Average User Rating:
1 star rating based on 1 review.

Safe Credit Union

4636 Watt Ave.
North Highlands , CA 95660
(800) 733-7233.
www.safecu.org

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Safe Credit Union is headquartered in North Highlands and is the 14^st largest credit union in the state of California. It is also the 72^nd largest credit union in the nation. It was established in 1940 and as of September of 2011, it had grown to 432 employees and 151,973 members. Safe Credit Union has a 3-star health rating.

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See Rates for: Checking | Savings | Money Market | CD | IRA

Safe Credit Union Checking Account Rates

Apy	Min	Max	Product
0.50%	-	$1k	SAFE Online Checking
0.35%	$50k	-	SAFE Prestiege Checking
0.05%	-	-	SAFE Checking
0.05%	-	-	Business Checking

Safe Credit Union Savings Account Rates

Apy	Min	Max	Product
0.50%	$200k	-	IRA Accumulator Savings
0.50%	$200k	-	CESA Accumulator Savings
0.50%	$200k	-	Roth IRA Accumulator Savings
0.50%	$200k	-	SEP IRA Accumulator Savings
0.10%	-	-	Share Savings
0.10%	-	-	SAFE Saver Kids' Club
0.10%	-	-	Young Member Savings
0.10%	-	-	Special Share
0.10%	-	-	Business Savings
0.10%	$20	-	Holiday Club

Safe Credit Union Money Market Rates

Apy	Min	Max	Product
0.65%	$500k	-	Capitol Access Money Market
0.65%	$500k	-	Business Money Market
0.30%	$25k	-	Money Market

Safe Credit Union CD Rates

Apy	Min	Max	Product
1.76%	$100k	-	60 - 72 Month CD
1.76%	$100k	-	Business 60 - 72 Month CD
1.46%	$100k	-	48 - 59 Month CD
1.46%	$100k	-	Business 48 - 59 Month CD
1.26%	$1k	-	36-Month Certificate Ladder
1.26%	$1k	-	Business 36-Month Certificate Ladder
1.16%	$100k	-	36 - 47 Month CD
1.16%	$100k	-	Business 36 - 47 Month CD
0.80%	$10k	-	24 Month Bump-Up Advantage CD
0.80%	$100k	-	24 - 35 Month CD
0.80%	$100k	-	Business 24 - 35 Month CD
0.80%	$10k	-	Business 24 Month Bump-Up Advantage CD
0.45%	$10k	-	12 Month Bump-Up Advantage CD
0.45%	$100k	-	12 - 23 Month CD
0.45%	$100k	-	Business 12 - 23 Month CD
0.45%	$10k	-	Business 12 Month Bump-Up Advantage CD
0.35%	$25	-	12 Month Add-On CD
0.35%	$25	-	Business 12 Month Add-On CD
0.30%	$500	-	3 - 5 Month CD
0.30%	$500	-	6 - 11 Month CD
0.30%	$500	-	Business 3 - 5 Month CD
0.30%	$500	-	Business 6 - 11 Month CD

