Safe 1 Credit Union

Organization Overview

Safe 1 Credit Union is located in Bakersfield, CA. The organization was established in 0000. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Safe 1 Credit Union employed 152 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Safe 1 Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2023, Safe 1 Credit Union generated $47.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $34.3m during the year ending 12/2023. While expenses have increased by 12.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDED DEPOSIT AND LOAN ACCOUNTS TO 81,521 MEMBERS. PROVIDED LOW COST SOURCE OF CREDIT AND LOW COST FINANCIAL SERVICES TO OUR MEMBERS. PROVIDED SOURCE FOR MEMBER SAVINGS AND CHECKING ACCOUNT NEEDS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED DEPOSIT AND LOAN ACCOUNTS TO 81,521 MEMBERS. PROVIDED LOW COST SOURCE OF CREDIT AND LOW COST FINANCIAL SERVICES TO OUR MEMBERS. PROVIDED SOURCE FOR MEMBER SAVINGS AND CHECKING ACCOUNT NEEDS.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
David King
Ceo/president
$419,226
Carol Dobbs
Evp-Risk
$317,483
Cindy Wonderly
Cfo/evp-Finance
$287,422
Michael George
Evp-Marketing
$247,138
Timothy Spencer
Evp-Lending
$240,268
Lorraine Townsend
Evp-Operations
$230,568

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$30,621,708
Investment income $4,597,915
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $47,057,316

Peer Organizations

Organization NameAssets
Educational Employees Credit Union
Fresno, CA
$167,213,088
Selco Community Credit Union
Springfield, OR
$139,819,159
One Az Credit Union
Phoenix, AZ
$127,189,432
Credit Unions In The State Of California
Rancho Cucamonga, CA
$120,311,183
Premier America Credit Union
Chatsworth, CA
$127,070,331
Credit Unions In The State Of California
Downey, CA
$112,970,824
Credit Unions In The State Of California
Santa Ana, CA
$118,830,990
Credit Unions In The State Of California
San Diego, CA
$133,395,792
Advantis Credit Union
Oregon City, OR
$98,680,885
Credit Unions In The State Of California
Hollywood, CA
$100,298,881
Greater Nevada Credit Union
Carson City, NV
$81,598,679
Frontwave Credit Union
Oceanside, CA
$81,717,886
Truwest Credit Union
Tempe, AZ
$92,658,143
Credit Unions In The State Of California
Eureka, CA
$85,336,490
Schools Financial Credit Union
Sacramento, CA
$101,261,825
San Francisco Fire Credit Union
San Francisco, CA
$76,702,935
Credit Unions In The State Of California
Yuba City, CA
$66,362,551
Arizona Financial Credit Union
Phoenix, AZ
$80,017,866
Unitus Community Credit Union
Portland, OR
$70,835,899
Keypoint Credit Union
San Jose, CA
$69,312,506
Credit Unions In State Of Arizona
Glendale, AZ
$73,825,794
Credit Unions In The State Of
San Diego, CA
$62,378,718
Rivermark Community Credit Union
Beaverton, OR
$65,250,684
University Credit Union
Los Angeles, CA
$60,522,723
Credit Unions In The State Of California
Ventura, CA
$66,662,060

Create an account to unlock the data you need.

or