SAFE Credit Union
| Formerly | Sacramento Air Depot Federal Credit Union |
|---|---|
| Company type | Credit Union |
| Industry | Financial services |
| Founded | 1940 |
| Founder | Employees at the Sacramento Air Depot |
| Headquarters | Folsom, California , |
Number of locations | 20 branches (2022) |
Area served | Sacramento |
Key people | Faye Nabhani (President/CEO) |
| Products | Savings, checking, consumer loans, mortgage loans, credit cards, online banking, investments, insurance |
| Total assets | US$4.5bn (2022) |
Number of employees | 773 (2022) |
| Website | https://www.safecu.org/ |
SAFE Credit Union operates as a state-chartered credit union headquartered in Folsom, California, with a network of 20 branches serving the Greater Sacramento region. By 2023, it holds the position of the second-largest credit union in the Sacramento market, managing assets totaling $4.52 billion.
History
Originally established in 1940 under the name Sacramento Air Depot Federal Credit Union to serve employees of the Sacramento Air Depot, the institution transitioned to a state charter in 1998 and adopted the SAFE Credit Union name.
In 2007, SAFE expanded by acquiring Capital Power Credit Union—founded in 1954—rebranding its sole branch while maintaining existing personnel. Subsequently, in 2009, it merged with American River HealthPro Credit Union based in Rancho Cordova, resulting in branch consolidation and rebranding of the remaining facility under the SAFE banner.
The year 2019 saw SAFE enter into a 25-year agreement for naming rights of the Sacramento Convention Center and Performing Arts District, strengthening its visibility within the region.
In 2023, Faye Nabhani was appointed as SAFE’s first female President and CEO, representing a notable advancement in the organization’s leadership history.