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Overview / Commentary
160 W Wesmark Blvd
Sumter, SC 29150-1964

Safe CU (SC) is headquartered in Sumter and is the 4th largest credit union in the state of South Carolina. It is also the 249th largest credit union in the nation. It was established in 1955 and as of March of 2014, it had grown to 254 employees and 108,952 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 Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Safe CU (SC) had $1.25 million in non-current loans and owned real-estate with $88.87 million in equity and loan loss allowances on hand to cover it. This gives Safe CU (SC) a Texas Ratio of 1.41% 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) experienced no significant changes from 1.54% as of March 31, 2013 to 1.41% as of March 31, 2014, resulting in a positive change of 8.45%.This indicates that the balance sheet and financial strength for Safe CU (SC) has had no significant changes in recent periods.

Deposit Growth


In the past year, Safe CU (SC) has increased its total deposits by $38.01 million, resulting in 4.99% 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 $893.61 million in assets with $88.87 million in equity, resulting in a capitalization level of 9.95%, which is above average.

Institution Statistics

NCUA #9988
Year Chartered1955
Primary Regulator
Assets and Liabilities
Assets$893.61 million
Loans$439.05 million
Deposits$800.36 million
Equity Capital$87.35 million
Loan Loss Allowance$1.52 million
Unbacked Noncurrent Loans$859,000
Real Estate Owned$390,000
Historic Data - March 2013
Assets$855.61 million
Equity Capital$83.31 million
Loan Loss Allowance$1.70 million
Unbacked Noncurrent Loans$859,000
Real Estate Owned$152,000
Profit Margin - Quarterly
Net Interest Margin1.03%
Return on Assets0.83%
Return on Equity8.46%
Interest Income$5.51 million

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Safe CU (SC) Savings Account Rates

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

Safe CU (SC) Money Market Rates

0.35%$25k-SAFE Insured Money Management Account (SIMMA)

Safe CU (SC) Checking Account Rates

0.10%$500-SAFE Checking Account

Safe CU (SC) CD Rates

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)

Safe CU (SC) IRA Rates

1.45%$100k-60 Month IRA
1.11%$100k-48 Month IRA
1.01%$100k-36 Month IRA
0.90%$100k-30 Month IRA
0.85%$100k-24 Month IRA
0.80%$100k-18 Month IRA
0.70%$100k-12 Month IRA

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