Jun, 30, 2021 — SAFEAMERICA CREDIT UNION is a non-federally insured state credit union headquartered in Pleasanton, CA with 6 branch locations and about $532.21 million in total assets. Opened 68 years ago in 1953, SAFEAMERICA CREDIT UNION has about 36,062 members and employs 70 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 |
|---|---|
| Address: (Main Office) | 6001 Gibraltar Drive Pleasanton, CA 94588 |
| Phone: | (925) 734-4111 |
| Fax: | (925) 460-0225 |
| Website: | http://www.safeamerica.com |
| Branches: | 6 branch locations |
| Members: | 36,062 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 97093 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $532,210,932 |
| CEO/Manager: | Tom Graves |
| Chairperson: | Frank Zampella |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 35,276,762 |
| TOTAL INVESTMENTS | 69,436,865 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 163,204,594 |
| Unsecured Loans | 20,177,557 |
| Other Loans | 221,311,393 |
| TOTAL LOANS | 404,693,544 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,812,783 |
| Land And Building | 5,156,888 |
| Other Fixed Assets | 1,704,115 |
| NCUSIF Deposit | 0 |
| All Other Assets | 17,755,541 |
| TOTAL ASSETS | 532,210,932 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,585,904 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 80,607,864 |
| Regular shares | 133,438,131 |
| All Other Shares & Deposits | 273,079,782 |
| TOTAL SHARES & DEPOSITS | 487,125,777 |
| TOTAL LIABILITIES | 491,711,681 |
| Regular Reserve | 24,923,210 |
| Other Reserves | -3,334,732 |
| Undivided Earnings | 18,910,773 |
| TOTAL EQUITY | 40,499,251 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 532,210,932 |
| INCOME & EXPENSE | |
| Loan Income | 8,085,323 |
| Investment Income | 402,458 |
| Other Income | 797,448 |
| Total Employee Compensation & Benefits | 3,640,921 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,662,293 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 294,773 |
| Cost of Funds | 1,253,785 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,341,676 |
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