Safe Credit Union IRA Rates

Apy	Min	Max	Product
1.76%	$100k	-	60 - 72 Month IRA
1.76%	$100k	-	60 - 72 Month Roth IRA
1.76%	$100k	-	60 - 72 Month CESA
1.76%	$100k	-	60 - 72 Month SEP IRA
1.46%	$100k	-	48 - 59 Month IRA
1.46%	$100k	-	48 - 59 Month Roth IRA
1.46%	$100k	-	48 - 59 Month CESA
1.46%	$100k	-	48 - 59 Month SEP IRA
1.16%	$100k	-	36 - 47 Month IRA
1.16%	$100k	-	36 - 47 Month Roth IRA
1.16%	$100k	-	36 - 47 Month CESA
1.16%	$100k	-	36 - 47 Month SEP IRA
0.80%	$10k	-	24 Month Bump-Up Advantage IRA
0.80%	$100k	-	24 - 35 Month IRA
0.80%	$100k	-	24 - 35 Month Roth IRA
0.80%	$10k	-	24 Month Bump-Up Advantage Roth IRA
0.80%	$100k	-	24 - 35 Month CESA
0.80%	$10k	-	24 Month Bump-Up Advantage CESA
0.80%	$100k	-	24 - 35 Month SEP IRA
0.80%	$10k	-	24 Month Bump-Up Advantage SEP IRA
0.45%	$10k	-	12 Month Bump-Up Advantage IRA
0.45%	$100k	-	12 - 23 Month IRA
0.45%	$100k	-	12 - 23 Month Roth IRA
0.45%	$10k	-	12 Month Bump-Up Advantage Roth IRA
0.45%	$100k	-	12 - 23 Month CESA
0.45%	$10k	-	12 Month Bump-Up Advantage CESA
0.45%	$100k	-	12 - 23 Month SEP IRA
0.45%	$10k	-	12 Month Bump-Up Advantage SEP IRA
0.35%	$25	-	12 Month Add-on IRA
0.35%	$25	-	12 Month Add-on Roth IRA
0.35%	$25	-	12 Month Add-on CESA
0.35%	$25	-	12 Month Add-on SEP IRA
0.30%	$500	-	3 - 5 Month IRA
0.30%	$500	-	6 - 11 Month IRA
0.30%	$500	-	3 - 5 Month Roth IRA
0.30%	$500	-	6 - 11 Month Roth IRA
0.30%	$500	-	3 - 5 Month CESA
0.30%	$500	-	6 - 11 Month CESA
0.30%	$500	-	3 - 5 Month SEP IRA
0.30%	$500	-	6 - 11 Month SEP IRA

Rates updated: 2/10/2012

Data for Q3 2011

Institution Statistics

SAFE
NCUA #	68366
BankRate Report	View
Year Established	1940
Employees	432
Primary Regulator
Assets and Liabilities
Assets	$1.77 billion
Loans	$979.10 million
Deposits	$1.59 billion
Equity Capital	$164.55 million
Loan Loss Allowance	$30.80 million
Unbacked Noncurrent Loans	$28.97 million
Real Estate Owned	$1.53 million
Historic Data - September 2010
Assets	$1.79 billion
Equity Capital	$148.87 million
Loan Loss Allowance	$30.28 million
Unbacked Noncurrent Loans	$34.53 million
Real Estate Owned	$952,000
Profit Margin - Quarterly
Net Interest Margin	3.91%
Return on Assets	0.52%
Return on Equity	5.62%
Interest Income	$49.71 million
Non-Interest Income	$21.75 million

Institution Health

Overall Score:

3 out of 5

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 September 30, 2011 Safe Credit Union had $30.5 million in non-current loans and owned real-estate with $195.35 million in equity and loan loss allowances on hand to cover it. This gives Safe Credit Union a Texas Ratio of 15.61% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Safe Credit Union decreased slightly from 19.81% as of September 30, 2010 to 15.61% as of September 30, 2011, resulting in a positive change of 21.17%.This indicates that the balance sheet and financial strength for Safe Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, Safe Credit Union has decreased its total deposits by -$29.56 million, resulting in -1.82% 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 Credit Union has shown is below average.
Capitalization
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 Credit Union has $1.77 billion in assets with $195.35 million in equity, resulting in a capitalization level of 11.02%, which is above average.

The Worst Ever
1 stars

- dounome987 - Monday, August 22, 2011 - 12:58 AM

I've been a SAFE credit union member since 1986. In that time they have repeatedly inspired me to take my serious banking business elsewhere - and by repeatedly inspired I mean horrific failures that cost me huge money and inconvenience and all I got was lame excuses and useless apologies. I use them for a few things that are handy; cheap wire transfers, free coin counter, backup ATM card. I won't trust them with more than the cost of a tank of gas ever again.