Dec, 31, 2023 — SAFEAMERICA CREDIT UNION is a non-federally insured state credit union headquartered in PLEASANTON, CA with 5 branch locations and about $527.56 million in total assets. Opened 71 years ago in 1953, SAFEAMERICA CREDIT UNION has about 37,057 members and employs 63 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: | 37,057 |
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, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $527,564,204 |
CEO/Manager: | Roger Ballard |
Chairperson: | Frank Zampella |
ASSETS: | $ Amount |
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Cash & Equivalents | 29,655,251 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 179,029,624 |
Unsecured Loans | 19,025,832 |
Other Loans | 227,732,275 |
TOTAL LOANS | 425,787,732 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,422,405 |
Land And Building | 4,871,724 |
Other Fixed Assets | 864,158 |
NCUSIF Deposit | 0 |
All Other Assets | 172,563 |
TOTAL ASSETS | 527,564,204 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 30,000,000 |
Accounts Payable & Other Liabilities | 3,535,790 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 76,451,106 |
Regular shares | 107,223,493 |
All Other Shares & Deposits | 269,694,526 |
TOTAL SHARES & DEPOSITS | 453,369,126 |
TOTAL LIABILITIES | 486,904,916 |
Regular Reserve | 0 |
Other Reserves | 16,280,944 |
Undivided Earnings | 24,378,344 |
TOTAL EQUITY | 40,659,288 |
TOTAL LIABILITIES, SHARES, & EQUITY | 527,564,204 |
INCOME & EXPENSE | |
Loan Income | 18,963,575 |
Investment Income | 2,185,232 |
Other Income | 1,718,003 |
Total Employee Compensation & Benefits | 7,017,141 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,851,868 |
Non-operating Income & (Expense) | 160,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,938,173 |
Cost of Funds | 6,608,016 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,058,682 |
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