# SAFE
Sumter, SC · NCUA charter 9988 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/safe-9988

Who the members are: federal charter, multiple common bond, organized 1955, low-income designated. 140,790 members of 708,545 potential (19.9% of the field); checking penetration 66% (share draft accounts per 100 members); loans per 100 members 53.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.95B |
| Members | 140,790 (-1.6% YoY) |
| Full-time staff | 358 |
| Net worth | $208.9M |
| Net worth ratio | 10.7% (p51 of band) |
| ROA (annualized) | 1.15% (p81 of band) |
| Total delinquency | 0.65% (p53 of band) |
| Net charge-offs (annualized) | 1.49% (p96 of band) |
| Loans / shares | 76% (p24 of band) |
| Cash / assets | 9.2% |
| Borrowings / assets | 1.08% |
| Net interest margin | 3.72% (p77 of band) |
| Operating expense / assets | 3.17% (p47 of band) |
| Vehicles % of loans | 38% (p75 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 65% |
| Third-party paper % of net worth | 156% (p55 of band) |
| Vehicle delinquency | 1.18% (p85 of band) |
| Vehicle NCO | 2.01% (p84 of band) |
| Repossessed % of vehicle book | 0.07% (p49 of band) |
| Real estate % of loans | 44% |
| Credit cards % of loans | 8% |
| Unsecured % of loans | 17% |
| Commercial % of net worth | 2% |
| Core shares % of member funds | 49% |
| Certificates % of member funds | 31% |
| Average share balance | $6,127 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $3.5M |
| Loans outstanding per 100 members | 53% |
| Loans granted per 100 members, annualized | 11% |
| Average loan balance | $17,449 |
| Loans granted, annualized | $397.9M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $3.5M outstanding purchased (1.7% of net worth), $3.9M sold and retained. Sold in 2 and bought in 3 of the last 8 quarters. Shares 0.9% year over year.

## Flags firing in the latest filing

- **charge-offs p90** (`aq_nco_high`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 1 | 3rd-party paper>100% NW |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 1 |  |  |
| 2017-03 | 1 |  |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 2 | delinquency rising |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 3 | auto monoline |  |
| 2018-09 | 2 |  | delinquency rising |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 2 |  |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 2 |  |  |
| 2020-03 | 3 | net worth falling |  |
| 2020-06 | 3 |  |  |
| 2020-09 | 3 |  |  |
| 2020-12 | 4 | members leaving |  |
| 2021-03 | 3 |  | members leaving |
| 2021-06 | 2 |  | net worth falling |
| 2021-09 | 1 |  | auto monoline |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 2 | delinquency rising |  |
| 2022-09 | 3 | leaning on borrowings |  |
| 2022-12 | 2 |  | leaning on borrowings |
| 2023-03 | 2 |  |  |
| 2023-06 | 3 | charge-offs p90 |  |
| 2023-09 | 4 | net worth falling |  |
| 2023-12 | 3 |  | delinquency rising |
| 2024-03 | 1 |  | charge-offs p90, net worth falling |
| 2024-06 | 1 |  |  |
| 2024-09 | 1 |  |  |
| 2024-12 | 1 |  |  |
| 2025-03 | 2 | delinquency rising |  |
| 2025-06 | 2 |  |  |
| 2025-09 | 2 |  |  |
| 2025-12 | 1 |  | delinquency rising |
| 2026-03 | 2 | charge-offs p90 |  |

