Safe Credit Union
501(c)(14)
Strong reserves Growing revenue
Safe Credit Union is a 501(c)(14) organization based in Folsom, California, registered in 1961, with $254,668,911 in FY2024 revenue.
2295 Iron Point Rd Ste 100, Folsom, CA, 95630 EIN 94-1179501 Since 1961
Revenue (FY2024)
$254.7M
▲ 10.8% vs prior year
Expenses (FY2024)
$230.1M
Net assets
$345.1M
Employees
843
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
★★★★
Rated on 3 of 4 criteria — the rest aren't reported in this filing type.
Capped at A — the top grade requires the fuller disclosure of a complete Form 990.
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 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 rating18 mo reserves · +10% 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 Credit Union: 18 mo reserves · +10% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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. For Safe Credit Union: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Credit Union: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Safe credit union's purpose statement is building financial freedom. safe believes in financial freedom. this belief drives our commitment to serving members with knowledge and opportunities to build financial freedom.
What they do
Safe offers a variety of deposit products including savings, checking, money market, certificate, retirement, business, and youth accounts. deposits are federally insured to at least $250,000 and backed by the full faith and credit of the united states government. safe's deposit rates are very competitive with the market. safe features both low and no-cost checking products as well as those with higher dividend rates. members can transfer funds from one deposit product or account to another quickly and seamlessly through our online, mobile, and telephone banking systems.
Safe offers a variety of low-rate products to help members with their financing needs. available loan products include auto loans, real estate mortgage loans, home equity lines of credit, home improvement loans, visa credit cards, small business loans, commercial real estate, and other secured and unsecured loans.
Contact & location
- Address
- 2295 Iron Point Rd Ste 100, Folsom, CA, 95630
- City
- Folsom
- State
- California
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $97.1M (FY2013) to $254.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $4.0BNet assets $345.1M
Operating margin
9.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.3B
Total liabilities
$4.0B
Net assets
$345.1M
Salaries & benefits
$83.9M
36% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $254,668,911▲10.8% | $230,107,484▲8.8% | $345,067,162▲11.3% | $4,305,419,611▼7.2% | 990 |
| 2023 | $229,786,087▲25.5% | $211,556,071▲41.2% | $310,119,915▲7.2% | $4,637,373,591▲2.9% | 990 |
| 2022 | $183,102,902▲12.9% | $149,829,164▲17.1% | $289,277,530▼18.2% | $4,508,747,092▲1.5% | 990 |
| 2021 | $162,136,670▼2.6% | $128,000,465▼14.0% | $353,608,661▲7.0% | $4,443,372,826▲16.5% | 990 |
| 2020 | $166,534,195▼1.1% | $148,840,008▲9.8% | $330,469,479▲6.5% | $3,814,181,101▲23.6% | 990 |
| 2019 | $168,382,611▲13.9% | $135,549,857▲14.0% | $310,423,856▲12.2% | $3,085,573,424▲7.0% | 990 |
| 2018 | $147,810,875▲18.4% | $118,887,426▲13.7% | $276,750,127▲11.6% | $2,883,729,558▲6.8% | 990 |
| 2017 | $124,805,240▲9.1% | $104,598,446▲1.7% | $247,977,102▲8.2% | $2,699,113,126▲7.8% | 990 |
| 2016 | $114,392,755▲10.7% | $102,851,535▲9.5% | $229,167,761▲5.5% | $2,502,656,736▲9.7% | 990 |
| 2015 | $103,351,050▲7.4% | $93,946,738▲9.5% | $217,260,217▲3.6% | $2,282,091,875▲6.8% | 990 |
| 2014 | $96,192,598▼0.9% | $85,823,155▲2.9% | $209,732,394▲6.3% | $2,137,634,239▲6.6% | 990 |
| 2013 | $97,111,519 | $83,442,637▲8.0% | $197,299,870▲0.7% | $2,004,704,102▲5.2% | 990 |
| 2012 | — | $77,246,136▼5.8% | $195,867,347▲14.4% | $1,906,193,997▲7.0% | 990 |
| 2011 | — | $82,005,471▼12.6% | $171,263,375▲18.3% | $1,781,163,623▲5.1% | 990 |
| 2010 | — | $93,844,957 | $144,771,662 | $1,695,023,052 | 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.
Leadership & compensation (FY2024)
Highest-paid: Faye Nabhani — $1,202,025 (0.52% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Faye Nabhani | President/ceo | 40 | $1,202,025 |
| Damian Azimi | Sr Mortgage Officer | 40 | $1,044,937 |
| Chris Harris | Evp/cso | 40 | $705,227 |
| Brandi Schaefer | Sr Mortgage Officer | 40 | $602,164 |
| Jeffrey Impey | Wealth Advisor | 40 | $530,640 |
| Tiffani Vargas | Evp/clo | 40 | $482,304 |
| Colleen Nerius | Evp/chro | 40 | $478,044 |
| Michael Mccarthy | Svp/cto | 40 | $474,099 |
| Alexis Fitzpatrick | Evp/cfo | 40 | $416,268 |
| Jerrod Keller | Evp/cxo | 40 | $292,699 |
| Diane Hicks | Sr Mortgage Officer | 40 | $250,770 |
| William G Erb | Mortgage Sales Team Lead | 40 | $123,012 |
| Donald Ball | Treasurer, 1st Asst. Secretary | 5 | $3,432 |
| Sonbol Aliabadi | Director | 4 | $2,500 |
| Robert Logue | Director | 5 | $2,120 |
| Rick Blumenfeld | Chairperson | 12 | $2,048 |
| Sonia Lewis | 1st Vice Chairperson | 6 | $1,756 |
| Ryan Larkin | Secretary | 8 | $1,617 |
| Trish Rodriguez | Director | 3 | $1,497 |
| Bernadette Austin | Director | 3 | $1,453 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Ncr Corporation | Atm & Online Banking Services | $2,528,680 |
| Cook Solutions Group Inc | Atm Servicing and Security | $2,370,377 |
| Infoimage | Mailing of Statements/letters | $1,402,761 |
| Cpi Card Group - Tennessee Inc | Debit and Credit Card Issuance | $1,292,010 |
| Fiserv Inc | Core System Software Provider | $1,286,594 |
Grants made · $144K in FY2024
8 grants totaling $144K in FY2024. All grants made by Safe Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| Aerospace Museum of California Foundation | Sponsorship and support of community-related programs and fundraisers | $25,750 |
| Saint Johns Program For Real Change | Q2 grant recipient-saint john's party for change | $25,000 |
| Made Here Cdc | Q3 grant recipient - hacker lab edu | $20,000 |
| Health Education Council Serving Populations At Risk | Q1 grant recipient - health education council | $20,000 |
| Womens Empowerment | Q4 grant recipient - women's empowerment | $20,000 |
| Folsom Economic Development Corporation | Support for the economic development within the city of folsom | $20,000 |
| Sacramento County Office of Education | Support of local high school scholarships visa academic decathlon | $7,400 |
| United Way California Capital Region | United in purpose gala | $5,500 |
Frequently asked questions
- Is Safe Credit Union a legitimate nonprofit?
- Yes. Safe Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 94-1179501, based in Folsom, California.
- What is Safe Credit Union's EIN?
- Safe Credit Union's Employer Identification Number (EIN) is 94-1179501.
- How much revenue does Safe Credit Union report?
- Safe Credit Union reported $254,668,911 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Safe Credit Union's highest-paid employee make?
- The highest reported compensation on Safe Credit Union's latest Form 990 is $1,202,025, paid to Faye Nabhani (President/ceo).
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Data for Safe Credit Union (EIN 94-1179501) 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.