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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 2024. Filed on December 17, 2025.

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 2024 IRS Form 990 filing, Safe 1 Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 11 out of 152 total employees. Among the employees shown here, the average compensation is $257,999. The highest compensated employee at Safe 1 Credit Union is David King with fiscal year 2024 compensation of $649,537.

Revenue, expenses, and employee compensation

Revenue

$58,951,487

Expenses

$45,235,986

Employee compensation

$13,009,473
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

David King
President and Chief Executive Officer
$649,537
$360,892 No related comp$288,645
Cindy Wonderly
Cfo/Evp-Finance
$314,823
$255,100 No related comp$59,723
Lorraine Townsend
Executive Vice President, Operations
$276,098
$243,450 No related comp$32,648
Michael George
Evp-Marketing
$275,148
$218,364 No related comp$56,784
Timothy Spencer
Evp-Lending
$266,188
$234,274 No related comp$31,914
Mary Higgins
Vice President, Compliance
$189,201
$149,575 No related comp$39,626
Jeff Simpson
Vice President, Finance
$183,847
$138,790 No related comp$45,057
Carol Dobbs
Executive Vice President Risk
$181,895
$156,225 No related comp$25,670
Chris Hanson
Vice President, Information Technology
$179,222
$165,946 No related comp$13,276
Micaela Venegas
IT Supervisor
$171,748
$147,404 No related comp$24,344
Marie Rodriguez
Vice President Call Center
$150,278
$126,950 No related comp$23,328

Benchmark Employee Compensation

Non-Employee Board Members

Richard Ruiz
Vice Chair
$2,314
$2,314 No related compNo other comp
Brian Driesen
Treasurer
$2,179
$2,179 No related compNo other comp
Tracy Chitwood
Board Member
$1,743
$1,743 No related compNo other comp
Serene Storslett
SC Chair
$1,085
$1,085 No related compNo other comp
Mike Reed
Board Member
$849
$849 No related compNo other comp
Dawn Cole
Chair
No compensation reported
Woody Morrison
Board Member
No compensation reported
Doug Kileen
SC Member
No compensation reported
Robert Dickson
SC Member
No compensation reported
Maureen Buscher-Dang
Board Member
No compensation reported
Ray Voight
Board Member
No compensation reported
Michael Bennett
Secretary
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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