What are the Benefits of Banking with Safe 1?
Safe 1 is a federal credit union that offers better rates and lower fees on deposit accounts and loans than traditional banks due to our not-for-profit, membership-based structure. We offer a wide range of financial services to meet the needs of our members/owners.
From traditional banking services like checking and savings accounts to loans, credit cards, and digital services, Safe 1 strives to provide convenient and competitive financial management options. And, all accounts are federally insured up to $250,000 by the National Credit Union Administration (NCUA), giving members peace of mind regarding their money.
In this article, we’ll explore the many benefits of being a Safe 1 Credit Union member and why banking with us is an excellent choice for your financial needs.
Savings and Checking
Savings
Open a Savings Account for $5 and get access to all other Safe 1 products and services including online and mobile banking, eDocuments, and access to more than 30,000 surcharge-free ATMs. Dividends are paid on balances of $50 or more with withdrawals immediately available.
Checking
Enjoy free checking with no monthly fees or minimum balance requirements. Early access to direct deposited funds is available, and a courtesy pay fee can be waived for overdrafts of $5 or less. Earn dividends with a minimum $5,000 balance.
Club Accounts
Club Accounts are for specific purposes such as planning a vacation, saving for the holidays, or preparing for taxes. There is no minimum balance requirement, and dividends are paid on all balances. Deposit $5 to open an account.
Money Market Savings
Money Market Savings accounts offer higher interest rates for balances over $2,500 with tiered dividend rates. The higher your balance, the higher your reward.
Fund transfers are available through various channels and are an excellent option for individuals looking to earn more on their savings while still having easy access to their funds.
Certificates
Safe 1 Credit Union offers Certificates with a minimum deposit of $1,000 and terms ranging from 3 to 24 months. Certificates offer high yields and even a “bump-up” option for a 24-month term Certificate.
Individual Retirement Accounts (IRAs)
Safe 1 offers a variety of IRAs, including Traditional, Roth, Rollover, and Coverdell Education Savings Accounts. All options have no annual fees and pay dividends monthly.
Loans & Credit cards
Auto
Safe 1 Credit Union offers more competitive auto loan rates than many banks. We offer auto loans for new and used vehicles with convenient payment options. New vehicle loans can receive up to 100% financing of Manufacturer’s Suggested Retail Price (MSRP) plus tax and license, with used vehicle loans up to 100% of Kelley Blue Book Retail Value.
Credit Cards
The Mastercard Platinum and Mastercard Platinum Rewards Credit Cards offer various benefits including no annual fee, identity theft protection, and 25-day grace period on all purchases. Competitive APR varies based upon creditworthiness.
Personal
Safe 1 offers Personal Loans and lines of credit up to $20,000 with competitive rates and convenient payment options. Funds can be accessed through online banking, Safe 1 mobile app, Call Center, or in-person at any branch location and may be used for various expenses.
Motorcycle
Motorcycle Loans include fixed rates, convenient payment options, and competitive APR. Varying loan amounts are available for both new or used motorcycles with multiple repayment terms available.
Recreational Vehicle
Safe 1 offers competitive rates and convenient payment options for new and used Recreational Vehicles. Depending on the loan type, maximum terms range from 72 to 180 months.
Overdraft
Cover unexpected overdrafts with a low fixed payment and automatic protection. Borrow up to $2,500 with a variable rate as well as convenient payment options.
Share Secured
Establish credit history or avoid a penalty for early Certificate withdrawal with a Share Secured Loan. Borrow up to 80% of your balance and enjoy convenient payment options.
Home Loans
First Mortgage
Safe1 offers a variety of First Mortgage options at competitive rates, including FHA and VA mortgages, as well as adjustable rate loans. Borrow up to 97% of your loan-to-value and enjoy flexible terms.
Home Equity
The Home Equity options offer no fees, low rates, and tax-deductible interest for loans up to 80% of appraised value. Options include a fixed-rate loan or line of credit. Additionally, we offer no points and have quick closing times for primary residences in specific counties.
Home Improvement & Solar
Leverage the equity in your home for Home Improvement projects with no fees or points and a quick closing time. Borrow up to 90% of the appraised value, depending on loan type. Direct disbursements to the contractor upon project completion. Rates are based on credit score.
Digital Services
eDocuments
To avoid papercuts, enroll in eDocuments for 24/7 access to secure account information and notices. For online/mobile banking users, it’s as easy as clicking a link.
Mobile Banking
With a rating of 4.9 out of 5 stars, the Safe 1 mobile app is like having a branch office in the palm of your hand. Manage your finances wherever you go using your cell phone, tablet, or other mobile device. You can also open new accounts, apply for loans, check balances, transfer funds, deposit checks, and more.
Mobile Deposit
Deposit checks through the Safe 1 app. Endorse and take a picture for same-day availability, excluding weekends and holidays.
Mobile Wallet
Conveniently store your Safe 1 debit or credit card information on your mobile device. Use Apple Pay, Google Pay, or Samsung Pay for secure purchases at millions of retail outlets globally.
MyCardRules
MyCardRules is a service that helps prevent debit and credit card fraud by allowing you to track transactions, set limits and regions for card use, receive alerts for suspicious activity, and quickly turn your card “off” if it has been lost, stolen or is being misused as well as turn it back “on” when appropriate.
Online Banking
Online banking provides convenient access to various financial services such as account management, loan and credit card applications, transfers, bill payments, and more.
SafePay
SafePay is a convenient and secure way to pay bills through online banking or the Safe 1 mobile app. It allows for payments to be made to anyone in the US, with quick delivery and no postage costs.
SafeTone
SafeTone is an automated phone system that allows easy 24/7 access to accounts, including the ability to check balances, verify transactions, and transfer funds.
Text Banking
Text Banking allows you to receive account balance information, review recent transactions, and transfer funds within your account through text alerts on your mobile device.
Zelle
Zelle allows users to quickly and securely send money to friends and family using their mobile app or online banking. All you need to send money is the recipient’s email address or U.S. mobile phone number for funds to be received in minutes.
Contact us!
Have a question? Need help? Want more information? Please reach out!
(877) 723-3128
Monday – Thursday: 9:00 a.m. – 5:00 p.m.
Friday: 9:00 a.m. – 5:30 p.m.
