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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 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 September of 2024, it had grown to 345 employees and 145,254 members at 20 locations. SAFE Federal Credit Union's money market rates are 6X 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)

They Dont Like Couples

Posted by: |

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.....

1

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!

2


Health
B+

Data as of Q3 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #9988
Year Chartered1955
Employees345
Primary Regulator
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD6.3%
Annual Interest Income$62.3MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$1.87B$1.78B
LoansQ3 2024vs Q3 2023$1.31B$1.32B
DepositsQ3 2024vs Q3 2023$1.65B$1.63B
Equity CapitalQ3 2024vs Q3 2023$150.6MM$120.2MM
Loan Loss AllowanceQ3 2024vs Q3 2023$14.6MM$12.8MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$9.9MM$9.7MM
Real Estate OwnedQ3 2024vs Q3 2023$0$100K
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%$0-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
2.70%*$500k*-Money Market Account
OTHER TIERS: 0.75% → $0 - $25k | 1.10% → $25k - $50k | 1.90% → $50k - $100k | 2.30% → $100k - $250k | 2.45% → $250k - $500k

SAFE Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.25%*$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
3.50%$1k-9 Month Share Certificate Special
2.75%$1k-18 Month Investment Certificate
2.60%$1k-24 Month Easy Street Certificate
2.50%$500-12 Month Y Account Certificate (Ages 13-17)
2.50%$1k-12 Month Investment Certificate
2.50%$1k-24 Month Investment Certificate
2.50%$500-12 Month U29 Account Certificate (Ages 18-29)
2.50%$100-12 Month MOTster Certificate (Ages 0-12)
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
2.75%$1k-18 Month IRA
2.50%$1k-12 Month IRA
2.50%$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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