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Safe Credit Union

Overview
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Safe Credit Union is a federal credit union based in Sumter, South Carolina. It has been opened since 1955, for 65 years.

With around $1,052,860,000 in assets, Safe Credit Union is considered to be a very large credit union. It has 19 branches and 17 ATM locations.

About
Address P. O. Box 2008
Sumter, South Carolina 29151
Website https://www.safefed.org
Phone (803) 469-8600
Fax (803) 469-4050
CEO Darrell D. Merkel
President of the Board Kay Oldhouser Davis
Services Offered
Map
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Score Card
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65 years
Years in business
Opened in 1955
Well Capitalized
Net worth classification
Source: NCUA
125,510 members
Membership type: Multiple common bond – primary military
Above average number of members
410:1
Credit union member to staff ratio
410 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$1,052,862,332
Total assets
Above average
19 branches
Compared with an average of 4 nationally and 4 in South Carolina
Above average number of branches
0.20%
Savings interest rate
Compared to 0.3% nationally
11.24%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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19 branches
Compared with an average of 4 nationally and 4 in South Carolina
Above average number of branches
Safe Credit Union Branch Locations

Safe Credit Union: Lugoff
624 Highway 1 S.
Lugoff, South Carolina 29078
ATM Available
Safe Credit Union: Bishopville
596 Sumter Highway
Bishopville, South Carolina 29010
ATM Available
Safe Credit Union: Lewis Road
1855 Lewis Road
Sumter, South Carolina 29154
ATM Available
Safe Credit Union: Lee Central
1800 Wisacky Highway
Bishopville, South Carolina 29010
No ATM
Safe Credit Union: Eastover Mill
4001 Mccords Ferry Road
Eastover, South Carolina 29044
ATM Available
Safe Credit Union: Richland Northeast
7500 Brookfield Road
Columbia, South Carolina 29223
No ATM
Safe Credit Union: Admin
160 W. Wesmark Boulevard
Sumter, South Carolina 29150
ATM Available
Safe Credit Union: Garners Ferry
7836 Garners Ferry Road
Columbia, South Carolina 29209
ATM Available
Safe Credit Union: Florence
1319 2nd Loop Road
Florence, South Carolina 29505
ATM Available
Safe Credit Union: Manning
2346 Paxville Highway
Manning, South Carolina 29102
ATM Available
Safe Credit Union: Shaw Branch
522 Exchange Street
Shaw Afb, South Carolina 29152
ATM Available
Safe Credit Union: Street Andrews
595 Saint Andrews Road
Columbia, South Carolina 29210
ATM Available
Safe Credit Union: Mccrays
1970 Mccrays Mill Road
Sumter, South Carolina 29150
ATM Available
Safe Credit Union: Oswego
65 Oswego Highway
Sumter, South Carolina 29150
ATM Available
Safe Credit Union: Sumter- Wesmark
170 W. Wesmark Boulevard
Sumter, South Carolina 29150
ATM Available
Safe Credit Union: Sandhill Staton
727 Fashion Drive
Columbia, South Carolina 29229
ATM Available
Safe Credit Union: West Columbia
201 North 12th Street
West Columbia, South Carolina 29169
ATM Available
Safe Credit Union: Lexington
5388 Augusta Road
Lexington, South Carolina 29072
ATM Available
Safe Credit Union: Camden
407 Rutledge Street
Camden, South Carolina 29020
ATM Available
Members
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125,510 members
Membership type: Multiple common bond – primary military
Above average number of members

With 125,510 members, the Safe Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 97% of credit unions.

Fees
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$102
Average fee per member
The average fee per member at the Safe Credit Union is $102, which is very high compared to most credit unions. This rate is higher than 85% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Safe Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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410:1
Credit union member to staff ratio
410 per each FTE employee
Compared to 411:1 nationally
Fewer staff
306 staff members
FTE (full-time equivalent)
8% of employees are part-time
294 full-time, 24 part-time

Safe Credit Union has 294 full-time staff members and 24 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 92% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Safe Credit Union has around 410 members per staff, a higher ratio compared to other credit unions.

Assets
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$1,052,862,332
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
11.6%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$13,620
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 74% of credit unions.

Safe Credit Union holds a total of $825,030,000 in loans and leases, which is about $13,620 per member on average.

Savings interest rate
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0.20%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Safe Credit Union pays 0.20%.

Loan rates
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11.24%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
10.99%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
7.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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4.24%
New car loan rate
Compared to 4.0% nationally
4.49%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.25%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.38%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
6.95%
Other real estate loan rates
Compared to 0.9% nationally
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