SAFE Credit Union

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

SAFE Credit Union is headquartered in Folsom and is the 17th largest credit union in the state of California. It is also the 84th largest credit union in the nation. It was established in 1940 and as of December of 2022, it had grown to 782 employees and 243,498 members at 21 locations. SAFE 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 Credit Union is open to those who live, work, worship, or attend school in the California counties of Alameda, Amador, Butte, Contra Costa, El Dorado, Nevada, Placer, Sacramento, San Joaquin, Solano, Sutter, Yolo, or Yuba. (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

Posted by: |

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 - YTD0.75%
Return on Equity - YTD11.5%
Annual Interest Income$116.9MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$4.52B$4.46B
LoansQ4 2022vs Q4 2021$3.13B$2.47B
DepositsQ4 2022vs Q4 2021$3.97B$4.05B
Equity CapitalQ4 2022vs Q4 2021$289.3MM$353.6MM
Loan Loss AllowanceQ4 2022vs Q4 2021$18.0MM$14.1MM
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$9.7MM$8.6MM
Real Estate OwnedQ4 2022vs Q4 2021$0$137.00K
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Always verify rates and promotions with the bank or credit union. We are not SAFE 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 Credit Union Savings Account Rates

0.70%*-$1kShare Savings w/ Perfect Cents Checking
OTHER TIERS: 0.05% $1k+
0.70%*-$1kYoung Member Account with Perfect Cents Checking
OTHER TIERS: 0.05% $1k+
0.35%*$200k*-Accumulation IRA Savings
OTHER TIERS: 0.25% Up to $100k | 0.30% $100k - $200k
0.05%--Share Savings
0.05%--Special Share
0.05%--Business Savings
0.05%--SAFE Savers Kids Club
0.05%--Young Member Account
0.05%--Business Special Purpose Share

SAFE Credit Union Money Market Rates

3.30%*$100k*-Level Up Money Market
OTHER TIERS: 2.02% Up to $25k | 2.53% $25k - $50k | 2.78% $50k - $100k
1.76%*$500k*-Business Money Market
OTHER TIERS: 0.50% Up to $10k | 0.75% $10k - $25k | 1.00% $25k - $100k | 1.26% $100k - $500k
1.26%*-$2kPreferred Money Market
OTHER TIERS: 0.10% $2k - $50k | 0.20% $50k - $250k | 0.25% $250k - $500k | 0.35% $500k+
0.15%*$500k*-Capitol Access Money Market
OTHER TIERS: 0.05% $25 - $10k | 0.10% $10k - $500k

SAFE Credit Union Checking Account Rates

3.04%*$25*$1kPerfect Cents Checking
OTHER TIERS: 0.50% $1k+
0.50%*-$25kSAFE Capitol Checking
OTHER TIERS: 0.05% $25k+
0.10%*$50k*-SAFE Prestige Checking
OTHER TIERS: 0.05% $25 - $10k | 0.07% $10k - $50k
0.10%*$50k*-Business Checking
OTHER TIERS: 0.05% $25 - $10k | 0.08% $10k - $50k

SAFE Credit Union CD Rates

3.82%$500-9 Month CD Special
3.82%$500-Business 9 Month CD Special
3.45%*$25k*-60 - 72 Month CD
OTHER TIERS: 3.40% $500 - $25k
3.25%*$25k*-48 - 59 Month CD
OTHER TIERS: 3.20% $500 - $25k
3.14%*$25k*-36 - 47 Month CD
OTHER TIERS: 3.04% $500 - $25k
3.04%$500-3 - 5 Month CD
3.04%*$25k*-24 - 35 Month CD
OTHER TIERS: 2.78% $500 - $25k
2.78%$500-24 Month Bump-Up CD
2.58%*$25k*-12 - 23 Month CD
OTHER TIERS: 2.43% $500 - $25k
2.43%$25-12 Month Add-On CD
2.43%$500-12 Month Bump-Up CD
2.27%*$25k*-6 - 11 Month CD
OTHER TIERS: 1.92% $500 - $25k

SAFE Credit Union IRA Rates

3.82%$500-9 Month IRA Special
3.45%*$25k*-60 - 72 Month IRA
OTHER TIERS: 3.40% $500 - $25k
3.25%*$25k*-48 - 59 Month IRA
OTHER TIERS: 3.20% $500 - $25k
3.14%*$25k*-36 - 47 Month IRA
OTHER TIERS: 3.04% $500 - $25k
3.04%$500-3 - 5 Month IRA
3.04%*$25k*-24 - 35 Month IRA
OTHER TIERS: 2.78% $500 - $25k
2.78%$500-24 Month Bump-Up IRA
2.58%*$25k*-12 - 23 Month IRA
OTHER TIERS: 2.43% $500 - $25k
2.43%$25-12 Month Add-on IRA
2.43%$500-12 Month Bump-Up IRA
2.27%*$25k*-6 - 11 Month IRA
OTHER TIERS: 1.92% $500 - $25k


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