credit union

Safe 1

Bakersfield, CA · Est. 1952
A
Trust Grade
Excellent
Score: 98/100

Safe 1 is a credit union based in Bakersfield, California, established in 1952, with $1.1 billion in total assets serving 89,063 members. By Trust Grade it ranks 20th of 241 credit unions we track in California. Its net worth ratio of 16.2% is stronger than 95% of similarly sized credit unions, versus a California median of 11.1%. It was profitable over the most recent period, with a 1.79% return on assets. No consumer complaints against Safe 1 appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.

Total assets
$1.1B
$1B–10B institution
Members
89,063
Shares & deposits
—
Net worth ratio
16.2%
Top 5% of $1B–10B peers · California median 11.1%
Return on assets
1.8%
Top 2% of $1B–10B peers · California median 0.5%
Rank in California
#20
of 241 credit unions

How Safe 1 compares to California peers

Net worth ratio
Top 5% of $1B–10B peers
Safe 1
16.2%
California median
11.1%
Higher capital ratio = stronger financial cushion
Return on assets
Top 2% of $1B–10B peers
Safe 1
1.8%
California median
0.5%
Higher ROA = more profitable relative to asset base

How we graded Safe 1

The Trust Grade blends financial strength with complaint history. Full methodology →

Financial strength
98/100
Customer experience
n/a
Overall
A · 98
  • Strongly capitalized (16.2% capital ratio)
  • Strongly profitable (ROA 1.79%)
  • No CFPB complaints on record

Consumer complaints (CFPB)

No CFPB complaints are on file for Safe 1 over the analysis window. For a smaller institution this is common and counts in its favor.

Are deposits at Safe 1 insured?

Yes. Safe 1 is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.

Safe 1: frequently asked questions

Is Safe 1 a good credit union?

Safe 1 earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (16.2% capital ratio); Strongly profitable (ROA 1.79%).

Is Safe 1 NCUA-insured?

Yes. Safe 1 is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.

How big is Safe 1?

Safe 1 holds $1.1 billion in total assets, ranking 20th of 241 credit unions we track in California. It serves 89,063 members.

Does Safe 1 have CFPB complaints?

No CFPB complaints against Safe 1 appear in our data over the analysis window, which is typical for a credit union of this size.

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Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.

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