Nonprofit · EIN 94-1179501
SAFE CREDIT UNION
Tax-exempt · FOLSOM, CA 95630
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $243,941,706 | $215,474,450 | $28,467,256 | $4,389,837,449 | $3,993,030,400 | $396,807,049 |
| December 31, 2024 | 990 | $254,668,911 | $230,107,484 | $24,561,427 | $4,305,419,611 | $3,960,352,448 | $345,067,163 |
| December 31, 2023 | 990 | $229,786,087 | $211,556,071 | $18,230,016 | $4,637,373,591 | $4,327,253,676 | $310,119,915 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $206,397,312
- Investment income
- $33,059,757
- Net rental income
- $18,870
- Net gain from sales of assets
- -$13,404
- Other revenue
- $4,484,637
Expenses
- Grants and similar amounts paid
- $254,099
- Benefits paid to members
- $67,118,985
- Compensation of officers, directors and key employees
- $5,254,259
- Other salaries and wages
- $59,484,060
- Salaries, compensation and benefits (total)
- $81,882,868
- Professional fundraising fees
- $0
- Legal fees
- $2,063,243
- Accounting fees
- $345,469
- Occupancy
- $5,571,560
- Travel
- $250,495
- Depreciation
- $4,127,077
Balance sheet and other
- Total assets, start of year
- $4,305,419,610
- Total assets, end of year
- $4,389,837,449
- Total liabilities, end of year
- $3,993,030,400
- Net assets, end of year
- $396,807,049
- Land, buildings and equipment
- $51,511,272
- Gross unrelated business income
- $1,334,458
- Gross receipts
- $243,955,110
- Employees
- 796
- Volunteers
- 12
- Year formed
- 1940
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Faye Nabhani | President/CEO Officer | 40 | $1,237,729 | $66,804 |
| Damian Azimi | Sr Mortgage Officer Highest-paid employee | 40 | $1,035,696 | $62,093 |
| Chris Harris | FORMER KEY EMPLOYEE (TERMED 10/10/2024) Former | 40 | $1,020,998 | $0 |
| Tiffani Vargas | EVP/CLO Key employee | 40 | $751,003 | $47,540 |
| Michael McCarthy | SVP/CTO Key employee | 40 | $722,554 | $46,678 |
| Colleen Nerius | EVP/CHRO Key employee | 40 | $667,634 | $26,463 |
| Alexis Fitzpatrick | EVP/CFO Officer | 40 | $634,973 | $25,252 |
| Gina Olson | SVP/Member Services and Operations Highest-paid employee | 40 | $370,853 | $63,003 |
| Sun Park | SVP/Internal Auditor Executive Highest-paid employee | 40 | $370,655 | $47,096 |
| Michelle Bradshaw | SVP/Information Technology Highest-paid employee | 40 | $356,703 | $43,954 |
| Marleaux Flournoy | SVP/Data & Analytics Highest-paid employee | 40 | $335,105 | $51,045 |
| Martha Lofgren | 1st Vice Chairperson Trustee or director, Officer | 6 | $1,211 | $0 |
| Rick Blumenfeld | Chairperson Trustee or director, Officer | 10 | $943 | $0 |
| Bernadette Austin | 2nd Vice Chairperson Trustee or director, Officer | 7 | $937 | $0 |
| Donald Ball | Treasurer, 1st Asst. Secretary Trustee or director, Officer | 9 | $921 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ryan Larkin | Secretary Trustee or director, Officer | 5 | $361 |
| Robert Logue | Director Trustee or director | 4 | $360 |
| Trish Rodriguez | Director Trustee or director | 6 | $275 |
| Sonia Lewis | Director Trustee or director | 6 | $221 |
| Jody Porter | 2nd Vice Chairperson (Retired 4/24/2025) Trustee or director, Officer | 0 | $0 |
| Sonbol Aliabadi | Director Trustee or director | 3 | $0 |
| Terrrance Tremelling | Director Trustee or director | 6 | $0 |
