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SAFE 1 CREDIT UNION

EIN 95-1812302 BAKERSFIELD, CA

Browse the largest nonprofits in California

Revenue 2024
$58,951,487
Expenses 2024
$45,235,986

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
14
NTEE code
W61
Classification
1000
Street
1400 MILL ROCK WAY

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Group exemption

A subordinate covered by the group exemption of CREDIT UNIONS IN THE STATE OF CALIFORNIA (EIN 94-6123880). matched by us

The IRS lists each organization's group exemption number; we match a subordinate to its central organization by that number and the affiliation code the IRS assigns.

Mission and programs · 2024

Mission

Provided deposit and loan accounts to 81,521 members. Provided low cost source of credit and low cost financial services to our members. Provided source for member savings and checking account needs.

  • Provided deposit and loan accounts to 81,521 members. Provided low cost source of credit and low cost financial services to our members. Provided source for member savings and checking account needs.

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • David King

    CEO/President

    Total calculated
    $649,537
    From this org
    $360,892
    From related orgs
    $0
    Other
    $288,645
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $360,892
    Bonus
    not reported
    Other
    not reported
    Deferred
    $249,130
    Nontaxable benefits
    $39,515
    Filer's total
    $649,537
  • Cindy Wonderly

    CFO/EVP-Finance

    Total calculated
    $314,823
    From this org
    $255,100
    From related orgs
    $0
    Other
    $59,723
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $248,250
    Bonus
    $6,850
    Other
    not reported
    Deferred
    $20,408
    Nontaxable benefits
    $39,315
    Filer's total
    $314,823
  • Lorraine Townsend

    EVP-Operations

    Total calculated
    $276,098
    From this org
    $243,450
    From related orgs
    $0
    Other
    $32,648
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,600
    Bonus
    $6,850
    Other
    not reported
    Deferred
    $19,476
    Nontaxable benefits
    $13,172
    Filer's total
    $276,098
  • Michael George

    EVP-Marketing

    Total calculated
    $275,148
    From this org
    $218,364
    From related orgs
    $0
    Other
    $56,784
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,350
    Bonus
    $6,014
    Other
    not reported
    Deferred
    $17,469
    Nontaxable benefits
    $39,315
    Filer's total
    $275,148
  • Timothy Spencer

    EVP-Lending

    Total calculated
    $266,188
    From this org
    $234,274
    From related orgs
    $0
    Other
    $31,914
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,260
    Bonus
    $6,014
    Other
    not reported
    Deferred
    $18,742
    Nontaxable benefits
    $13,172
    Filer's total
    $266,188
  • Mary Higgins

    VP Compliance

    Total calculated
    $189,201
    From this org
    $149,575
    From related orgs
    $0
    Other
    $39,626
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,725
    Bonus
    $6,850
    Other
    not reported
    Deferred
    $11,966
    Nontaxable benefits
    $27,660
    Filer's total
    $189,201
  • Jeff Simpson

    VP Finance

    Total calculated
    $183,847
    From this org
    $138,790
    From related orgs
    $0
    Other
    $45,057
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,014
    Bonus
    $2,776
    Other
    not reported
    Deferred
    $5,542
    Nontaxable benefits
    $39,515
    Filer's total
    $183,847
  • Carol Dobbs

    EVP Risk

    Total calculated
    $181,895
    From this org
    $156,225
    From related orgs
    $0
    Other
    $25,670
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,375
    Bonus
    $6,850
    Other
    not reported
    Deferred
    $12,498
    Nontaxable benefits
    $13,172
    Filer's total
    $181,895
  • Chris Hanson

    VP IT

    Total calculated
    $179,222
    From this org
    $165,946
    From related orgs
    $0
    Other
    $13,276
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,349
    Bonus
    $5,597
    Other
    not reported
    Deferred
    $13,276
    Nontaxable benefits
    not reported
    Filer's total
    $179,222
  • Micaela Venegas

    IT Supervisor

    Total calculated
    $171,748
    From this org
    $147,404
    From related orgs
    $0
    Other
    $24,344
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,315
    Bonus
    $3,089
    Other
    not reported
    Deferred
    $11,172
    Nontaxable benefits
    $13,172
    Filer's total
    $171,748
  • Marie Rodriguez

    VP Call Center

    Total calculated
    $150,278
    From this org
    $126,950
    From related orgs
    $0
    Other
    $23,328
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,100
    Bonus
    $6,850
    Other
    not reported
    Deferred
    $10,156
    Nontaxable benefits
    $13,172
    Filer's total
    $150,278
  • Richard Ruiz

    Vice Chair

    Total calculated
    $2,314
    From this org
    $2,314
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • Brian Driesen

    Treasurer

    Total calculated
    $2,179
    From this org
    $2,179
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • Tracy Chitwood

    Board Member

    Total calculated
    $1,743
    From this org
    $1,743
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • Serene Storslett

    SC Chair

    Total calculated
    $1,085
    From this org
    $1,085
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Mike Reed

    Board Member

    Total calculated
    $849
    From this org
    $849
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • Ray Voight

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Ron Wolfe

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Maureen Buscher-Dang

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Dawn Cole

    Chairman

    Total calculated
    $0
    Hours/week
    2
  • Michael Bennett

    Secretary

    Total calculated
    $0
    Hours/week
    2
  • Woody Morrison

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Vernon Powers

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Robert Dickson

    SC Member

    Total calculated
    $0
    Hours/week
    1
  • Doug Kileen

    SC Member

    Total calculated
    $0
    Hours/week
    1

The first 25 listed. Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $58,951,487
    Expenses
    $45,235,986
    Contributions
    $0
    Grants paid
    $0
  • 2024
    Revenue
    $58,951,487
    Expenses
    $45,235,986
    Contributions
    $0
    Grants paid
    $0
  • 2024
    Revenue
    $58,951,487
    Expenses
    $45,235,986
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $47,057,316
    Expenses
    $34,255,595
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $36,115,479
    Expenses
    $25,739,563
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $31,709,668
    Expenses
    $21,697,513
    Assets (EOY)
    $882,218,839
  • 2020 · 990

    Revenue
    $29,174,406
    Expenses
    $25,833,264
    Assets (EOY)
    $789,474,402
  • 2019 · 990

    Revenue
    $30,497,624
    Expenses
    $23,058,918
    Assets (EOY)
    $652,808,295
  • 2018 · 990

    Revenue
    $27,555,279
    Expenses
    $20,266,543
    Assets (EOY)
    $620,002,186
  • 2017 · 990

    Revenue
    $38,565,784
    Expenses
    $18,862,694
    Assets (EOY)
    $605,418,939
  • 2016 · 990

    Revenue
    $17,419,387
    Expenses
    $13,311,128
    Assets (EOY)
    $448,976,247
  • 2015 · 990

    Revenue
    $16,190,377
    Expenses
    $12,027,578
    Assets (EOY)
    $404,837,548
  • 2014 · 990

    Revenue
    $15,865,112
    Expenses
    $10,945,081
    Assets (EOY)
    $381,968,430
  • 2013 · 990

    Revenue
    $15,878,513
    Expenses
    $10,792,442
    Assets (EOY)
    $359,218,024
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $10,818,870
    Assets (EOY)
    $346,460,854

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.