Overview / Commentary
Safeway Federal Credit Union is headquartered in Spokane and is the 55th largest credit union in the state of Washington. It is also the 2,148th largest credit union in the nation. It was established in 1952 and as of March of 2022, it had grown to 11 employees and 4,407 members at 1 location. Safeway Federal Credit Union has an A health rating.
Field of Membership Restrictions
Membership is open to employees or retirees of the Seattle Division of Safeway Inc. and their family.
See current membership details
Health
A
Data as of Q1 2022
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Safeway Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 8132 |
| Year Chartered | 1952 |
| Employees | 11 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.36% |
| Return on Equity - YTD | 1.9% |
| Annual Interest Income | $358.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2022vs Q1 2021 | $74.8MM$71.0MM |
| Loans | Q1 2022vs Q1 2021 | $33.7MM$32.7MM |
| Deposits | Q1 2022vs Q1 2021 | $60.1MM$56.8MM |
| Equity Capital | Q1 2022vs Q1 2021 | $14.1MM$13.8MM |
| Loan Loss Allowance | Q1 2022vs Q1 2021 | $115.00K$143.00K |
| Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $170.00K$158.00K |
| Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |