SAFE Assurance

Your money is safe here. We're here to assure you, SAFE's financial standing is strong. Here's why you can continue to look to us with confidence. 

Rest assured. Your credit union is strong!

We understand that recent economic events may have you feeling uncertain about the safety and security of your hard-earned money. Among many questions, you might be wondering where SAFE fits into the mix. Let us assure you, SAFE is financially sound and well-prepared to deal with today's complex economic challenges. With more than 68 years of serving members, SAFE's strong financial position is a testament to our commitment to responsible management and long-term sustainability.

Below are some special FAQs to help you better understand where SAFE stands in comparison to some of the other institutions you may have read about recently. 

FAQs about SAFE's Stability

As a member of SAFE, you can have peace of mind knowing our interests are always aligned with yours. Here we've answered some of your most pressing questions regarding SAFE's condition and the safety of your deposits. 

How is SAFE different from the failed banks?

SAFE has very little in common with those failed banks. Unlike SAFE, which focuses on auto loans, mortgages, and consumer finance, each of those failed institutions specialized in much riskier areas. Silicon Valley Bank (SVB) specialized in tech startups while Silvergate Bank and Signature Bank were heavily involved in crypto currency. While those areas offered potential reward, they carried considerable risk. Ultimately, the risk translated into losses and balance sheet issues they could not overcome. With our focus on family finances, SAFE’s path is more traditional and far more stable.

Should I be concerned at all about the stability of SAFE?  

At SAFE, our balance sheet remains strong and our approach just brought us one of the most successful years in our long history. We are investing in ways to help SAFE build on those successes. At this very moment, SAFE is busy installing brand-new ATMs and PTMs to better serve our members. Advanced technology is being applied in other areas as well. These advancements make SAFE more competitive, more efficient, and better prepared for the future.

Should I be concerned about my accounts since banks are failing?  

You can rest easy. SAFE has a strong history and future. SAFE paid bonus dividend/interest rebates to its members this past January for the 26th consecutive year.  Our top priority is your financial success, and we focus on financial security. 

Are my deposits insured? 

Yes, your funds are insured through NCUA up to $250,000 per share owner. You can visit for more information about the National Credit Union Share Insurance Fund coverage for consumers. 

What about the safety of credit unions in general?

The credit union system remains well-capitalized and on a solid footing. The National Credit Union Administration (NCUA) monitors credit union performance through both the examination process and offsite monitoring, and it will continue to do so into the future. Credit unions have access to a wide range of liquidity sources. The NCUA, along with its Central Liquidity Facility, can provide a back-up source of liquidity to member credit unions as needed. The agency continues to coordinate with the other federal financial institution regulators to ensure confidence in American financial services system. The NCUA is committed to the protection of credit union members and the safety and soundness of the credit union system overall. No one has ever lost a single penny of insured share deposits within the credit union system.