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SAFE Federal Credit Union


Overview / Commentary
www.safefed.org
803-469-8600
160 W Wesmark Blvd
Sumter, SC 29150

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 275th largest credit union in the nation. It was established in 1955 and as of December of 2022, it had grown to 323 employees and 135,062 members at 19 locations. SAFE Federal Credit Union's CD rates are 44% higher than 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

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Reviews (2)

Completely Satisfied

Posted by: |

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!

2

Experience with Safe

Posted by: |

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.

1


Health
B+

Data as of Q4 2022

Learn why bank health matters

Health Grade Components

Overall
NCUA #9988
Year Chartered1955
Employees323
Primary Regulator
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD11.62%
Annual Interest Income$50.9MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$1.71B$1.53B
LoansQ4 2022vs Q4 2021$1.19B$933.5MM
DepositsQ4 2022vs Q4 2021$1.51B$1.37B
Equity CapitalQ4 2022vs Q4 2021$121.4MM$146.2MM
Loan Loss AllowanceQ4 2022vs Q4 2021$5.6MM$4.0MM
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$6.8MM$2.8MM
Real Estate OwnedQ4 2022vs Q4 2021$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%--Holiday Club
0.15%$1-Flexible Savings
0.15%$1-IRA Accumulator Account
0.15%--Coverdell Education Savings
0.10%--Regular Shares
0.10%--Y Savings
0.10%--Money Circus (Ages 0-12)
0.10%--U29 Account (Ages 18-29)
0.10%--Health Savings Account
0.05%$500-Health Savings Account Checking

SAFE Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$25k*-Money Market Checking Account
OTHER TIERS: 0.30% → $2k - $10k | 0.35% → $10k - $25k

SAFE Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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$250k30 Month Share Certificate Special
4.09%$1k-9 Month Share Certificate Special
1.55%*$100k*-24 Month Easy Street Certificate
OTHER TIERS: 1.40% → $1k - $50k | 1.45% → $50k - $100k
1.45%*$100k*-24 Month Investment Certificate
OTHER TIERS: 1.30% → $1k - $50k | 1.35% → $50k - $100k
1.40%*$100k*-18 Month Investment Certificate
OTHER TIERS: 1.25% → $1k - $50k | 1.30% → $50k - $100k
1.30%*$100k*-12 Month Investment Certificate
OTHER TIERS: 1.15% → $1k - $50k | 1.20% → $50k - $100k
1.26%$1k-19 Month Share Certificate Special
1.25%*$100k*-36 Month Investment Certificate
OTHER TIERS: 1.10% → $1k - $50k | 1.15% → $50k - $100k
1.15%$100-12 Month Money Circus Certificate (Ages 0-12)
1.15%$500-12 Month Y Account Certificate (Ages 13-17)
1.15%*$100k*-48 Month Investment Certificate
OTHER TIERS: 1.00% → $1k - $50k | 1.05% → $50k - $100k
1.15%$500-12 Month U29 Account Certificate (Ages 18-29)
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
1.45%*$100k*-24 Month IRA
OTHER TIERS: 1.30% → $1k - $50k | 1.35% → $50k - $100k
1.40%*$100k*-18 Month IRA
OTHER TIERS: 1.25% → $1k - $50k | 1.30% → $50k - $100k
1.30%*$100k*-12 Month IRA
OTHER TIERS: 1.15% → $1k - $50k | 1.20% → $50k - $100k
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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