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SAFE and BECU to Combine

Dear SAFE Members,

I have exciting news to share about the future of SAFE Credit Union. Today marks an important milestone in our 85-year journey of serving our community.

After careful consideration and extensive evaluation by the SAFE Board of Directors, I am pleased to announce SAFE Credit Union has signed a definitive agreement to combine with BECU, one of the nation’s most respected, successful and dynamic credit unions. Headquartered in Washington state, BECU was established in 1935 – around the same time as SAFE in 1940 – to support the dreams and aspirations of Boeing employees during challenging economic times. This combination is built on shared values, purpose, and cooperative principles that have guided both of our organizations for a combined 175 years.

Upon closing, the combined credit union will serve nearly 1.8 million members across more than 80 locations as one of the largest credit unions in the United States. BECU has a stellar reputation for supporting its members and communities, and this partnership allows SAFE to deliver even more value to you through our combined resources and capabilities.

Why This Partnership Benefits You

Enhanced Member Benefits: By joining forces, we will be able to deliver enhanced member benefits and increased value through innovative programs and various products.
Products and Services: Together we will offer more solutions to serve you, from everyday banking to small business banking, along with enhanced lending options, and financial coaching.
Stronger Community Impact: BECU shares our passion for community. SAFE’s current sponsorships will be honored, and local investment will grow.
Your SAFE Experience Continues: Your local branches will remain open, and once combined, I will continue to lead our region as the Market President for the Greater Sacramento region reporting to Beverly Anderson, BECU's President and CEO.

What Happens Next

Nothing is changing today or in the foreseeable future about your accounts, services, or membership.

The combination process requires regulatory approvals and ultimately a vote from you, our members, with an anticipated combination close by early 2027. SAFE will continue to operate under its existing brand name for the foreseeable future. We’ll do all the heavy lifting and promise to keep you informed along the way.

Learn More

For more information and to stay up to date, visit the information hub at BECUandSAFE.org.

Hear more about how this combination benefits you and the greater Sacramento community: BECU and SAFE Combine.

Thank you for your continued trust. We are confident this partnership will build a stronger, brighter future for our members, community, and team members.

With gratitude,

Faye Nabhani
President and CEO
SAFE Credit Union

SAFE and BECU

SAFE Credit Union to Combine with BECU

SAFE Credit Union has signed a definitive agreement to combine with BECU, one of the nation’s most respected and successful credit unions. Upon closing, the combined credit union will serve approximately 1.8 million members across more than 80 physical locations and manage nearly $34 billion in assets. The new credit union will bring more value and benefits to our members and the communities we serve, with enhanced technology, increased community support, and more convenient banking services for members through all stages of their financial journeys.

How SAFE Members Will Benefit

Lower and Fewer Fees

SAFE members will enjoy fewer and lower fees.

Increased Member Value

Loan and savings services that reward loyalty and smart habits.

Enhanced Community Impact

A combined commitment to support local communities.

Members Always Come First

This combination is built on our shared values that keep members front and center. The combined credit union’s greater resources mean that SAFE members will be able to take advantage of enhanced products and services.

First-time homebuyer programs and grants that help people purchase homes and make the most of their investment.
Loan programs that lower rates as credit scores rise to reward healthy financial habits.
More branches in locations that serve more members.
Increased investment in our community through partnerships and philanthropy.

No Immediate Changes

Nothing is changing right now or in the immediate future. SAFE branches are still open and accessible and future branches are planned. SAFE and BECU will continue to operate under their existing brands for the foreseeable future. Members’ accounts, and services will continue uninterrupted and local branches are open and accessible.

Account number(s) will not change.
Existing loan terms will stay the same.
Debit and credit card numbers and terms will remain the same.
Branch hours will remain the same and existing locations will remain open and accessible.

Deeper Community Impact

BECU shares our purpose-driven mission and has a strong track record of community giving, local engagement, and member-focused values. SAFE’s current sponsorships will be honored, and local investments will grow.

Next Steps

During 2026, SAFE and BECU will continue the combination process, including receiving approvals from state and federal regulators, as well as a vote of SAFE Credit Union members. We’ll be sure to share updates with members during the process to keep you up to date.

Frequently asked questions.

To comply with the California Consumer Privacy Act, SAFE Credit Union notifies individuals who are parties to business accounts/loans of the categories of personal information we may collect and how we use it. View our personal information collection practices.

SAFE and BECU to Combine

SAFE and BECU

SAFE Credit Union to Combine with BECU

For select savings accounts. Offer ends 12/31/25.

How SAFE Members Will Benefit

Lower and Fewer Fees

Increased Member Value

Enhanced Community Impact

Members Always Come First

No Immediate Changes

Deeper Community Impact

Next Steps

Frequently asked questions.

Frequently asked questions.

Why is SAFE combining?

Is SAFE Credit Union in financial trouble?

Is anything changing for me?