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October 17, 2018 • 
  • Press Release

SAFE Credit Union marks International Credit Union Day

FOLSOM, Calif. (Oct. 17) – Since their humble beginning among workers in the United States, credit unions have grown to be the financial institutions of choice for millions of Americans.

Find your platinum lining in credit unions

Oct. 18 is International Credit Union Day, and SAFE Credit Union is proud to mark the day honoring the important role credit unions play in members’ lives.

“While credit unions are indeed financial institutions, they approach the business of providing services far differently than banks do,” says SAFE CEO David Roughton. “SAFE, like other credit unions, is member-owned, our board made up of volunteers, we are not-for profit. That means we focus our efforts, products, and services exclusively with our members’ financial well-being in mind.”

Changes in regulations over the past few decades opened membership opportunities to credit unions. Before, members to specific credit unions either had to belong to certain labor unions, companies, or military branches. Today, people may join credit unions based solely on location. SAFE membership is available to anyone who lives, works, or worships in the counties of Sacramento, Placer, Yolo, El Dorado, Sutter, Butte, Nevada, Solano, San Joaquin, Contra Costa, Yuba, Amador, and Alameda counties.

To mark International Credit Union Day, SAFE is launching an educational blog series on its website, safecu.org, busting myths and exploring the many ways SAFE and other credit unions benefit members, businesses, and the community. Topics will include SAFE’s dedication to financial education and the community, how shared banking works among credit unions, why credit unions are an ideal fit for millennials and Gen Z, and how businesses can benefit from banking with local credit unions.

About SAFE
SAFE Credit Union, established in 1940, is a leading financial institution in Northern California with more than $2.8 billion in assets and more than 229,000 members. The credit union provides a full range of financial solutions for consumers and small businesses through 21 service centers across the Greater Sacramento region and a mortgage lending office serving Contra Costa County. SAFE offers its members a variety of banking services, including online, chat, mobile, phone, as well as a full-service, locally based call center. SAFE is a not-for-profit, community-chartered credit union with membership open to businesses and individuals living or working in Sacramento, Placer, Yolo, El Dorado, Sutter, Butte, Nevada, Solano, San Joaquin, Contra Costa, Yuba, Amador, and Alameda counties. SAFE is federally insured by the NCUA. www.safecu.org

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