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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Public & Societal Benefit Safe 1 Credit Union

Safe 1 Credit Union

Fiscal year ending 2023. Filed on November 16, 2024.

1400 Mill Rock Way
Bakersfield, California 93311

Safe 1 Credit Union (EIN: 95-1812302) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, Safe 1 Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 9 out of 152 total employees. Among the employees shown here, the average compensation is $263,334. The highest compensated employee at Safe 1 Credit Union is David King with fiscal year 2023 compensation of $443,564.

Revenue, expenses, and employee compensation

Revenue

$47,057,316

Expenses

$34,255,595

Employee compensation

$12,184,578
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

David King
President and Chief Executive Officer
$443,564
$419,226 No related comp$24,338
Carol Dobbs
Evp-Risk
$338,023
$317,483 No related comp$20,540
Cindy Wonderly
Cfo/Evp-Finance
$306,843
$287,422 No related comp$19,421
Michael George
Evp-Marketing
$263,398
$247,138 No related comp$16,260
Timothy Spencer
Evp-Lending
$258,049
$240,268 No related comp$17,781
Lorraine Townsend
Executive Vice President, Operations
$247,479
$230,568 No related comp$16,911
Mary Higgins
Vice President, Compliance
$180,382
$169,619 No related comp$10,763
Chris Hanson
Vice President, Information Technology
$169,602
$163,827 No related comp$5,775
Debbie Baker
Branch Manager
$162,665
$153,074 No related comp$9,591

Benchmark Employee Compensation

Non-Employee Board Members

Tracy Chitwood
Director
$2,694
$2,694 No related compNo other comp
Richard Ruiz
Director
$2,154
$2,154 No related compNo other comp
Brian Driesen
Director
$1,733
$1,733 No related compNo other comp
Ray Voight
Chair
$1,681
$1,681 No related compNo other comp
Mike Reed
Director
$1,655
$1,655 No related compNo other comp
Dawn Cole
Secretary
$1,573
$1,573 No related compNo other comp
Ron Wolfe
Vice Chair
$1,327
$1,327 No related compNo other comp
Jesse Tiwana
SC Member
$1,178
$1,178 No related compNo other comp
Maureen Buscher-Dang
Treasurer
$1,151
$1,151 No related compNo other comp
Serene Storslett
SC Chair
$882
$882 No related compNo other comp
Robert Dickson
SC Member
$851
$851 No related compNo other comp
Woody Morrison
Director
No compensation reported

Mission Statement

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.

Revisions to this organization profile

December 17, 2025:
Amended (originally filed November 18, 2025)2024 Safe 1 Credit Union 990 filed
November 16, 2024:
2023 Safe 1 Credit Union 990 filed
November 15, 2023:
2022 Safe 1 Credit Union 990 filed

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