2023-11-15T15:56:38-08:00 2022-12-31 RICHARDS & ASSOCIATES 21520 YORBA LINDA BLVD G-516 YORBA LINDA CA 92887 990 2022-01-01 951812302 Safe 1 Credit Union SAFE 6613273818 1400 Mill Rock Way Bakersfield CA 93311 David King CEO 2023-11-15 true David King 999009999 true Richards Associates CPAs P01070543 7142876713 0 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z David King 1400 Mill Rock Way Bakersfield CA 93311 36115479 false X safe1.org X 1952 CA Provided deposit and loan accounts to 79,174 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 11 154 14 101178 0 31208855 23045720 639514 1534748 -138701 11535011 31709668 36115479 0 1471258 1331247 10517076 11383144 0 0 11180437 13025172 23168771 25739563 8540897 10375916 882218839 893921948 767173019 776353444 115045820 117568504 Provided deposit and loan accounts to 79,174 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 79,174 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 true 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 0 0 true 154 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 356694 0 61566 Cindy Wonderly CFO/EVP-Finance 40.00 0.00 X 256399 0 55439 Lorraine Townsend EVP-Operations 40.00 0.00 224327 0 28234 Michael George EVP-Marketing 40.00 0.00 196795 0 51430 Timothy Spencer EVP-Lending 40.00 0.00 207182 0 20673 Mary Higgins VP-Compliance 40.00 0.00 133762 0 36829 Carol Dobbs EVP-Risk 40.00 0.00 147322 0 12740 Marie Rodriguez VP-Call Center 40.00 0.00 123386 0 12740 Debbie Baker Branch Manager 40.00 0.00 111341 0 0 Ron Wolfe Vice Chairman 1.00 0.00 X 2252 0 0 Serene Storslett Director 1.00 0.00 X 2212 0 0 Richard Ruiz Director 1.00 0.00 X 2205 0 0 Brian Driesen Director 1.00 0.00 X 1898 0 0 Ray Voight Chairman 2.00 0.00 X 1346 0 0 Maureen Buscher-Dang Treasurer 1.00 0.00 X 0 0 0 Dawn Cole Secretary 1.00 0.00 X 0 0 0 Michael Bennett Director 1.00 0.00 X 0 0 0 Woody Morrison Director 1.00 0.00 X 0 0 0 Vernon Powers Director 1.00 0.00 X 0 0 0 Mike Reed Director 1.00 0.00 X 0 0 0 1767121 279651 9 false true false 0 0 Interest on Loans 522100 23045720 23045720 23045720 1534748 1534748 0 0 0 0 0 0 0 Fee Income 11535011 11433833 101178 11535011 36115479 36014301 101178 X 0 0 0 1331247 1468652 0 9914492 0 0 0 0 0 0 0 0 0 2755933 111441 3780333 0 0 1983268 176633 0 0 858 0 0 0 Provision for Loan Loss 1975000 Loan Servicing Fees 1044014 Other non-operating expense 959580 Regulatory Supervision 110855 127257 25739563 0 0 0 12687025 12588638 102290281 24193112 0 0 610675909 682979590 0 0 0 0 27950176 11399493 13564002 16550683 0 0 96735197 105924346 0 46266425 51685579 882218839 893921948 8915728 11176699 758257291 765176745 767173019 776353444 X 115045820 117568504 115045820 117568504 882218839 893921948 X 10375916 -7853232 X false false false 2891002 2891002 14986877 6799467 8187410 1060427 923203 137224 9011870 3676823 5335047 16550683 105924346 Accrued interest receivable 1726241 Core deposit intangible 664915 Operating Lease RUA 1247695 Prepaid expenses and other assets 40304780 Share insurance deposit 7741948 51685579 Other deposits 235400437 Share Drafts 162008531 Share Savings 367767777 765176745 false false false Carol Dobbs EVP-Risk 147322 12740 160062 Cindy Wonderly CFO/EVP-Finance 256399 18273 37166 311838 David King CEO/President 356694 24400 37166 418260 Lorraine Townsend EVP-Operations 224327 15831 12403 252561 Mary Higgins VP-Compliance 133762 36829 170591 Michael George EVP-Marketing 196795 14264 37166 248225 Timothy Spencer EVP-Lending 207182 8270 12403 227855 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 AFS = -$7859349 Form 990, Part XI, Line 9 Deferred Compensation Plan = $6117