2025-12-17T14:44:47-08:00 2024-12-31 RICHARDS & ASSOCIATES 21520 YORBA LINDA BLVD G-516 YORBA LINDA CA 92887 990 2024-01-01 951812302 Safe 1 Credit Union SAFE 6613273818 1400 Mill Rock Way Bakersfield CA 93311 David King CEO 2025-12-17 true true Richards Associates CPAs P01070543 7142876713 2024 2025-03-06 01:10:19Z X David King 1400 Mill Rock Way Bakersfield CA 93311 58951487 false X safe1.org X 1952 CA 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. 11 11 152 14 121836 0 30621708 39626507 4597915 7393843 11837693 11931137 47057316 58951487 0 5996119 11219216 12184578 13009473 0 0 16074898 21007297 34255595 45235986 12801721 13715501 1037445216 1001281015 902022409 849673057 135422807 151607958 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. false false 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. false false false false false false false false false true false true false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 9784 0 true 152 true true true false false false false false false false X 11 11 false false false false false true true true true false false true false true true true true false X David King 6613273818 1400 Mill Rock Way Bakersfield CA 93311 David King CEO/President 40.00 0.00 X 360892 0 288645 Cindy Wonderly CFO/EVP-Finance 40.00 0.00 X 255100 0 59723 Lorraine Townsend EVP-Operations 40.00 0.00 243450 0 32648 Michael George EVP-Marketing 40.00 0.00 218364 0 56784 Timothy Spencer EVP-Lending 40.00 0.00 234274 0 31914 Mary Higgins VP Compliance 40.00 0.00 149575 0 39626 Jeff Simpson VP Finance 40.00 0.00 138790 0 45057 Carol Dobbs EVP Risk 40.00 0.00 156225 0 25670 Chris Hanson VP IT 40.00 0.00 165946 0 13276 Micaela Venegas IT Supervisor 40.00 0.00 147404 0 24344 Marie Rodriguez VP Call Center 40.00 0.00 126950 0 23328 Richard Ruiz Vice Chair 2.00 0.00 X 2314 0 0 Brian Driesen Treasurer 2.00 0.00 X 2179 0 0 Tracy Chitwood Board Member 2.00 0.00 X 1743 0 0 Serene Storslett SC Chair 1.00 0.00 X 1085 0 0 Mike Reed Board Member 2.00 0.00 X 849 0 0 Ray Voight Board Member 2.00 0.00 X 0 0 0 Ron Wolfe Board Member 2.00 0.00 X 0 0 0 Maureen Buscher-Dang Board Member 2.00 0.00 X 0 0 0 Dawn Cole Chairman 2.00 0.00 X 0 0 0 Michael Bennett Secretary 2.00 0.00 X 0 0 0 Woody Morrison Board Member 2.00 0.00 X 0 0 0 Vernon Powers Board Member 2.00 0.00 X 0 0 0 Robert Dickson SC Member 1.00 0.00 X 0 0 0 Doug Kileen SC Member 1.00 0.00 X 0 0 0 2205140 641015 11 false true false 0 0 Interest on Loans 522100 39626507 39626507 39626507 7393843 7393843 0 0 0 0 0 0 0 Fee and Other Income 11931137 11809301 121836 11931137 58951487 58829651 121836 0 0 0 11219216 1930980 0 11078493 0 0 0 0 0 0 0 0 0 4503833 75598 4603923 0 0 2213477 185723 0 0 2281080 0 0 0 Provision for credit losses 4708107 Other non-operating expense 1038173 Loan Servicing Fees 930454 Other expenses 288431 178498 45235986 0 0 0 14641965 13441926 131361010 113096134 0 0 0 0 726257213 748301781 0 0 35325672 16998911 15971216 18326761 0 0 110303676 63143355 0 38910136 44971058 1037445216 1001281015 117372074 9661125 784650335 840011932 902022409 849673057 X 135422807 151607958 135422807 151607958 1037445216 1001281015 X 13715501 2469650 X false false false 3445670 3445670 18369708 7309360 11060348 2142191 1250341 891850 11368103 8439210 2928893 18326761 63143355 Other deposits 355998355 Share Drafts 168300930 Share Savings 315712647 840011932 false false false Carol Dobbs EVP Risk 149375 6850 12498 13172 181895 Chris Hanson VP IT 160349 5597 13276 179222 Cindy Wonderly CFO/EVP-Finance 248250 6850 20408 39315 314823 David King CEO/President 360892 249130 39515 649537 Jeff Simpson VP Finance 136014 2776 5542 39515 183847 Lorraine Townsend EVP-Operations 236600 6850 19476 13172 276098 Marie Rodriguez VP Call Center 120100 6850 10156 13172 150278 Mary Higgins VP Compliance 142725 6850 11966 27660 189201 Micaela Venegas IT Supervisor 144315 3089 11172 13172 171748 Michael George EVP-Marketing 212350 6014 17469 39315 275148 Timothy Spencer EVP-Lending 228260 6014 18742 13172 266188 Form 990, Part VI, Section B, Line 11b No review was or will be conducted. Form 990, Part VI, Section C, Line 19 No documents available to the public. Form 990, Part XI, Line 9 Decrease in accumulated unrealized gains/losses on def comp = -$7199 Form 990, Part XI, Line 9 Unrealized gain on available for sale securities = $2476849 Amended Explanation Part VII; Section A did not transfer over in original submisssion. Correction made to Schedule J, Part II, column iii.