Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
661-327-3818
1400 Mill Rock Way
Bakersfield, CA 93311

Safe 1 Credit Union is headquartered in Bakersfield and is the 85th largest credit union in the state of California. It is also the 596th largest credit union in the nation. It was established in 1952 and as of December of 2013, it had grown to 84 employees and 47,068 members. Safe 1 Credit Union has a A+ health rating.

Field of Membership Restrictions

Must live or work in Kern or Tulare County. - See Details

Related Posts



No reviews have been left for this bank yet. Be the first to review.



Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Safe 1 Credit Union had $1.7 million in non-current loans and owned real-estate with $58.15 million in equity and loan loss allowances on hand to cover it. This gives Safe 1 Credit Union a Texas Ratio of 2.91% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Safe 1 Credit Union experienced no significant changes from 2.84% as of December 31, 2012 to 2.91% as of December 31, 2013, resulting in a negative change of 2.63%. This indicates that the balance sheet and financial strength for Safe 1 Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Safe 1 Credit Union has increased its total deposits by $6.82 million, resulting in 2.34% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Safe 1 Credit Union has shown is above average.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Safe 1 Credit Union has $358.69 million in assets with $58.15 million in equity, resulting in a capitalization level of 16.21%, which is excellent.

Institution Statistics

Overall
NCUA #61598
Year Chartered1952
Employees84
Primary Regulator
Assets and Liabilities
Assets$358.69 million
Loans$237.67 million
Deposits$298.66 million
Equity Capital$55.69 million
Loan Loss Allowance$2.46 million
Unbacked Noncurrent Loans$1.59 million
Real Estate Owned$102,000
Historic Data - December 2012
Assets$346.02 million
Equity Capital$50.65 million
Loan Loss Allowance$3.19 million
Unbacked Noncurrent Loans$1.59 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.77%
Return on Assets1.4%
Return on Equity9.05%
Interest Income$10.73 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Safe 1 Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Safe 1 Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$50-IRA Club Account
0.20%$50-CESA Club Account
0.20%$50-Roth IRA Club Account
0.10%$50-Share Savings Account
0.10%--Club Account

Safe 1 Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$100k-Money Market Account

Safe 1 Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$5k-Checking Account

Safe 1 Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.65%$1k-24 Month Bump-Up Variable Rate CD
0.40%$1k-12-24 Month CD
0.30%$1k-6-11 Month CD
0.20%$1k-3-5 Month CD

Safe 1 Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.65%$1k-24 Month Bump-Up Variable Rate IRA Certificate (Traditional,Roth,CESA)
0.40%$1k-12-24 Month IRA Certificate (Traditional,Roth,CESA)
0.30%$1k-6-11 Month IRA Certificate (Traditional,Roth,CESA)
0.20%$1k-3-5 Month IRA Certificate (Traditional,Roth,CESA)
Locations


Safe 1 Credit Union Locations
Branch Office20141 W Valley BlvdTehachapi, CA 93561
Branch Office1101 Cecil AveDelano, CA 93215
Branch Office400 Oak StBakersfield, CA 93304
Branch Office680 N Prospect StPorterville, CA 93257
Branch Office1400 Mill Rock WayBakersfield, CA 93311