Sep, 30, 2025 — SAFE FEDERAL CREDIT UNION is a federal credit union headquartered in SUMTER, SC with 20 branch locations and about $1.88 billion in total assets. Opened 71 years ago in 1955, SAFE FEDERAL CREDIT UNION has about 142,913 members and employs 353 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 FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 160 W Wesmark Blvd SUMTER, SC 29150-1964 |
| Phone: | (803) 469-8600 |
| Fax: | (803) 469-4050 |
| Website: | https://www.safefed.org |
| Branches: | 20 branch locations |
| Members: | 142,913 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9988 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,882,069,021 |
| CEO/Manager: | Michael M Baker |
| Chairperson: | Kay Oldhouser Davis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 126,621,796 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 540,516,787 |
| Unsecured Loans | 214,014,006 |
| Other Loans | 548,263,664 |
| TOTAL LOANS | 1,302,794,457 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,192,573 |
| Land And Building | 34,223,152 |
| Other Fixed Assets | 1,564,431 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 15,243,606 |
| All Other Assets | 25,664 |
| TOTAL ASSETS | 1,882,069,021 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 21,000,000 |
| Accounts Payable & Other Liabilities | 20,851,308 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 345,765,830 |
| Regular shares | 450,167,469 |
| All Other Shares & Deposits | 860,983,901 |
| TOTAL SHARES & DEPOSITS | 1,656,917,200 |
| TOTAL LIABILITIES | 1,698,770,054 |
| Regular Reserve | 0 |
| Other Reserves | -14,970,871 |
| Undivided Earnings | 198,269,838 |
| TOTAL EQUITY | 183,298,967 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,882,069,021 |
| INCOME & EXPENSE | |
| Loan Income | 61,424,130 |
| Investment Income | 9,433,780 |
| Other Income | 12,648,885 |
| Total Employee Compensation & Benefits | 20,723,648 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 23,105,749 |
| Non-operating Income & (Expense) | 2,553,969 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,023,734 |
| Cost of Funds | 20,462,995 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 21,536,376 |
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