SafeAmerica Credit Union
Encyclopedia
SafeAmerica Credit Union is a 310 million dollar, privately insured, state chartered 27,000 member, natural person credit union
operating from five public and two company branches in the San Francisco Bay Area
of California
. The headquarters are in Pleasanton, California
.
employees. The credit union added Select Employee Groups (SEGs) over time and in December 2002, they became a community chartered credit union serving four counties.
counties can join SafeAmerica Credit Union: Alameda County, California
, Contra Costa County, California
, San Mateo County, California
, or Santa Clara County, California
. Employees of SafeAmerica's Select Employer Groups (SEGs), and all immediate family members of current members are also invited to join.
Companies in the service area can offer credit union benefits by becoming a SEG. This is a standard process for credit unions.
SafeAmerica annually sponsors a scholarship
program for five members heading to college.
The credit union is active with indirect lending through a CUSO called Credit Union Direct Lending (CUDL).
Credit union
A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members...
operating from five public and two company branches in the San Francisco Bay Area
San Francisco Bay Area
The San Francisco Bay Area, commonly known as the Bay Area, is a populated region that surrounds the San Francisco and San Pablo estuaries in Northern California. The region encompasses metropolitan areas of San Francisco, Oakland, and San Jose, along with smaller urban and rural areas...
of California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
. The headquarters are in Pleasanton, California
Pleasanton, California
Pleasanton is a city in Alameda County, California, incorporated in 1894. It is a suburb in the San Francisco Bay Area located about east of Oakland, and west of Livermore. The population was 70,285 at the 2010 census. In 2005 and 2007, Pleasanton was ranked the wealthiest middle-sized city in...
.
History
SafeAmerica was founded in 1953 to serve the financial needs of local Safeway Inc.Safeway Inc.
Safeway Inc. , a Fortune 500 company, is North America's second largest supermarket chain after The Kroger Co., with, as of December 2010, 1,694 stores located throughout the western and central United States and western Canada. It also operates some stores in the Mid-Atlantic region of the Eastern...
employees. The credit union added Select Employee Groups (SEGs) over time and in December 2002, they became a community chartered credit union serving four counties.
Membership
Individuals living, working, worshiping, or attending school in the following CaliforniaCalifornia
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
counties can join SafeAmerica Credit Union: Alameda County, California
Alameda County, California
Alameda County is a county in the U.S. state of California. It occupies most of the East Bay region of the San Francisco Bay Area. As of the 2010 census it had a population of 1,510,271, making it the 7th most populous county in the state...
, Contra Costa County, California
Contra Costa County, California
Contra Costa County is a primarily suburban county in the San Francisco Bay Area of the U.S. state of California. As of the 2010 census, it had a population of 1,049,025...
, San Mateo County, California
San Mateo County, California
San Mateo County is a county located in the San Francisco Bay Area of the U.S. state of California. It covers most of the San Francisco Peninsula just south of San Francisco, and north of Santa Clara County. San Francisco International Airport is located at the northern end of the county, and...
, or Santa Clara County, California
Santa Clara County, California
Santa Clara County is a county located at the southern end of the San Francisco Bay Area in the U.S. state of California. As of 2010 it had a population of 1,781,642. The county seat is San Jose. The highly urbanized Santa Clara Valley within Santa Clara County is also known as Silicon Valley...
. Employees of SafeAmerica's Select Employer Groups (SEGs), and all immediate family members of current members are also invited to join.
Companies in the service area can offer credit union benefits by becoming a SEG. This is a standard process for credit unions.
Services
SafeAmerica Credit Union offers these services:- Checking Accounts and related, including debit cardDebit cardA debit card is a plastic card that provides the cardholder electronic access to his or her bank account/s at a financial institution...
s - Savings AccountsSavings accountSavings accounts are accounts maintained by retail financial institutions that pay interest but cannot be used directly as money . These accounts let customers set aside a portion of their liquid assets while earning a monetary return...
- Money Market Accounts
- Certificates of DepositCertificate of depositA certificate of Deposit is a time deposit, a financial product commonly offered to consumers in the United States by banks, thrift institutions, and credit unions....
- IRAsIndividual Retirement AccountAn individual retirement arrangement is the blanket term for a form of retirement plan that provides tax advantages for retirement savings in the United States...
- Consumer loans of all kinds
- Lines of creditLine of creditA line of credit is any credit source extended to a government, business or individual by a bank or other financial institution. A line of credit may take several forms, such as overdraft protection, demand loan, special purpose, export packing credit, term loan, discounting, purchase of...
(LOC) - Credit cards
- Auto loans: Car loans, motorcycle loans, etc.
- Home equity loans and Home equity lines of creditHELOCA home equity line of credit is a loan in which the lender agrees to lend a maximum amount within an agreed period , where the collateral is the borrower's equity in his/her house...
- Lines of credit
- Mortgages
- Credit InsuranceCredit insuranceCredit insurance is a term used to describe both business credit insurance and consumer credit insurance, e.g., credit life insurance, credit disability insurance Credit insurance is a term used to describe both business credit insurance (a.k.a. trade credit insurance) and consumer credit...
- Direct DepositDirect depositDirect deposit also known as Direct credit is a banking term used to refer to certain payment systems used to transfer money where a payment is initiated by the payer not the payee, namely:* In Europe, the giro system...
- Home banking
SafeAmerica annually sponsors a scholarship
Scholarship
A scholarship is an award of financial aid for a student to further education. Scholarships are awarded on various criteria usually reflecting the values and purposes of the donor or founder of the award.-Types:...
program for five members heading to college.
The credit union is active with indirect lending through a CUSO called Credit Union Direct Lending (CUDL).
External links
- SafeAmerica — official site
- SafeAmerica statistics