Bakersfield, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Safe 1 Credit Union, founded in 1952, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $59.0M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13.7M, a strong 23% operating margin.
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $58,951,487 | $47,057,316 | +0.3% |
| Expenses | $45,235,986 | $34,255,595 | +0.3% |
| Net Income | $13,715,501 | $12,801,721 | +0.1% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| David King | CEO/President | 40.00 |
Officer
|
$400,407 | $67,115 | $467,522 |
| Cindy Wonderly | CFO/EVP-Finance | 40.00 |
Officer
|
$255,100 | $59,723 | $314,823 |
| Lorraine Townsend | EVP-Operations | 40.00 |
|
$243,450 | $32,648 | $276,098 |
| Michael George | EVP-Marketing | 40.00 |
|
$218,364 | $56,784 | $275,148 |
| Timothy Spencer | EVP-Lending | 40.00 |
|
$234,274 | $31,914 | $266,188 |
| Mary Higgins | VP Compliance | 40.00 |
|
$149,575 | $39,626 | $189,201 |
| Jeff Simpson | VP Finance | 40.00 |
|
$138,790 | $45,057 | $183,847 |
| Carol Dobbs | EVP Risk | 40.00 |
|
$156,225 | $25,670 | $181,895 |
| Chris Hanson | VP IT | 40.00 |
|
$165,946 | $13,276 | $179,222 |
| Micaela Venegas | IT Supervisor | 40.00 |
|
$147,404 | $24,344 | $171,748 |
| Marie Rodriguez | VP Call Center | 40.00 |
|
$126,950 | $23,328 | $150,278 |
| Richard Ruiz | Vice Chair | 2.00 |
Director
|
$2,314 | $0 | $2,314 |
| Brian Driesen | Treasurer | 2.00 |
Director
|
$2,179 | $0 | $2,179 |
| Tracy Chitwood | Board Member | 2.00 |
Director
|
$1,743 | $0 | $1,743 |
| Serene Storslett | SC Chair | 1.00 |
Director
|
$1,085 | $0 | $1,085 |
| Mike Reed | Board Member | 2.00 |
Director
|
$849 | $0 | $849 |
| Ray Voight | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Ron Wolfe | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Maureen Buscher-Dang | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Dawn Cole | Chairman | 2.00 |
Director
|
$0 | $0 | $0 |
| Michael Bennett | Secretary | 2.00 |
Director
|
$0 | $0 | $0 |
| Woody Morrison | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Vernon Powers | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Robert Dickson | SC Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Doug Kileen | SC Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2024 | $58,951,487 | $45,235,986 | $1,001,281,015 | $13,715,501 |
| 2024 | $58,951,487 | $45,235,986 | $1,001,281,015 | $13,715,501 |
| 2023 | $47,057,316 | $34,255,595 | $1,037,445,216 | $12,801,721 |
| 2022 | $36,115,479 | $25,739,563 | $893,921,948 | $10,375,916 |
| 2021 | $31,709,668 | $21,697,513 | $882,218,839 | $10,012,155 |
| 2020 | $29,174,406 | $25,833,264 | $789,474,402 | $3,341,142 |
| 2019 | $30,497,624 | $23,058,918 | $652,808,295 | $7,438,706 |
| 2018 | $27,555,279 | $20,266,543 | $620,002,186 | $7,288,736 |
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