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Overview / Commentary
P.O. Box 2008
Sumter, SC 29151

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.

Field of Membership Restrictions

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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Data for Q4 2013

Institution Health


Texas Ratio


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.

Texas Ratio Trend


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.

Deposit Growth


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.

Institution Statistics

NCUA #9988
Year Chartered1955
Primary Regulator
Assets and Liabilities
Assets$867.51 million
Loans$447.96 million
Deposits$773.03 million
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
Assets$825.32 million
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 Margin4.09%
Return on Assets0.55%
Return on Equity5.54%
Interest Income$22.34 million

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Safe CU (SC) has 18 locations. Click to view all Safe CU (SC) locations.