Woody Morrison, Chairman
Message from the Chairman
Safe 1 Credit Union is a member-owned cooperative institution. Nearly 60 years ago, a few local State Employees, tired of the high loan rates charged by banks, pooled their savings together and used these funds to make small loans to their fellow co-workers. Their initial deposits totaled barely $300. From these humble beginnings, Safe 1 has grown to over $330 million in assets serving over 43,000 members. Initially only State employees could join, but we have expanded to serve residents of Kern and Tulare Counties. Our tremendous growth is due to the loyal support of our members.
Although we offer financial products and services similar to banks, we are not a bank. Banks are owned by their stockholders, who demand that the primary focus of management is to maximize profits. At Safe 1, our focus is on our members and not profits. Our profits are used entirely to strengthen the credit union and improve the level of service we provide to members.
Oak Street Office
