Safe 1 Credit Union

Overview / Commentary
1400 Mill Rock Way
Bakersfield, CA 93303

Safe 1 Credit Union is headquartered in Bakersfield and is the 71st largest credit union in the state of California. It is also the 478th largest credit union in the nation. It was established in 1952 and as of December of 2019, it had grown to 125 employees and 69,323 members at 9 locations. Safe 1 Credit Union has an A+ health rating.

Field of Membership Restrictions

Membership is open to those who live or work in Kings, Kern, Fresno, or Tulare Counties in California.
See current membership details

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Reviews (1)

Condescending & Gleefully Dismissive

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This credit union is the only bank in my neighborhood, within walking distance of my new home. I went in today to open a simple checking account. I was dressed humbly and casually--jeans and shirt, all clean, holding my briefcase with documents and cash to open the account. The sole woman behind the "new accounts" desk performed the best "May I help you, Sir?" sneer I've heard over the past decade, at least. As I politely asked her about how to open an account, she listed off, perfunctorily, all the ways I could be denied an account--most having to do with the banking credit check system. Knowing my credit and armed with a copy of my local lease, my valid US passport, two local CA utility bills, my CA auto registration and insurance, as well as checks and cash for the deposit, I handed her the documents in exchange for a clipboard to fill out the information the bank needed. She took one look at my out-of-state ID and in her most disgusted and taunting tone exuded pure joy in informing me I was not eligible for an account with the august Safe 1 Credit Union.

In the 25+ years that I've opened and maintained bank accounts across the USA, never a single time with a problem, I've never before been treated like I'm a criminal. It would have been an easy matter for Safe 1 to inform me up front that I'd need, specifically, a CA state ID (I just relocated here two weeks ago). That this woman took such pleasure in first listing the many ways I could be rejected from admission, then, once she had the evidence of my ineligibility, drawing out the formal rejection, told me everything I needed to know about this bank. People "like me" aren't welcome there, despite the fact the branch is in the midst of a chiefly working class minority neighborhood.

Why do business in a neighborhood you don't want to work in and whose residents you can't bring yourself to treat with even a modicum of dignity? Already a long-time member of two credit unions on either US Coast, and principally an online banker (BECU offers the country's best online banking features, including POP-money payments directly to other people), I'll forego the humiliation and acrid attitudes of any more financial institutions' admissions committees and do all of my banking online with my current credit unions.

Gone are the days when US citizens were obliged to bank at local, in-state facilities. It's a global world, and haughty, demeaning banks would do well to remember that.


Health Grade Components

NCUA #61598
Year Chartered1952
Primary Regulator
Profit Margin
Return on Assets - YTD1.15%
Return on Equity - YTD7.19%
Annual Interest Income$21.4MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$652.8MM$620.0MM
LoansQ4 2019vs Q4 2018$520.7MM$522.1MM
DepositsQ4 2019vs Q4 2018$541.8MM$515.0MM
Equity CapitalQ4 2019vs Q4 2018$103.5MM$95.9MM
Loan Loss AllowanceQ4 2019vs Q4 2018$3.2MM$3.2MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$2.0MM$1.9MM
Real Estate OwnedQ4 2019vs Q4 2018$0$0
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Always verify rates and promotions with the bank or credit union. We are not Safe 1 Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Safe 1 Credit Union Savings Account Rates

0.15%$50-IRA Club
0.05%$50-Share Savings
0.05%--Club Account

Safe 1 Credit Union Money Market Rates

0.35%*$100k*-Money Market
OTHER TIERS: 0.10% $2.5k - $10k | 0.15% $10k - $25k | 0.20% $25k - $50k | 0.25% $50k - $100k

Safe 1 Credit Union Checking Account Rates


Safe 1 Credit Union CD Rates

0.75%$1k-15 Month Certificate Special
0.55%$1k-24 Month Bump-Up Variable Rate Certificate
0.40%$1k-12 - 23 Month Certificate
0.25%$1k-6 - 11 Month Certificate
0.15%$1k-3 - 5 Month Certificate

Safe 1 Credit Union IRA Rates

0.55%$1k-24 Month Bump-Up Variable Rate IRA Certificate
0.50%$1k-20 Month IRA Certificate Special
0.40%$1k-12 - 23 Month IRA Certificate
0.25%$1k-6 - 11 Month IRA Certificate
0.15%$1k-3 - 5 Month IRA Certificate

Safe 1 Credit Union Locations
Branch Office20141 W Valley BlvdTehachapi, CA 93561
Branch Office1101 Cecil AveDelano, CA 93215
Branch Office400 Oak StBakersfield, CA 93304
Branch Office680 N Prospect StPorterville, CA 93257
Branch Office1400 Mill Rock WayBakersfield, CA 93311
Branch Office1407 E Noble AveVisalia, CA 93292
Branch Office1092 Kern StTaft, CA 93268
Branch Office5555 California AveBakersfield, CA 93309
Branch Office8200 Granite Falls DrBakersfield, CA 93312

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