The combination between BECU and SAFE Credit Union is proceeding smoothly and according to plan. Together, we couldn’t be more excited to create a combined credit union that will deliver enhanced benefits for our members, communities and employees. With greater resources and technology, we’ll be able to do more of what credit unions do best: show up for the people and places that need it most.  

With that in mind, SAFE shared with its members at its annual meeting on April 21, 2026, two meaningful commitments that will benefit Sacramento-area members and the community immediately upon completion of the combination:

• For members: $500,000 dedicated to First-Time Homebuyer Grants, bringing a BECU hallmark program to the Sacramento region. This grant program provides eligible members up to $8,000 to put toward a down payment or closing cost assistance for first home purchases.

• For the community: An additional $1 million investment added to the $500,000 SAFE traditionally gives annually toward philanthropic initiatives that reflect what matters most to SAFE members and the Sacramento community. This aligns with BECU's longstanding commitment of approximately $6 per member per year invested back into the community.

Both of these commitments build on the positive impact SAFE and BECU have historically had on their communities. To put it into perspective:

• In 2025, BECU invested more than $2 million to support 267 first-time homebuyers through its First-Time Homebuyer Grant program. Since the program launched in 2018, BECU has granted more than $13 million to help nearly 2,000 members purchase their first home. We can’t wait for this program to be available for SAFE members for years to come.

• In 2025, SAFE invested more than $446,000 in the Greater Sacramento region in grants, community partnerships and scholarships that centered on areas that align with SAFE's purpose to help build financial freedom: workforce development, financial education, affordable housing and youth/young adult education.

Through the combination, it is expected that SAFE members will see a 34% increase* in the amount of money returned to them through lower fees, improved interest rates and more upon completion of this combination, up from $47 million to $63 million annually.

These commitments are just the beginning of how our shared values will be demonstrated as one unified credit union upon close of the combination, and we are excited to drive the positive impact of enhanced benefits and increased support for our collective members and communities.

_{*The estimated annual member value figure is based on SAFE’s 2024 financial metrics and represents the overall financial advantage members receive compared to other financial institutions. Amounts are rounded and provided for illustrative purposes.} 

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