Safe 1 Credit Union Bakersfield, California
Safe 1 Credit Union is a state-chartered credit union headquartered in Bakersfield, CA, established in 1952 (NCUA charter 61598), and it is regulated and insured by the NCUA. At Q2 2026 it reported 90,340 members and total assets of $1.16B (up 8.0% from Q2 2025), the 61st largest of 238 credit unions headquartered in California. Its net worth ratio was 16.03% at Q2 2026, in the well capitalized band.
Also written as Safe 1 CU
BankRegReports is independent of Safe 1 Credit Union and never asks for online banking logins or passwords.
Data as of · sourced from NCUA 5300 call reports. How we update
- Charter
- State-chartered credit union
- Regulator
- NCUA
- Deposit insurance
- NCUA (NCUSIF)
- NCUA charter number
- 61598
- Headquarters
- Bakersfield, CA
- Established
- 1952
- Total assets, Q2 2026
- $1.16B
- Assets vs Q2 2025
- +8.0%
- Members, Q2 2026
- 90,340
- Net worth ratio, Q2 2026
- 16.03%
- Latest call report
- Q2 2026, NCUA 5300 · Safe 1 Credit Union call report
- Asset rank in state
- 61st of 238 in California
- Routing number
- 322273609
- Branches
- 11
It has 4,017 more members than on June 30, 2025 (+4.7%). Its net worth ratio was up 0.84 percentage points from 15.19% on June 30, 2025. Used vehicle loans are its largest loan category, $413.3M of $890.8M in total loans on its June 30, 2026 filing. Its 60-day delinquency ratio of 0.37% is below the 0.68% median of the 454 credit unions with $1B to $10B in assets for Q2 2026. Its 16.03% net worth ratio is above that band's 10.89% median.
Credit unions merged into Safe 1 Credit Union
Chevron Valley Credit Union (2017)
Frequently asked about Safe 1 Credit Union
How big is Safe 1 Credit Union?
At Q2 2026 it reported total assets of $1.16B and 90,340 members.
Where is Safe 1 Credit Union headquartered?
It is headquartered in Bakersfield, CA, United States.
When was Safe 1 Credit Union founded?
It was established in 1952, per NCUA records.
Is Safe 1 Credit Union FDIC insured?
No. The FDIC insures banks, not credit unions. It is a federally insured credit union (NCUA charter 61598): member shares are insured by the National Credit Union Share Insurance Fund, run by the NCUA, up to $250,000 per member, per insured credit union, for each account ownership category, the same limit the FDIC applies to bank deposits.
Who regulates Safe 1 Credit Union?
It is a state-chartered credit union, supervised by its state credit union regulator and by the NCUA, which insures its shares.
Is Safe 1 Credit Union well capitalized?
Its net worth ratio was 16.03% at Q2 2026, in the well capitalized band. NCUA considers a credit union well capitalized at a net worth ratio of 7% or higher.
What is Safe 1 Credit Union's delinquency ratio?
Its delinquency ratio was 0.37% at Q2 2026: loans 60 or more days past due as a share of total loans.
What is Safe 1 Credit Union's loan-to-share ratio?
Its loan-to-share ratio was 92.42% at Q2 2026: total loans as a share of member shares and deposits.
Credit Union Profile
- Headquarters
- Bakersfield, CA 93311
- Charter Type
- State-chartered credit union
- Primary Regulator
- NCUA
- Insurance
- NCUSIF
- Established
- 1952
- NCUA Charter #
- 61598
- RSSD ID
- 30098
- Members
- 90,340
- Potential members
- 2,607,678
Size & Membership
Profitability
Q2 annualizedCapital & Asset Quality
Peer comparison: credit unions of similar size
It ranks against 454 credit unions with $1B to $10B in assets, as of Q2 2026. It is in the top quartile on 7 of 7 ranked measures.
| Metric | This credit union | Peer median | Rank among peers |
|---|---|---|---|
| Net worth ratio Middle half of peers: 9.81% to 12.63% | 16.03% | 10.89% | over 90th top |
| Return on assets Middle half of peers: 0.59% to 1.25% | 1.75% | 0.89% | over 90th top |
| Return on equity Middle half of peers: 5.37% to 10.92% | 10.93% | 8.07% | 75th top |
| Net interest margin Middle half of peers: 3.05% to 3.80% | 3.80% | 3.45% | 75th top |
| Efficiency ratio Middle half of peers: 63.16% to 77.23% | 53.22% | 70.59% | over 90th top |
| Cost of funds Middle half of peers: 1.37% to 1.99% | 1.29% | 1.68% | 79th top |
| Delinquency ratio Middle half of peers: 0.45% to 1.05% | 0.37% | 0.68% | 83rd top |
| Yield on assets Middle half of peers: 4.70% to 5.46% | 5.10% | 5.12% | 48th position only |
| Loan-to-share ratio Middle half of peers: 78.23% to 95.19% | 92.42% | 88.03% | 65th position only |
Quarterly trends
Last 6 quarters of 5300 filings. Under each chart, Q2 2026 against Q2 2025. How these charts are built
$1.16B total assets against $1.08B; $963.8M total shares and deposits against $897.6M; $890.8M total loans against $809.0M.
$186.1M net worth against $163.4M.
16.03% net worth ratio against 15.19%.
92.42% loan-to-share ratio against 90.13%.
0.37% delinquency ratio against 0.38%.
1.75% return on assets against 1.65%; 10.93% return on equity against 10.87%.
3.80% net interest margin against 3.59%.
90,340 members against 86,323.
Quarterly trend: last 6 quarters
| Quarter | Net worth ratio | ROA | Delinquency | Loan-to-share |
|---|---|---|---|---|
| June 30, 2026 | 16.03% | 1.75% | 0.37% | 92.42% |
| March 31, 2026 | 16.16% | 1.79% | 0.32% | 85.86% |
| December 31, 2025 | 15.92% | 2.25% | 0.39% | 90.06% |
| September 30, 2025 | 15.69% | 1.79% | 0.30% | 92.03% |
| June 30, 2025 | 15.19% | 1.65% | 0.38% | 90.13% |
| March 31, 2025 | 15.08% | 1.59% | 0.33% | 84.56% |
Scroll sideways to see every column.
How we read these figures
Glossary: net worth ratio, delinquency, ROA, loan-to-share. The net worth category is ours, from NCUA's 7% well and 6% adequately capitalized cutoffs. It is not NCUA's determination, which can differ. ROA, ROE and margin annualize the quarter; NCUA's Financial Performance Report annualizes the year to date (YTD). Peer rank interpolates size-band percentiles. Methodology.