Safe 1 Credit Union
Only null% goes to programs Strong reserves Growing revenue
Safe 1 Credit Union is a 501(c)(14) organization based in Bakersfield, California, with $58,951,487 in FY2024 revenue. CharityIndex grades it B.
1400 Mill Rock Way, Bakersfield, CA, 93311 EIN 95-1812302
Revenue (FY2024)
$59.0M
▲ 25.3% vs prior year
Public Benefit median: $140K
Expenses (FY2024)
$45.2M
Net assets
$151.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Safe 1 Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating40 mo reserves · +23% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Safe 1 Credit Union: 40 mo reserves · +23% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Safe 1 Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Safe 1 Credit Union: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 1400 Mill Rock Way, Bakersfield, CA, 93311
- City
- Bakersfield
- State
- California
- Category
- Public & Societal Benefit
- Subcategory
- Financial Institutions
- Website
- …
Financial trends
Revenue grew from $15.9M (FY2013) to $59.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $849.7MNet assets $151.6M
Operating margin
23.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.0B
Total liabilities
$849.7M
Net assets
$151.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $58,951,487▲25.3% | $45,235,986▲32.1% | $151,607,958▲12.0% | $1,001,281,015▼3.5% | 990 |
| 2023 | $47,057,316▲30.3% | $34,255,595▲33.1% | $135,422,807▲15.2% | $1,037,445,216▲16.1% | 990 |
| 2022 | $36,115,479▲13.9% | $25,739,563▲18.6% | $117,568,504▲2.2% | $893,921,948▲1.3% | 990 |
| 2021 | $31,709,668▲8.7% | $21,697,513▼16.0% | $115,045,820▲7.6% | $882,218,839▲11.7% | 990 |
| 2020 | $29,174,406▼4.3% | $25,833,264▲12.0% | $106,906,474▲3.3% | $789,474,402▲20.9% | 990 |
| 2019 | $30,497,624▲10.7% | $23,058,918▲13.8% | $103,479,770▲7.9% | $652,808,295▲5.3% | 990 |
| 2018 | $27,555,279▼28.5% | $20,266,543▲7.4% | $95,921,303▲8.2% | $620,002,186▲2.4% | 990 |
| 2017 | $38,565,784▲121% | $18,862,694▲41.7% | $88,632,567▲28.6% | $605,418,939▲34.8% | 990 |
| 2016 | $17,419,387▲7.6% | $13,311,128▲10.7% | $68,929,477▲6.3% | $448,976,247▲10.9% | 990 |
| 2015 | $16,190,377▲2.1% | $12,027,578▲9.9% | $64,821,218▲6.9% | $404,837,548▲6.0% | 990 |
| 2014 | $15,865,112▼0.1% | $10,945,081▲1.4% | $60,658,419▲8.8% | $381,968,430▲6.3% | 990 |
| 2013 | $15,878,513 | $10,792,442▼0.2% | $55,738,388▲10.0% | $359,218,024▲3.7% | 990 |
| 2012 | — | $10,818,870▼10.5% | $50,652,317▲11.9% | $346,460,854▲4.6% | 990 |
| 2011 | — | $12,091,317▼21.0% | $45,266,852▲13.1% | $331,145,472▲2.7% | 990 |
| 2010 | — | $15,295,905 | $40,019,349 | $322,490,137 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Safe 1 Credit Union a legitimate nonprofit?
- Yes. Safe 1 Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 95-1812302, based in Bakersfield, California.
- What is Safe 1 Credit Union's EIN?
- Safe 1 Credit Union's Employer Identification Number (EIN) is 95-1812302.
- How much revenue does Safe 1 Credit Union report?
- Safe 1 Credit Union reported $58,951,487 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Safe 1 Credit Union have?
- CharityIndex grades Safe 1 Credit Union B, based on financial health (reserves and operating margin).
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Data for Safe 1 Credit Union (EIN 95-1812302) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.