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Not Federally Insured
800-972-0999
6001 Gibraltar Drive
Pleasanton, CA 94588

Safeamerica Credit Union is headquartered in Pleasanton and is the 92nd largest credit union in the state of California. It is also the 667th largest credit union in the nation. It was established in 1953 and as of December of 2013, it had grown to 58 employees and 24,897 members. Safeamerica Credit Union has a A health rating.

Field of Membership Restrictions

Anyone who lives, works, worships, or attends school in the California counties of Alameda, Contra Costa, San Mateo, or Santa Clara are eligible to join SafeAmerica Credit Union. In addition, those who are employed by one of SafeAmerica's Select Employer Groups, as well as all immediate family members of current members are invited to join. - See Details

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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 Safeamerica Credit Union had $1.2 million in non-current loans and owned real-estate with $27.93 million in equity and loan loss allowances on hand to cover it. This gives Safeamerica Credit Union a Texas Ratio of 4.29% 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 Safeamerica Credit Union experienced no significant changes from 4.64% as of December 31, 2012 to 4.29% as of December 31, 2013, resulting in a positive change of 7.61%.This indicates that the balance sheet and financial strength for Safeamerica Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Safeamerica Credit Union has increased its total deposits by $8.25 million, resulting in 3.03% 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 Safeamerica Credit Union has shown is excellent.

Capitalization

GRADE:
C+

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. Safeamerica Credit Union has $309.88 million in assets with $27.93 million in equity, resulting in a capitalization level of 9.01%, which is average.

Institution Statistics

Overall
NCUA #97093
Year Chartered1953
Employees58
Primary Regulator
Assets and Liabilities
Assets$309.88 million
Loans$194.83 million
Deposits$280.73 million
Equity Capital$26.83 million
Loan Loss Allowance$1.10 million
Unbacked Noncurrent Loans$1.07 million
Real Estate Owned$133,000
Historic Data - December 2012
Assets$300.88 million
Equity Capital$25.62 million
Loan Loss Allowance$1.50 million
Unbacked Noncurrent Loans$1.07 million
Real Estate Owned$165,000
Profit Margin - Quarterly
Net Interest Margin4.32%
Return on Assets0.22%
Return on Equity2.55%
Interest Income$9.91 million
Rates

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Safeamerica Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.03%$200-Share Savings
0.03%$200-Holiday Club

Safeamerica Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$50k-High Yield Money Market
0.30%$50k-IRA Money Market

Safeamerica Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.03%$1k-Dividend Checking
0.03%$1k-Senior Dividend Checking

Safeamerica Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.27%--60 Month CD
1.76%--48-60 Month (less 1 day) CD
1.51%--36-48 Month (less 1 day) CD
0.55%--24-36 Month (less 1 day) CD
0.40%--12-24 Month (less 1 day) CD
0.20%--6-12 Month (less 1 day) CD
0.10%--3-6 Month (less 1 day) CD

Safeamerica Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.27%--60 Month IRA
1.76%--48-60 Month (less 1 day) IRA
1.51%--36-48 Month (less 1 day) IRA
0.55%--24-36 Month (less 1 day) IRA
0.40%--12-24 Month (less 1 day) IRA
0.20%--6-12 Month (less 1 day) IRA
0.10%--3-6 Month (less 1 day) IRA
Locations


Safeamerica Credit Union Locations
Branch Office16900 W Schulte RdTracy, CA 95377-8985
Branch Office5870 Stoneridge Mall RdPleasanton, CA 94588
Branch Office1939 Harrison St Ste 100Oakland, CA 94612
Branch Office2380 Monument Blvd Ste EPleasant Hill, CA 94523
Branch Office1030 La Playa DrHayward, CA 94545-2142
Branch Office1 Dna Way Bldg 5South San Francisco, CA 94080-4918
Branch Office6001 Gibraltar DrPleasanton, CA 94588
Branch Office5897 Lone Tree WayAntioch, CA 94531