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SAFE Credit Union is an American state-chartered credit union headquartered at Folsom, California. [1] It has 20 branches in the Greater Sacramento area. [ 2 ] As of 2023 [update] , it was the second-largest credit union in the Sacramento area with $4.52 billion in assets.
This is a partial list of credit unions in the United States.. A credit union is a member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members. [1]
As of March 2020, the largest American credit union was Navy Federal Credit Union, serving U.S. Department of Defense employees, contractors, and families of servicepeople, with over $125 billion in assets and over 9.1 million members. [5] Total credit union assets in the U.S. reached $1 trillion as of March 2012. [6]
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The Federal Deposit Insurance Corporation federally insures most traditional banks in case of failure. But credit unions are not considered traditional banks. Is a credit union FDIC insured?
SAFE Credit Union Convention Center pre-renovation. The SAFE Credit Union Convention Center, located at 1400 J Street, is a convention and meeting venue. The Convention Center features an exhibit hall with 240,000 square feet (22,000 m 2) of programmable space, 160,000 square feet (15,000 m 2) of exhibit space, 2 ballrooms, and 37 meeting rooms.
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As of November 2023, the network included 5,700 participating locations. While mostly composed of US based credit unions, the network is international. [2] Shared branches are useful for domestic or international traveling, changing credit unions, and easily using a credit union that is closer to a customer versus their own branch. [3]