SAFE Federal Credit Union


Overview / Commentary
803-469-8600
160 W Wesmark Blvd
Sumter, SC 29150

SAFE Federal Credit Union is headquartered in Sumter and is the 3rd largest credit union in the state of South Carolina. It is also the 259th largest credit union in the nation. It was established in 1955 and as of March of 2024, it had grown to 344 employees and 141,093 members at 20 locations. SAFE Federal Credit Union's money market rates are 8X the national average, and it 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

Reviews (4)

Completely Satisfied

I've been banking with SAFE for about 30 years now, and am completely satisfied with their services. I have several checking accounts and two savings accounts that I use for both personal and business purposes, and have never had any issues with any of them. If they suspect something odd is going on with your account, they ware quick to email you and make sure the transactions were authorized. The interest rates on both types of accounts are decent and competitive. Not a huge money maker, but it's better than a lot of banks do. There is never a service charge for writing checks like some banks like to enforce. When I needed to open another checking and savings account for my rental homes, they were very helpful and it was done quickly and easily. In all, I would very much recommend this credit union to anyone who is able to open an account there. You won't be disappointed!

Experience with Safe

Overall my experience with this establishment has been very good. I currenlty have a checking and savings account and have had no problems conducting day to day business. They have several locations within the general area as well as multiple ATM sites. This is convenient and allows flexibility when on the road. Their fees are pretty standard to other institutions that I've been involved with so I'm pleased with the way they do business. I'm very pleased with their web and mobile interfaces-- they are very user friendly. Easy to read and you can easily may inquiries and transfer money between accounts when necessary. It's also possible to fill out loan applications and other forms right from the site. They also have very favorable loan rates from personal loans to long term mortgages etc.

The only thing that needs to be improved would be their in person customer service. Often when they're busy they do not have enough tellers waiting on customers, and at times there are extended wait times. This would be my on suggestion for improvement to the institution. Other than that, this is a fine establishment that I enjoy having a relationship with from day to day.

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

Posted by: |

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!



Health
B+

Health Grade Components

Overall
NCUA #9988
Year Chartered1955
Employees344
Primary Regulator
Profit Margin
Return on Assets - YTD1.21%
Return on Equity - YTD16.39%
Annual Interest Income$19.9MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$1.87B$1.73B
LoansQ1 2024vs Q1 2023$1.33B$1.21B
DepositsQ1 2024vs Q1 2023$1.67B$1.59B
Equity CapitalQ1 2024vs Q1 2023$135.8MM$122.2MM
Loan Loss AllowanceQ1 2024vs Q1 2023$14.4MM$12.2MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$7.6MM$6.7MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not SAFE Federal 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 Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$0-Holiday Club
0.15%$1-Flexible Savings
0.15%$1-IRA Accumulator Account
0.15%$0-Coverdell Education Savings
0.10%$0-Regular Shares
0.10%$0-Y Savings
0.10%$0-U29 Account (Ages 18-29)
0.10%$0-Health Savings Account
0.10%$0-MOTster Youth Account (Ages 0-12)
0.05%$500-Health Savings Account Checking

SAFE Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.45%*$500k*-Money Market Account
OTHER TIERS: 1.25% $0 - $25k | 1.60% $25k - $50k | 2.40% $50k - $100k | 2.80% $100k - $250k | 3.20% $250k - $500k

SAFE Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%*$0$20kPower Up Checking Account
OTHER TIERS: 0.05% $20k+
0.05%$500-Checking Account
0.05%$500-Y Account Checking
0.05%$500-U 29 Checking

SAFE Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.50%$1k-9 Month Share Certificate Special
3.75%$1k-19 Month Share Certificate Special
3.50%$500-12 Month Y Account Certificate (Ages 13-17)
3.50%$1k-12 Month Investment Certificate
3.50%$500-12 Month U29 Account Certificate (Ages 18-29)
3.50%$100-12 Month MOTster Certificate (Ages 0-12)
3.25%$1k-18 Month Investment Certificate
3.10%$1k-24 Month Easy Street Certificate
3.00%$1k-24 Month Investment Certificate
1.25%*$100k*-36 Month Investment Certificate
OTHER TIERS: 1.10% $1k - $50k | 1.15% $50k - $100k
1.15%*$100k*-48 Month Investment Certificate
OTHER TIERS: 1.00% $1k - $50k | 1.05% $50k - $100k
1.10%*$100k*-60 Month Investment Certificate
OTHER TIERS: 0.95% $1k - $50k | 1.00% $50k - $100k
1.00%*$100k*-6 Month Money Market Certificate
OTHER TIERS: 0.85% $1k - $50k | 0.90% $50k - $100k
0.90%*$100k*-3 Month Money Market Certificate
OTHER TIERS: 0.75% $1k - $50k | 0.80% $50k - $100k

SAFE Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%$1k-12 Month IRA
3.25%$1k-18 Month IRA
3.00%$1k-24 Month IRA
1.25%*$100k*-36 Month IRA
OTHER TIERS: 1.10% $1k - $50k | 1.15% $50k - $100k
1.15%*$100k*-48 Month IRA
OTHER TIERS: 1.00% $1k - $50k | 1.05% $50k - $100k
1.10%*$100k*-60 Month IRA
OTHER TIERS: 0.95% $1k - $50k | 1.00% $50k - $100k
Locations

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