Safe Is Classified As A Multiple Common Bond, Primarily Military Credit Union.

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At first the newly created Bureau of Federal Credit Unions was housed at the Farm Credit Administration. Responsibility of regulation would shift over the years as the agency migrated from the Federal Deposit Insurance Corporation to the Federal Security Agency, then to the Department of Health, Education, and Welfare.

The National Credit Union Administration (NCUA) is the United States independent federal agency that supervises and charters federal credit unions. NCUA also insures savings in federal and most state-chartered credit unions across the country through the National Credit Union Share Insurance Fund (NCUSIF), a federal fund backed by the full faith and credit of the United States government.

The chartering of credit unions in all states is owed to the signing of the Federal Credit Union Act by President Franklin D. Roosevelt in 1934 as part of the New Deal. The federal law sought to make credit available and promote thrift through a national system of nonprofit, cooperative credit unions.

Individuals living, working, worshiping, or attending school in the following California counties can join SafeAmerica Credit Union: Alameda County, California, Contra Costa County, California, San Mateo County, California, or Santa Clara County, California. Employees of SafeAmerica's Select Employer Groups (SEGs), and all immediate family members of current members are also invited to join.

Credit unions are insured by the NCUA (National Credit Union Administration). This insurance is just like the FDIC insurance for banks and your money is insured up to $250,000. Your money is just as safe and secure at a credit union as at a bank.Yolo Federal Credit Union is also a member of the MoneyPass ATM network. That means that members can get cash at MoneyPass ATMs (including US Bank ATMs) for free.

Companies in the service area can offer credit union benefits by becoming a SEG. This is a standard process for credit unions.

Electronic services include apply for a loan, check your balance, share draft orders, loan payments, see your account history, account transfers and bill payment.

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