SAFE Credit Union

Overview / Commentary
2295 Iron Point Rd
Folsom, CA 95630-8765

SAFE Credit Union is headquartered in Folsom and is the 15th largest credit union in the state of California. It is also the 79th largest credit union in the nation. It was established in 1940 and as of June of 2022, it had grown to 743 employees and 244,724 members at 21 locations. SAFE Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in Safe Credit Union is open to those who live, work, attend school or worship in Sacramento, Yolo, Placer, Yuba, Amador, Sutter, Butte, Contra Costa, Nevada, San Joaquin, Solano, or El Dorado counties in California. (Membership requirements are listed in the online application)
See current membership details

Reviews (8)

Great Bank for low income people

I used to have a Bank account with another Bank and I was ripped off big time by that corporate Bank. My friend told me about Safe Credit Union and how good it was. So I decided to sign up and they immediately accepted me. I only had to deposit a $5 dollar to open a free checking account. They have amazing quick customer service help. The fees for overdraft is super low and only if it goes beyond a certain amount and the fees depend on how much you went over the limit. The employees are very friendly and very helpful and the bank does never have big lines to wait for ever. Also, they have a great Android app for the bank that is useful to deposit checks and pay my bills on time for free. When I went over the limit 3 times last year, I called them up and the person on the phone waived both 3 overdraft fees for me without any negative experience. Since being part of the Safe Credit Union Bank I have had only great experiences and I am recommending everyone to switch over from the greedy run large Banks to Safe Credit Union.

SAFE CU Customer Review

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I’ve been with SAFE CU for over 14 years and have never had an issue with them. I still “walk in” to the CU on pay day because I refuse direct deposit. The CU’s tellers, and other staff, are always bright and smiling when I come in. When I wanted to open a couple CD’s one of the CU managers sat with me and walked over all the do’s and don’ts and answered all of my questions/concerns. She asked my intentions and then she pointed me to the CD’s that were perfect for my needs…. GO SAFE….

Safe Credit Union has great service and products

I have banked with Safe Credit Union for over 15 years and have had no issues with their customer service or products. They have many benefits for customers; most recently a great partnership with an insurance company that promotes great rates. Safe Credit Union is always available to answer my questions and assist me when I am in need of assistance. Last week the great customer service team assisted at getting a couple fees waved and assisted with overdraft protection to ensure I ran into no further issues in the event I forget to move money from our checking to savings account. I truly enjoy my banking experience with Safe Credit Union and refer them to others.

Easy to use and online access to banking

Safe Credit Union offers many great solutions to everyday banking that are different from other big banks or local banks. First of all, signing in online is very safe and secure. If it is a different computer, the system will send you a text or email, this is an extra security step. When online, viewing your banking history is easy and provides instant history of your everyday transactions and bills payed online. On top of that, your transactions can be categorized into different groups to make it easier to see where one used their card. Transferring money is also super easy. Furthermore, applying for a credit card or loan is convenient and can be done real quick and with assistance if needed. Last, an app can be downloaded to your phone to utilize banking services and view your balance anytime and anywhere at your convenience, and even with the app, your security always comes first. Safe Credit Union is a great bank with super great online support and accessibility.

Safe Credit Union's Excellent Service

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This is one of the best credit unions in the greater Sacramento area. After being a member for over 3 years, I have to say that this is the best bank and credit union by far. They offer free credit and savings account and offer superior customer service and online service. Their mobile service is excellent as well, very fast and efficient. You can transfer money easily and their savings account is very good as well. The best part about this credit Union is that they are fair when it comes to fees. I have not once been charged fees for going over limit, and if you do, you can pay make your account positive by the end of the day without being charged the fee.

No Vaule Placed On Long Term Good Customers

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Think twice before moving to SAFE Credit Union. I have been a member at SAFE Credit Union for more than 20 years. I have checking savings, credit card, HELOC and paid off auto loan. All accounts have been excellently maintained with no late payments, overdrafts and I have an excellent credit score. I recently reached out to a SAFE loan officer regarding my HELOC that was coming to the end of the draw period. The HELOC was initiated many years ago and through the real estate downturn the home the line of credit is secured by was worth significantly less than the mortgage and the line of credit. It was underwater by more than the HELOC. However, I continued to make the payments as required. With the HELOC now coming to the end of its draw period the payment on the HELOC was increasing by about $1,350 per month. I requested a modification / extension, not a principal reduction just a payment modification for a four to five year period. After approximately a month and a half, tax returns, W2's, application, personal financial statement, rental property statements.....I receive an offer to refinance the HELOC with a current rate of 3.5% to a term loan with a rate of 15% and a payment of $1100 more than I am currently paying. That is their working with me!? Why would someone do that? It is disappointing that after 20 plus years all the assistance your financial institution is willing to give is a unserious offer to capitalize on a difficult situation. Thanks SAFE!

Now To Charge For Coin Deposits

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I've stayed with SAFE because they had a coin machine in the lobby that would automatically deposit the coins to your checking or savings. On the downside, they wouldn't accept a roll of coins at the tellers.

Starting January 1st, they will start charging a 3% fee to accept coins deposited to your account. They are actually already charging the fee at the coin machine but the teller will refund it until Jan 1st.

The Worst Ever

I've been a SAFE credit union member since 1986. In that time they have repeatedly inspired me to take my serious banking business elsewhere - and by repeatedly inspired I mean horrific failures that cost me huge money and inconvenience and all I got was lame excuses and useless apologies. I use them for a few things that are handy; cheap wire transfers, free coin counter, backup ATM card. I won't trust them with more than the cost of a tank of gas  ever again.


Health Grade Components

NCUA #68366
Year Chartered1940
Primary Regulator
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD12.19%
Annual Interest Income$51.2MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$4.47B$4.18B
LoansQ2 2022vs Q2 2021$2.71B$2.39B
DepositsQ2 2022vs Q2 2021$4.11B$3.79B
Equity CapitalQ2 2022vs Q2 2021$308.1MM$343.8MM
Loan Loss AllowanceQ2 2022vs Q2 2021$12.8MM$19.3MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$10.0MM$5.4MM
Real Estate OwnedQ2 2022vs Q2 2021$0$137.00K

Rates for SAFE Credit Union are currently being reviewed.



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