Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in 0000.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
50 people listed on the 990; $4.4M paid to officers and key staff.
David King’s $400K as CEO/President is at the 67th percentile of top reported officer pay among 232 $10–100M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Lorraine Townsend | $243,450 | $230,568 | $224,327 | $866,041 | $174,969 |
| David King | $360,892 | $419,226 | $356,694 | $294,334 | $188,593 |
| Doug Kileen | — | — | — | $142,700 | $318,000 |
| Carol Dobbs | $156,225 | $317,483 | $147,322 | $130,757 | $124,185 |
| Cindy Wonderly | $255,100 | $287,422 | $256,399 | $215,194 | $203,889 |
| Michael George | $218,364 | $247,138 | $196,795 | $174,211 | — |
| Timothy Spencer | $234,274 | $240,268 | $207,182 | $125,625 | — |
| Mary Higgins | $149,575 | $169,619 | $133,762 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Offers loans and financial products to credit union members.
Questions for Safe 1 Credit Union
Your first name shows with your question. Safe 1 Credit Union answers here, for everyone.
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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.
By the numbers
The FY2024 990, line by line.
Download 990
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $59.0M | $45.2M | $13.7M | $151.6M | 990 PDF |
| FY2023 | $47.1M | $34.3M | $12.8M | $135.4M | 990 PDF |
| FY2022 | $36.1M | $25.7M | $10.4M | $117.6M | 990 PDF |
| FY2021 | $31.7M | $21.7M | $10.0M | $115.0M | 990 PDF |
| FY2020 | $29.2M | $25.8M | $3.3M | $106.9M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (1 part)
Part VI · Governance 11 of 11 board members independent, 1 to look at
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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