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Safeway Credit Union

Overview
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Safeway Credit Union is a federal credit union based in Spokane, Washington. It has been opened since 1952, for 68 years.

With around $57,760,000 in assets, Safeway Credit Union is considered to be a large credit union. It has 1 branches and 1 ATM locations.

About
Address 529 E. North Foothills Drive
Spokane, Washington 99207
Website http://safewayfcu.com
Phone (509) 483-9416
Fax (509) 483-1014
CEO Steve G. Olson
President of the Board James Ingebritsen
Services Offered
Map
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Score Card
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68 years
Years in business
Opened in 1952
Well Capitalized
Net worth classification
Source: NCUA
4,434 members
Membership type: Multiple common bond – other
Average number of members
355:1
Credit union member to staff ratio
355 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$57,757,394
Total assets
Above average
1 branch
Compared with an average of 4 nationally and 6 in Washington
Average number of branches
0.50%
Savings interest rate
Compared to 0.3% nationally
9.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 6 in Washington
Average number of branches
Safeway Credit Union Branch Locations

Safeway Credit Union: Office
529 E. North Foothills Drive
Spokane, Washington 99207
ATM Available
Members
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4,434 members
Membership type: Multiple common bond – other
Average number of members

With 4,434 members, the Safeway Credit Union is considered to be a medium size credit union. It is larger than 54% of credit unions.

Fees
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$73
Average fee per member
The average fee per member at the Safeway Credit Union is $73, which is high compared to most credit unions. This rate is higher than 69% 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 Safeway Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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355:1
Credit union member to staff ratio
355 per each FTE employee
Compared to 411:1 nationally
Average number of staff
12 staff members
FTE (full-time equivalent)
8% of employees are part-time
12 full-time, 1 part-time

Safeway Credit Union has 12 full-time staff members and 1 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. Safeway Credit Union has around 355 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets
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$57,757,394
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.
22.2%
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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$9,796
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 47% of credit unions.

Safeway Credit Union holds a total of $29,690,000 in loans and leases, which is about $9,796 per member on average.

Savings interest rate
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0.50%
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. Safeway Credit Union pays 0.50%.

Loan rates
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9.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
11.90%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.49%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.54%
New car loan rate
Compared to 4.0% nationally
2.54%
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
5.00%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally