Safe 1 Credit Union

Bakersfield, California

A-Health Score
76A-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Very Good

How This Organization Compares

Compared to 9 peers in Public & Societal Benefit with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org3.95×
Peer Median11.38×
💰
$47.1M
Total Revenue
📊
$34.3M
Total Expenses
🏦
$135.4M
Net Assets
📋
$902.0M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+30.3%
Year-over-year change (2022 → 2023)
Net Margin
+27.2%
Revenue minus expenses as % of revenue
Working Capital Ratio
3.95
Net assets divided by total expenses
Liabilities-to-Assets
86.9%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$47,057,31630%$34,255,59533%$1,037,445,21616%
2022$36,115,47914%$25,739,56319%$893,921,9481%
2021$31,709,6689%$21,697,51316%$882,218,83912%
2020$29,174,4064%$25,833,26412%$789,474,40221%
2019$30,497,62411%$23,058,91814%$652,808,2955%
2018$27,555,27929%$20,266,5437%$620,002,1862%
2017$38,565,784121%$18,862,69442%$605,418,93935%
2016$17,419,3878%$13,311,12811%$448,976,24711%
2015$16,190,3772%$12,027,57810%$404,837,5486%
2014$15,865,112$10,945,0811%$381,968,4306%
2013$15,878,5132%$10,792,442$359,218,0244%
2012$16,204,3357%$10,818,87011%$346,460,8545%
2011$17,338,820$12,091,317$331,145,472

Frequently Asked Questions

What does Safe 1 Credit Union do?

Safe 1 Credit Union is a public & societal benefit nonprofit organization based in California. It is classified under NTEE code W61 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Safe 1 Credit Union financially healthy?

Based on our 9-metric Financial Health Score model, Safe 1 Credit Union has a score of 76/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Safe 1 Credit Union generate?

Safe 1 Credit Union reports $59.0M in annual revenue and holds $1.0B in total assets, based on IRS filings.

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