
INCOME & EXPENSE | |
Loan Income | 12,486,730 |
Investment Income | 717,407 |
Other Income | 1,200,949 |
Total Employee Compensation & Benefits | 5,736,563 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,740,685 |
Non-operating Income & (Expense) | 150,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 890,962 |
Cost of Funds | 1,368,745 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,887,845 |
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