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

- 2026-08-27 [SAFE Credit Union member vote to decide fate of combination with Washington-based BECU - The Business Journals](https://news.google.com/rss/articles/CBMimgFBVV95cUxQRFRMeDk5cWpVYmF5RVF0NHRDb1lmVnY4dlloZnhyWS1HbzREazdOWEN3V2xfR1N5SHVKREFtUnMzdGFRTVhuQlljZWFYS1BPYjZyakE2dFZJTjNiUzVjREVHdWppaTVGcGdkYkdQZWFydmgwQmhNbHFqcjNDcTRGMXMyQmdLS3dKbmdaazQyUThfeTd0OFhZLTBR?oc=5) · The Business Journals
- 2026-05-16 [Brandon Oliver named senior vice president of member experience for SAFE Federal Credit Union - The Sumter Item](https://news.google.com/rss/articles/CBMixgFBVV95cUxPS09LdjVsSWVsMEFUV0gwNlN4VVluXzRfcjM0cTNNT0x3c0RCaWJDTS12UWdFVnJlQXJYMWd5REdFMHp2NlRRNTNtd05ycDJJMmI2S3JzZ0hFSElLalNObE9pcTdvODF0TmxTVzRFMGFnMENaVG9NY3cwVmMwWXRSbzE5dENZNlFwUkhrRjYtekRSdElJYkRrclBZRVNyYlVEUldIZm1jbk9xUlJJMmdEaWFUMW1PbjcyTEUzaFY5NzkwYld1VHc?oc=5) · The Sumter Item
- 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
- 2025-11-19 [BECU to create fourth-largest US credit union with SAFE Credit Union merger - FinTech Futures](https://news.google.com/rss/articles/CBMirwFBVV95cUxPOFZIZFR6aGRFbkJpMDlYVHpaSWZZV2pkMW5EdERaUUNyZHZSZUlUTXFmNHVfQUF1eEtBSGxGRjFiaGloTHhYVXpHYzlDXzBwb3RpQ0pxOWhsUDJOM0hFYzc3bDg3ems1VVhMclI0UU14NTc4ZkxjcVlBSU9RbFNWUl9VUHlsS0h2WkR4enVOekM4YWhOX2JQb0Y0QVRvOXZZM0lBd0NWSkY5RncwbEtJ?oc=5) · FinTech Futures
- 2025-11-25 [West Coast credit union merger attracts scrutiny - Business North Carolina](https://news.google.com/rss/articles/CBMifEFVX3lxTE1WUklGQzdtbi1wV2VNNjMwZWJMMXN0SC0tMnNoRndBUFZEUU50WTJ2Uzc1ekl6SmJua0lYelNuRENNcHRaN19uQ1FUcWNXWENMd0RWcEppV01sY09XLTVzV2dVdGF1N0hHcXZiVmtyeUJGYUg1aExJeXU2VHA?oc=5) · Business North Carolina
- 2026-08-04 [SAFE Credit Union merger with BECU gets regulatory approvals from states, feds - The Business Journals](https://news.google.com/rss/articles/CBMipgFBVV95cUxPbmNzdmtoMGxWa1lFUEZnOWJpcThQS1ctX2JpcGx2OW5UMU93M3JVNDdKcG9VMlpWc2k2UFN6OVVFai1JN1RtcFpQa2hWWldHOXhiRmVoX3o4TmIzQVRoa3ZScEpkRkpGLVRNazRsVVA4bTJZNHdlWjdnMlJoMGRDcDVmbDU0N1VtcTBlUk9jeGxqRHRSenloYmU0cXZCZC1mZk1yMWRR?oc=5) · The Business Journals
- 2025-10-06 [SAFE Federal Credit Union CEO, wife in ICU after motorcycle accident - WIS News 10](https://news.google.com/rss/articles/CBMinwFBVV95cUxQOVpDS1RFOHpNSkZBdDIyckFheU5GU0IwMm0zMFRKck8xa3VNZThXMnptTFFJalFydkJYUzhwX3FINVhtMTVfbmJqbmE3Ul9ZMkI1b0Q1ZlRNbWNKX0JHZ1hWLXA2TVFnWEcySkJjLVhqWWo5cmhDaGxUWGNQa1lOOGxYOS14Z3hiVGdnSjU5cjg0ODE3UzRuOGcwdkhRMkk?oc=5) · WIS News 10
- 2025-11-18 [BECU announces plan to join forces with California-based credit union - Tacoma News Tribune](https://news.google.com/rss/articles/CBMidEFVX3lxTE1oZ1NrZ0xhM1VOM1BoRVJ4VmFZVEpNTnFaenktdnRxYmxJV1loajBrUENSdldyWmdPaFh0T2U0OXFHS0E0RExTMzJxX21fTzRIb3RiQWlpZ2NWdkg4N1k0Rl9GTjFiUlVSWXZNdmhNN0FDTEhX0gF0QVVfeXFMTzlub09BUzNMWDlJTEg1anhzZVNDalVoYlFEOXZDdWxRTXNYa3ZHeGpLempsQUU3aTU0UzI5NWlEc3NFT2JELUJTNE5TM1AzUmVDV1FFbjBaSHhXalB3LTJobWZwbXNwYm5oSkdyOVpKNXNHYnk?oc=5) · Tacoma News Tribune

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=9988 (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/4.json (key "9988", 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=9988
- 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