# SAFE
FOLSOM, CA · NCUA charter 68366 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/safe-68366

Who the members are: state charter, organized 1940, low-income designated. 246,385 members of 5,467,011 potential (4.5% of the field); checking penetration 70% (share draft accounts per 100 members); loans per 100 members 54.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $4.45B |
| Members | 246,385 (1.0% YoY) |
| Full-time staff | 660 |
| Net worth | $466.8M |
| Net worth ratio | 10.5% (p44 of band) |
| ROA (annualized) | 0.93% (p68 of band) |
| Total delinquency | 0.42% (p28 of band) |
| Net charge-offs (annualized) | 0.31% (p26 of band) |
| Loans / shares | 80% (p32 of band) |
| Cash / assets | 8.7% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.86% (p20 of band) |
| Operating expense / assets | 3.12% (p43 of band) |
| Vehicles % of loans | 28% (p54 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 81% |
| Third-party paper % of net worth | 194% (p66 of band) |
| Vehicle delinquency | 0.47% (p36 of band) |
| Vehicle NCO | 0.56% (p22 of band) |
| Repossessed % of vehicle book | 0.00% (p11 of band) |
| Real estate % of loans | 56% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 4% |
| Commercial % of net worth | 82% |
| Core shares % of member funds | 40% |
| Certificates % of member funds | 19% |
| Average share balance | $10,182 |
| Participations bought / yr | $284.1M |
| Participations sold / yr | $0 |
| Participations outstanding | $198.3M |
| Loans outstanding per 100 members | 54% |
| Loans granted per 100 members, annualized | 7% |
| Average loan balance | $24,072 |
| Loans granted, annualized | $622.1M |

## Participation posture (from the same filings)

Bought $284.1M and sold $0 in the latest annualized quarter; $198.3M outstanding purchased (42.5% of net worth), $2.9M sold and retained. Sold in 0 and bought in 3 of the last 8 quarters. Shares -1.1% year over year.

