9/5/2023 0 Comments Safe federal credit union![]() Membership is also open to employees of more than 400 companies located throughout the Midlands and relatives of those eligible to join. Membership is open to anyone who lives, works, worships, or attends school in Sumter, Lee, Kershaw, Clarendon, Florence and parts of Richland and Lexington counties. SAFE Federal Credit Union, founded in 1955, is one of the largest financial institutions based in South Carolina with over $1.7 billion in assets, 135,000+ members, and 18 branches. “On behalf of SAFE’s Board of Directors, we extend our sincerest appreciation for our member’s support in 2022.” “We are delighted to share such a large portion of SAFE’s earnings with our members this year,” said Board Chair, Kay Oldhouser Davis. This year, members also were paid for using their debit card on average, more than 30 times per month. Unlike years past, SAFE extended its giveback criteria to include more than deposits and loans. Loan accounts received a 3.25 percent rebate based on total interest paid in 2022. ![]() Deposit accounts were given an 8.5 percent bonus based on dividends collected in 2022. Payments were calculated based on members’ account usage. “We are delighted to share a portion of SAFE’s net earnings directly with the amazing members who made it possible.” ![]() ![]() “Thanks to our members, 2022 was a record year for SAFE in many ways,” said President and CEO Michael Baker. Since the program’s inception, the credit union has paid its members more than $37 million in bonus dividends and interest rebates. Connect with us at on Facebook.SAFE Federal Credit Union members received annual bonus dividends and interest rebates totaling over $2.16 million-one of the highest givebacks in the credit union’s history.ĭistributed on January 1, the 2023 bonus marked the 26 th anniversary of SAFE’s Member Giveback Program. To see more of SAFE’s financial education content and to view the “SAFE Cents” video series, visit the credit union’s learning center at About SAFE Federal Credit Union The initiative is part of the credit union’s ongoing commitment to financial education and has garnered nearly 1.1 million views on YouTube since its launch in August 2022. “We’re committed to giving our members the tools and resources needed to achieve financial success for themselves and their families.”ĭesigned to help members improve their financial well-being, the “SAFE Cents” series delivers practical information on a variety of topics like credit scores and debt management in a fun, engaging video format. “SAFE is honored to be recognized by CUNA for our financial education efforts,” said President and CEO, Michael Baker. The Annual Diamond Awards are considered CUNA Council’s most esteemed credit union marketing competition and recognizes credit unions nationwide for their creativity and outstanding performance. SAFE FCU is a membership-based not-for-profit financial institution that provides financial support on all stages. SAFE received multiple awards at CUNA’s Marketing and Membership Development Council Conference including the event’s most prestigious, Best of Show Award for its “SAFE Cents” financial education video series. SUMTER, South Carolina – SAFE Federal Credit Union was recognized recently as an industry leader in financial education by the Credit Union National Association (CUNA).
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