990 for the year ended December 31, 2024: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Faye Nabhani | President/CEO Officer | 40 | $1,202,025 | $53,143 |
| Damian Azimi | Sr Mortgage Officer Highest-paid employee | 40 | $1,044,937 | $45,646 |
| Chris Harris | EVP/CSO Key employee | 40 | $705,227 | $16,743 |
| Brandi Schaefer | Sr Mortgage Officer Highest-paid employee | 40 | $602,164 | $19,724 |
| Jeffrey Impey | Wealth Advisor Highest-paid employee | 40 | $530,640 | $31,147 |
| Tiffani Vargas | EVP/CLO Key employee | 40 | $482,304 | $34,485 |
| Michael McCarthy | SVP/CTO Key employee | 40 | $474,099 | $34,245 |
| Colleen Nerius | EVP/CHRO Key employee | 40 | $478,044 | $15,128 |
| Alexis Fitzpatrick | EVP/CFO Officer | 40 | $416,268 | $15,965 |
| Jerrod Keller | EVP/CXO Key employee | 40 | $292,699 | $15,840 |
| Diane Hicks | Sr Mortgage Officer Highest-paid employee | 40 | $250,770 | $11,722 |
| William G Erb | Mortgage Sales Team Lead Highest-paid employee | 40 | $123,012 | $27,726 |
| Donald Ball | Treasurer, 1st Asst. Secretary Trustee or director, Officer | 5 | $3,432 | $0 |
| Sonbol Aliabadi | Director Trustee or director | 4 | $2,500 | $0 |
| Robert Logue | Director Trustee or director | 5 | $2,120 | $0 |
| Rick Blumenfeld | Chairperson Trustee or director, Officer | 12 | $2,048 | $0 |
| Sonia Lewis | 1st Vice Chairperson Trustee or director, Officer | 6 | $1,756 | $0 |
| Ryan Larkin | Secretary Trustee or director, Officer | 8 | $1,617 | $0 |
| Trish Rodriguez | Director Trustee or director | 3 | $1,497 | $0 |
| Bernadette Austin | Director Trustee or director | 3 | $1,453 | $0 |
| Martha Lofgren | Director Trustee or director | 3 | $790 | $0 |
| Jody Porter | 2nd Vice Chairperson Trustee or director, Officer | 1 | $0 | $0 |
| Terrrance Tremelling | Director Trustee or director | 8 | $0 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Brandi Schaefer | Sr Mortgage Officer Highest-paid employee | 40 | $1,864,282 | $15,188 |
| Damian Azimi | Sr Mortgage Officer Highest-paid employee | 40 | $1,049,159 | $34,196 |
| Faye Nabhani | President/CEO Officer | 40 | $968,909 | $52,657 |
| Chris Harris | EVP/CSO Key employee | 40 | $868,810 | $25,085 |
| Colleen Nerius | EVP/CHRO Key employee | 40 | $528,857 | $25,241 |
| Michael McCarthy | EVP/CTO Key employee | 40 | $494,562 | $42,776 |
| Diane Hicks | Sr Mortgage Officer Highest-paid employee | 40 | $460,051 | $14,548 |
| Alexis Fitzpatrick | EVP/CFO Officer | 40 | $446,214 | $24,603 |
| Tiffani Vargas | EVP/CLO Key employee | 40 | $409,163 | $41,763 |
| Ryan Smith | Sr Mortgage Officer Highest-paid employee | 40 | $356,387 | $36,000 |
| William G Erb | Mortgage Sales Team Lead Highest-paid employee | 40 | $309,936 | $35,472 |
| David Roughton | Former CEO Former | 0 | $310,291 | $12,320 |
| Jerrod Keller | EVP/CXO Key employee | 40 | $195,015 | $11,861 |
| Trish Rodriguez | Director Trustee or director | 3 | $3,798 | $0 |
| Donald Ball | Treasurer, 1st Asst. Secretary Trustee or director, Officer | 8 | $2,611 | $0 |
| Rick Blumenfeld | 1st Vice Chairperson Trustee or director, Officer | 11 | $1,705 | $0 |
| Bernadette Austin | Director Trustee or director | 6 | $1,658 | $0 |
| Robert Logue | Director Trustee or director | 10 | $1,522 | $0 |
| Sonia Lewis | Secretary Trustee or director, Officer | 8 | $1,064 | $0 |
