Safe CU (SC) is headquartered in SUMTER and is the 4th largest credit union in the state of South Carolina. It is also the 251st largest credit union in the nation. It was established in 1955 and as of December of 2013, it had grown to 248 employees and 108,233 members. Safe CU (SC) has a A health rating.
Must Live, work, worship or go to school in Lee, Clarendon, Sumter, Florence or Orangeburg counties or parts of Kershaw, Richland and Lexington counties, South Carolina. - See Details
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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 CU (SC) had $1.23 million in non-current loans and owned real-estate with $87.8 million in equity and loan loss allowances on hand to cover it. This gives Safe CU (SC) a Texas Ratio of 1.40% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Safe CU (SC) decreased slightly from 1.96% as of December 31, 2012 to 1.40% as of December 31, 2013, resulting in a positive change of 28.85%.This indicates that the balance sheet and financial strength for Safe CU (SC) has improved slightly in recent periods.
In the past year, Safe CU (SC) has increased its total deposits by $35.88 million, resulting in 4.87% 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 CU (SC) has shown is excellent.
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 CU (SC) has $867.5 million in assets with $87.8 million in equity, resulting in a capitalization level of 10.12%, which is above average.
|Assets and Liabilities|
|Equity Capital||$85.93 million|
|Loan Loss Allowance||$1.87 million|
|Unbacked Noncurrent Loans||$850,000|
|Real Estate Owned||$377,000|
|Historic Data - December 2012|
|Equity Capital||$81.60 million|
|Loan Loss Allowance||$1.64 million|
|Unbacked Noncurrent Loans||$850,000|
|Real Estate Owned||$152,000|
|Profit Margin - Quarterly|
|Net Interest Margin||4.09%|
|Return on Assets||0.55%|
|Return on Equity||5.54%|
|Interest Income||$22.34 million|
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|0.50%||-||-||IRA Accumulator Account|
|0.50%||-||-||Roth IRA Accumulator Account|
|0.50%||-||-||CESA Accumulator Account|
|0.30%||-||-||Holiday Club Account|
|0.25%||-||-||Flexible Savings Account|
|0.20%||-||-||Regular Shares Savings Account|
|0.35%||$25k||-||SAFE Insured Money Management Account (SIMMA)|
|0.10%||$500||-||SAFE Checking Account|
|1.45%||$100k||-||60 Month Investment Certificate|
|1.11%||$100k||-||48 Month Investment Certificate|
|1.01%||$100k||-||36 Month Investment Certificate|
|0.95%||$100k||-||24 Month Easy Street CD|
|0.90%||$100k||-||30 Month Investment Bump Option Certificate|
|0.85%||$100k||-||24 Month Investment Certificate|
|0.80%||$100k||-||18 Month Investment Certificate|
|0.70%||$100k||-||12 Month Investment Certificate|
|0.55%||$100k||-||6 Month Money Market Certificate|
|0.50%||$100k||-||3 Month Money Market Certificate|
|0.35%||$100||-||12 Month Money Circus Certificate (Ages 0-12)|
|0.35%||$500||-||12 Month Y Account Certificate (Ages 13-17)|
|0.35%||$500||-||12 Month U29 Account Certificates (Ages 18-29)|
|1.45%||$100k||-||60 Month IRA (Traditional,Roth,CESA)|
|1.11%||$100k||-||48 Month IRA (Traditional,Roth,CESA)|
|1.01%||$100k||-||36 Month IRA (Traditional,Roth,CESA)|
|0.90%||$100k||-||30 Month IRA (Traditional,Roth,CESA)|
|0.85%||$100k||-||24 Month IRA (Traditional,Roth,CESA)|
|0.80%||$100k||-||18 Month IRA (Traditional,Roth,CESA)|
|0.70%||$100k||-||12 Month IRA (Traditional,Roth,CESA)|