SAFE Federal Credit Union is headquartered in Sumter and is the 4th largest credit union in the state of South Carolina. It is also the 264th largest credit union in the nation. It was established in 1955 and as of December of 2024, it had grown to 340 employees and 143,424 members at 20 locations. SAFE Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in SAFE Federal Credit Union is open to those who live, work, worship, or attend school in the South Carolina counties of Clarendon, Florence, Lee, or Sumter. Residents of certain census tracts in Kershaw, Lexington, and Richland Counties (SC) are also eligible for membership.
See current membership details
They Dont Like Couples
I was a long term member of safe federal credit union until I lost my job, defaulted on my loan and they locked me out of my account. They they drained the money I put in my childrens accounts and froze them as well. My husband had the only account still open until today. He called member service for help and they were asking him for information and I listened to him struggle to find it before I told him where the information was and because they heard me talking, they cut off all services and refused to help him with his account. We abandoned his account for these reasons. Now we can talk all we want to at the bank we have now and no one is trying to stop us. Safe federal credit union has been a nightmare to work with. The sumter branch manager doesn't want her tellers to say happy hanukka, we have Jewish family members.....
Do Not Do Business With This Bank
I've banked with this bank for over 20 years and first thing tomorrow I'm taking off with to close all my accounts! This bank is designed to take your money. The online banking is a joke. Pending deposits will show for an hour or so and I'll head to the bank to deposit funds, attempt to log on to check my account and immediately I'm charged with an overdraft fee. If you're not transferring funds from another account to cover the pending transaction you'll be changed and will have to call to get a reversal. I've had over 5 reversals in one month. I noticed the change when the online website was updated approximately a year ago or better and I'm tired of the stress and being taken advantage of. You've been warned!
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 9988 |
| Year Chartered | 1955 |
| Employees | 340 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.48% |
| Return on Equity - YTD | 6.01% |
| Annual Interest Income | $84.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $1.85B$1.83B |
| Loans | Q4 2024vs Q4 2023 | $1.3B$1.33B |
| Deposits | Q4 2024vs Q4 2023 | $1.66B$1.63B |
| Equity Capital | Q4 2024vs Q4 2023 | $147.8MM$130.2MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $16.9MM$14MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $11.7MM$9.1MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |
