August 4, 2026

The process towards completing the combination between BECU and SAFE Credit Union is proceeding smoothly and has reached an important milestone. Today, BECU and SAFE announced that the National Credit Union Administration (NCUA), the Washington State Department of Financial Institutions (DFI), and the California Department of Financial Protection and Innovation (DFPI) have granted regulatory approval for the proposed combination. 

This marks another step forward in the combination process and brings us closer to the opportunity to build on the strengths of both organizations. By coming together, we will be able to accelerate investment in the products, services, and technology that members rely on, while strengthening our shared commitment to the financial well-being of the members and communities we serve. The next step in the process is approval by SAFE members.

Additional information about the benefits of the proposed combination and details on how and when to vote will be shared with SAFE members in the coming weeks.  Subject to the outcome of the SAFE member vote, the combination is expected to close on January 1, 2027.

To learn more about this announcement and what this means for you, read the full press release and Q&A.