SAFE Credit Union
Nonprofit profile at a glance
- EIN
- 941179501
- IRS 990 coverage
- 2010–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025
- Location
- Folsom, CA, USA
- Phone
- 9169797233
- Rating confidence
- Limited
Reported finances
- Revenue
- $243,941,706
- Expenses
- $215,474,450
- Assets
- $4,389,837,449
- Liabilities
- $3,993,030,400
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- Faye Nabhani (President/CEO)
Highest reported compensation
- Faye Nabhani (President/CEO): $1,304,533 total reported compensation
- Damian Azimi (Sr Mortgage Officer): $1,097,789 total reported compensation
- Chris Harris (FORMER KEY EMPLOYEE (TERMED 10/10/2024)): $1,020,998 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Safe credit union's purpose statement is building financial freedom. Safe believes in financial freedom. This belief drives our commitment to serving members with knowledge and opportunities to build financial freedom.
What it reported doing in 2025
Safe has served the sacramento area since 1940, and now has membership spanning 13 counties in northern California. Safe has 19 branches in three of these counties: sacramento, placer and yolo. Safe serves approximately 374,010 members. Safe offers depository, lending and other financial products and services to help its members improve their financial well-being. As a not for profit, safe is able to deliver benefits to its membership through lower loan rates and higher deposit rates. In addition, safe members enjoy the following benefits: access to over 33,000 atms nationwide, access to over 5,550+ shared branch locations nationwide, ability to perform point-of-sale (pos) transactions, free online banking and bill pay, financial management tools and early payday with direct deposit.
Operating model
- Revenue model
- Other-operating. 85% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 78
- Accountability: 100
- Sustainability: 67
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 10th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 59.4%; rating input score 59; 16th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 11.7%; rating input score 74; 74th percentile among comparable filings
- Total-asset coverage ratio: 20.37; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0.91; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 3.7%; rating input score 34; 34th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 7.5% per year; rating input score 100; 59th percentile among comparable filings
- Asset growth: 7.3% per year; rating input score 100; 52nd percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 10 of 10 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $1.3M · 22 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $8.8M reported
- Consistency: 13 of 15 current checks pass · 2 findings to review
- Schedules: 6 filed schedules · includes grants and executive pay
- Filing history: 15 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 31 filed money-flow records
- Related organizations: 9 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Transparency & Controls: Grant itemization coverage scored 59/100.
- Moderate — Transparency & Controls: Fund balance restriction sum did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- Moderate — Sustainability: Officer compensation ratio scored 34/100.