## Flags firing in the latest filing

- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 3 | thin capital, net worth falling |  |
| 2017-06 | 1 |  | thin capital, net worth falling |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 2 | loans>95% of shares |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 1 |  | loans>95% of shares |
| 2019-09 | 1 |  |  |
| 2019-12 | 2 | delinquency rising |  |
| 2020-03 | 2 |  |  |
| 2020-06 | 4 | thin capital, net worth falling, margin squeeze | delinquency rising |
| 2020-09 | 4 |  |  |
| 2020-12 | 4 |  |  |
| 2021-03 | 4 |  |  |
| 2021-06 | 2 |  | net worth falling, margin squeeze |
| 2021-09 | 2 |  |  |
| 2021-12 | 2 |  |  |
| 2022-03 | 2 |  |  |
| 2022-06 | 3 | delinquency rising |  |
| 2022-09 | 2 |  | delinquency rising |
| 2022-12 | 2 |  |  |
| 2023-03 | 1 |  | thin capital |
| 2023-06 | 4 | thin capital, members leaving, leaning on borrowings |  |
| 2023-09 | 3 |  | members leaving |
| 2023-12 | 4 | members leaving |  |
| 2024-03 | 2 |  | thin capital, members leaving |
| 2024-06 | 2 |  |  |
| 2024-09 | 2 |  |  |
| 2024-12 | 2 | assets shrinking | leaning on borrowings |
| 2025-03 | 2 |  |  |
| 2025-06 | 2 |  |  |
| 2025-09 | 2 |  |  |
| 2025-12 | 1 |  | assets shrinking |
| 2026-03 | 1 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-08-28 [SAFE Credit Union launches member vote on proposed combination with BECU - Gold Mountain California News Media](https://news.google.com/rss/articles/CBMitwFBVV95cUxQVnFvQU9uN3RoOE9DMTVYWEktUVFfUGtVbm1yS19RUWdoUHBHTHM2TFNQbW1hQ3ZkT0x1ZkRFbmJ4X3lwZDFqeEdvRl9HQmlDdjIwVmlCUGRLaDhHYkNPdUE2WkNUQXZSSjJfOUVtWmRLZDY4aUxQM3VNdTVZWWdDMlpSWVZYSDVDVVpzZ3Z0amVpRHRhVkduNW5NRzRLV1I3RjYxSHF5WS05Q1Bpd3pQelVXY1ZqMTA?oc=5) · Gold Mountain California News Media
- 2026-08-04 [NCUA, CA DFPI and WA DFI grant regulatory approval for proposed combination of BECU and SAFE Credit Union - PR Newswire](https://news.google.com/rss/articles/CBMi8gFBVV95cUxQbHhJSUwzZGo1eXhTTDFpV0lHaXM4enBnNWlHejNFSEkyMVBoVVVnZ25rQTB5alhLeWxoWjZmYmI4bmpHN0dOMHVJRmtwZFc5ZTBvYVFXYzZtcDhYU3ZsZFNnU2piM05xUEJfUEJqWjZPY19Nd211bk5nOFlZTk9mMjdIQmJJbnh0bkQ0cDBBN1FMV1BpVExTVjZUVU9IUThjU1FmVlZiSk5jM1hidkRRTDRKRktjWXUtMnZVUnhHQ0FrSTlpQXRMWWdieE1DVzR3Q3NScGFyVlNTMFQxbGdSOGlNZEpnSGItVjlnME5Hb2FtQQ?oc=5) · PR Newswire
- 2026-06-01 [SAFE Employees Run Third Annual Flag Collection Drive Through June - Carmichael Times](https://news.google.com/rss/articles/CBMitwFBVV95cUxOU2RoV05nUllPOUxBak02c214aFpiMEpCOGx6Yld6UlFHQ3FXZFFLNkxlaGlBVjFlRDlEaDRKUURnVF9ZdjU3blB1cWZ6dWRhSlN1bW9aMDdDX0duOHhOekp4WTBjc3I2SVcwdWJOUC1TbEEtbzdnQmg4bVBmRU9tQVlsQUJVb3pBMWZUU1pNcnpiUHRMdFl4YlFPb1JSSms2MkpocDB3ZmhhY2dkX3FqY251RVVkSWM?oc=5) · Carmichael Times
- 2026-05-04 [SAFE Credit Union board elects new officers - CUInsight](https://news.google.com/rss/articles/CBMijAFBVV95cUxQUmdBcTRzLXdwdWZUT2N5YklFX296ZERaaU83c3FScUNqYkcyR3poTGo0SGJzVGo3a2ZhODc2ek9VaTcydm0xNGt5eThOUjM5S3ZzNS16S1lkZERHcmJ1UXhoelN0ZmM5M1BYY2NJdlZXTEs2bGRqZVlCaHFUWGdfX3U2LWsyVWd6bVN2MA?oc=5) · CUInsight
- 2026-07-23 [Members Mobile Launches Mobile Service with Safe 1 Credit Union to Drive Member Growth - Business Wire](https://news.google.com/rss/articles/CBMi2wFBVV95cUxNejdtYVFIbEdYLUZuTEdrN3ZiREVxbndreG9WQmItQnM4NE1XdkdzMElSZVZ3bUFNd1NlTU13ZVpPNk5KU3UyYXExV1FmVE84bnNHNkc3X2JWUktIa2VTdVV0dlJGZUhRM3pSTDJFbXR6WjM2cnJKcHJmSG1qN0xyZDEzVGt4T1BPSDFRZFZ1REpCbF9pTWlob0ZPUW9tX1oya3dqaGFhU0pKTjIwd280RWJCSWx2OUhycE5ZZEZKS0dHbVRDc2RJR2hwSGlzM3FBLWZiS0RwazFtdVk?oc=5) · Business Wire
- 2026-03-25 [A sculpture, a missing poster, and a body bag: A moon rock’s journey in Sacramento - capradio.org](https://news.google.com/rss/articles/CBMiwgFBVV95cUxPUDhmMnJtc21TN0RKY0gyQTBUTGdyamt6VEZiRzdOQ2FGVEZaX2gza2s5OG52QzJUeFgzYTV2ZmtKUzFWeG50VFBRRC1OLVU0SU55NjlRUDhQUHI3SGd4cXVDTDRPRTdHUlVPM3BkdnU2R3lEekRDWVU1cGpVc3duM2JtdmlpbVp4OWpEQlN2TWZ6c29XTG95RC0yYndtN05sbDZsWWhTcl9UV3FsUmRPQ3dPN0dmWEU3YlBWME9nSkZyQQ?oc=5) · capradio.org
- 2026-04-20 [Chipotle, SAFE Credit Union, Jetset Pilates Joining New Folsom Ranch Retail Center - Folsom Times](https://news.google.com/rss/articles/CBMiqAFBVV95cUxPVzVHN0xmc0RiUDRKTXh3T2owYndEMGJSdG4zcVFHZzJTOFFaWms2RktsZjUzVEEzR2s4RWJNVFNoaXh6OXBWM3BpaXJIV2t6QWdxb280anlKTnFlVU9OcWpuaVR6MGcyZURRbEo2akp2Skh6NTdQWE9EcEF1QTdBRVhqckhpcjZEVUV1N2RxWVJUdll0M1RLU1BlSGY0b3QyT0xWXzluQ1A?oc=5) · Folsom Times
- 2026-07-16 [Future of SAFE is still local - Gold Mountain California News Media](https://news.google.com/rss/articles/CBMifkFVX3lxTFB2U0h1SmFxRmkwQ3BuV09uYkh2em0zMjZIcjVzanRUVkxyVFVGY3pRUTJKTFlHOVRDWkQ0US16dUEyNV9PMWF0eFQ2Z0xpdExvS1JGd0N3U3JGX1l5RkRVNkJreHR5YzNIN0hydXRmRTVBR2JBaXI5Q0ZsZGY2Zw?oc=5) · Gold Mountain California News Media

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68366 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/14.json (key "68366", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=68366
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide