Safeamerica Credit Union

“Safeamerica credit union merged its assets into nuvision credit union effective february 1, 2025. Credit union deposit and lending services for the former members will continue under nuvision credit union.”

“Participation in this credit union is limited to those who qualify for membership as defined in the credit union's charter and bylaws. This generally consists of employees with the northern california division and corporate offices of safeway, inc.; employees of genentech, a subsidiary of roche inc.; and anyone who lives, works, attends school or worships in the counties of san mateo, alameda, contra costa, and santa clara, california. In addition to a regularly qualified member, the spouse of a member, the blood or adoptive relatives of either of them and their spouses may be members.”

“The board of directors are elected by the membership.”

“Bylaws may be amended only with the consent of the members if the amendment would (a) materially and adversely affect the rights of members as to voting, (b) increase or decrease the number of members authorized in total or for any class, (c) effect an exchange, reclassification cancellation of all or part of the memberships, (d) authorize a new class of membership, (e) specify or change a fixed number of directors or change the number of members of the board from a fixed to a variable number, (f) extend the term of a director beyond the term for which the director was elected, or (g) repeal, restrict, create or expand proxy rights. Safeamerica credit union members voted in favor of merging with nuvision credit union. The merger received regulatory approval and a majority vote from safeamerica members, with the merger becoming effective on february 1, 2025.”

“The board does not receive a copy of the return prior to filing.”

“As soon as employee or volunteer official becomes aware of a conflict of interest, the matter should be reported in writing. Employees other than the chief executive officer report to their immediate supervisors. The chief executive officer or volunteer official reports to the board of directors. Reports should be made as soon as the employee or volunteer official become aware of facts or circumstances that create an actual or apparent conflict of interest. It is the employee's and volunteer's responsibility to notify human resources of any personal circumstances that might present a conflict of interest in terms of the policy. Conflicts with the policy will be handled on a case-by-case basis. In each instance, human resources and management will determine whether a transfer or some other accommodation can be arranged, or whether one of the employees will have to resign or be dismissed.”

“Compensation is decided by the board of directors with help from the vp of human resources.”

“The governing documents, conflict of interest policy and financial statements are available upon request.”

“Safeamerica credit union merged its assets into nuvision credit union effective february 1, 2025. Credit union deposit and lending services for the former members will continue under nuvision credit union.”

“Other professional services 126,164.”

“Home banking and billpay 31,341. Los system 16,498. Collections and credit 13,004. Loan servicing expense 12,852. New member matrix 11,423. Shared branch fees 10,972. Excess share insurance 8,237. Atm expenses 4,461. Corporate and other bank fees 4,397. Real estate origination & fees 2,502.”

“Net change in defined beenfit plan 258,023. Transfer of net assets (which included member deposits) through a merger into nuvision credit union -37,898,040.”