Frequently Asked Questions
Why is SAFE making this investment in the SAFE Credit Union Convention & Performing Arts District?
The District will lift the area’s economy by strengthening Sacramento’s place as a destination city, increasing visitor spending, and creating a healthier business community. As the region grows, we all benefit from its financial success, including those SAFE has the honor of serving as their financial institution, their neighbors, and local businesses. This partnership is a model for public-private investments -- it drives regional economic growth and expands SAFE’s ability to help even more people achieve financial wellness.
What does SAFE get out of the investment?
In addition to the privilege of being an integral partner in reshaping Sacramento into a top-tier U.S. city, SAFE’s name is applied to the Convention Center, Performing Arts Center, and outdoor plaza. Those facilities, combined with Memorial Auditorium, are collectively called the SAFE Credit Union Convention & Performing Arts District.
One of the most exciting aspects of this agreement is the expansion of SAFE’s Workplace Financial Wellness program to city of Sacramento staff. This program provides no-cost financial wellness benefits through financial education and other services.
SAFE and the city also entered into a depository relationship in which funds are reinvested locally through the Local Community Investment Pledge. This partnership means more financial resources for city employees, more assistance to members here, and more loans for local small businesses, all keeping dollars at home where they contribute to the growth of our region.
How do you see this investment benefiting SAFE’s members?
As a cooperative financial institution, it is SAFE’s purpose and passion to improve our members’ financial health. This partnership allows us to fulfill this mission on behalf of our members and for all regional residents. When the region thrives, so do the economic opportunities to all who live here. Part of SAFE’s mission is to promote financial health so our members can enjoy life. Studies show that transforming city cores into dynamic business and arts centers lifts an entire region by creating jobs and fostering economic growth. We believe our members will benefit from this exciting reshaping of Sacramento’s downtown and identity.
How does this investment reflect SAFE’s wider culture?
For more than 80 years, we’ve walked side by side with our members, civic leaders, and local businesses to build Sacramento into a vibrant, successful city where people dedicate their hard work and talents to helping our region thrive. This investment and 25-year commitment will help strengthen the Greater Sacramento region by creating jobs, expanding business opportunities, and growing California’s capital into a cultural gem. This partnership will carry SAFE well into our next century, adding members to the credit union movement, fulfilling the mission of improving financial wellness, and solidifying the commitment to prosperity for the region.
Will SAFE offer its banking services at the SAFE Credit Union Convention and Performing Arts District?
SAFE will host three ATMs at the District for the convenience of our members and visitors to the District.
What is SAFE Credit Union’s overall investment?
SAFE Credit Union is committing a total $23 million to be funded over 25 years.