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 80th largest credit union in the nation. It was established in 1940 and as of June of 2023, it had grown to 765 employees and 236,694 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

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

Posted by: |

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.

Safe Credit Union Stealing Hard Earned Interest From Customers

Posted by: |

Safe credit union stealing hard earned interest from customers

We went to Natomas branch and were told that CD is due 7/12/23 which SCU staff had included the grace period. Talked to John branch manager who was of no assistance. Micah Grant, VP of Corporate Communications called us to so we can resolve the issue. Instead of also representing the SCU customer, he was a shark and sided with VP of Retail Staci Corral who only understands and cares about her bonus. They did not even bother to call a 80 year old woman but stole her hard earned interest money. There isn't sufficient time allocated or allowed at the time of signing the disclosure to go over every detail. What recent effort was made to let customer aware of these?
It is unfair that you are stealing our earned interest in the name of disclosure that your staff does not read or allocate adequate amount of time.

Micah and Staci - you have failed to respond to SCU customer questions about predatory practice at your bank.

To all wonderful hard working SCU customers, take your money elsewhere as the executives at this bank will throw you under bus.

Thank you,
PBS Kaur Singh



Health Grade Components

NCUA #68366
Year Chartered1940
Primary Regulator
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD7.37%
Annual Interest Income$76.4MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$4.74B$4.47B
LoansQ2 2023vs Q2 2022$3.28B$2.71B
DepositsQ2 2023vs Q2 2022$4.08B$4.11B
Equity CapitalQ2 2023vs Q2 2022$296.0MM$308.1MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$12.8MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$13.4MM$10.0MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
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* 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%*$250k*-Level Up Money Market
OTHER TIERS: 2.02% Up to $25k | 2.53% $25k - $50k | 2.78% $50k - $100k | 3.04% $100k - $250k
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+
0.35%*-$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

3.45%*$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

3.45%*$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


Sacramento Area

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