| Ryan Larkin | Director Trustee or director | 8 | $956 | $0 |
| Jody Porter | 2nd Vice Chairperson Trustee or director, Officer | 3 | $0 | $0 |
| Terrrance Tremelling | Chairperson Trustee or director, Officer | 18 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2295 IRON POINT RD STE 100, FOLSOM, CA 95630-8767
- In care of
- % EMPLOYEE SERVICES
- Principal officer (990 for 2025)
- Faye Nabhani, 2295 Iron Point Rd Suite 100, Folsom, CA 956308765
- Signed the 990
- Alexis Fitzpatrick, EVP/CFO
- Phone
- (916) 979-7233
- Website
- www.safecu.org
- Return prepared by
- CROWE LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 94-1179501 or by the name SAFE CREDIT UNION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
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.
Program accomplishments
- SAFE HAS SERVED THE SACRAMENTO AREA SINCE 1940, AND NOW HAS MEMBERSHIP SPANNING 13 COUNTIES IN NORTHERN CALIFORNIA. SAFE HAS 19 BRANCHES IN THREE OF THESE COUNTIES: SACRAMENTO, PLACER AND YOLO. SAFE SERVES APPROXIMATELY 374,010 MEMBERS. SAFE OFFERS DEPOSITORY, LENDING AND OTHER FINANCIAL PRODUCTS AND SERVICES TO HELP ITS MEMBERS IMPROVE THEIR FINANCIAL WELL-BEING. AS A NOT FOR PROFIT, SAFE IS ABLE TO DELIVER BENEFITS TO ITS MEMBERSHIP THROUGH LOWER LOAN RATES AND HIGHER DEPOSIT RATES. IN ADDITION, SAFE MEMBERS ENJOY THE FOLLOWING BENEFITS: ACCESS TO OVER 33,000 ATMS NATIONWIDE, ACCESS TO OVER 5,550+ SHARED BRANCH LOCATIONS NATIONWIDE, ABILITY TO PERFORM POINT-OF-SALE (POS) TRANSACTIONS, FREE ONLINE BANKING AND BILL PAY, FINANCIAL MANAGEMENT TOOLS AND EARLY PAYDAY WITH DIRECT DEPOSIT.
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 94-1179501
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1961
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1526: CREDIT UNIONS IN THE STATE OF CALIFORNIA
- Assets (IRS master file)
- $4,389,837,449
- Income (IRS master file)
- $243,955,110
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $243,941,706 | $215,474,450 | $4,389,837,449 | IRS |
| 990 | December 2024 | $254,668,911 | $230,107,484 | $4,305,419,611 | IRS |
| 990 | December 2023 | $229,786,087 | $211,556,071 | $4,637,373,591 | XML |
| 990 | December 2022 | $183,102,902 | $149,829,164 | $4,508,747,092 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 94-1179501).
Questions about SAFE CREDIT UNION
- What is the EIN of SAFE CREDIT UNION?
- The employer identification number (EIN) of SAFE CREDIT UNION is 94-1179501.
- Is SAFE CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1961.
- Are donations to SAFE CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SAFE CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SAFE CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SAFE CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SAFE CREDIT UNION?
- The 990 for the year ended December 31, 2025 names Faye Nabhani.
- Who are the officers and directors of SAFE CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 22 people; 19 received compensation from the organization, the highest $1,237,729 (Faye Nabhani, President/CEO).
- How much revenue does SAFE CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $243,941,706, expenses of $215,474,450 and total assets of $4,389,837,449 at year end.
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