Frequently Asked Questions

• This combination is about bringing together two successful and well-loved credit unions to create an even stronger organization to meet the evolving needs of our combined members and local communities.
• BECU and SAFE are like-minded in our Purpose, Vision, and Values, and share an unwavering commitment to the cooperative principle of "people helping people.”
• By joining forces, the combined organization will deliver even more value for 1.8 million members across more than 80 locations, with more than $33 billion in assets.
• Combining into one credit union creates the foundation for a partnership that will strengthen both of our abilities to serve members effectively, while preserving our similar purpose to bring people together to improve the financial well-being of our members and communities.  
• The proposed combination will also significantly deepen both organizations’ ability to continue to make meaningful community investments and extend BECU’s proven model of successfully bringing community-focused banking to new markets and across a broader geographic footprint.

‍

• Together, we will maintain our commitment to delivering value to our members and supporting our communities.
• For BECU members, this combination allows us to become an even stronger credit union, significantly enhancing our ability to invest in products, services, and experiences. Over time, it will provide access to an expanded branch footprint across the West Coast, an extension of our community impact, and allow us to lean into our vision of being “digital first, human always."
• For SAFE members, this means access to enhanced benefits and increased value through innovative programs like a first-time homebuyer grant and automatic loan repricing for various products.
• The proposed combination will also significantly deepen both organizations’ ability to continue to make meaningful community investments and extend BECU’s proven model of successfully bringing community-focused banking to new markets and across a broader geographic footprint.

• The combination, which has been unanimously approved by the Boards of Directors of both organizations, is contingent upon regulatory and SAFE member approvals. We anticipate the merger will close by early 2027.
• BECU and SAFE will remain two separate credit unions until the combination is complete.
• We will share updates as they become available on www.becuandsafe.org.

• Upon closing, the combined credit union will be led by Beverly Anderson, BECU’s president and CEO.
• Faye Nabhani, SAFE's current president and CEO, will serve as Market President for the Greater Sacramento region, reporting to Beverly Anderson, BECU’s president and CEO.
• SAFE will also have representation on BECU’s Board of Directors.

• No action is needed. We do not expect any impact to services for our members during the closing process of this combination, which we anticipate being final by early 2027.
• ‍We will continue to serve our members and operate with the same care and commitment you expect from us.

• We do not expect any impact to your account or the way you bank at this time.
• We will notify members well in advance of any changes following the completion of the combination.

• There will be no location closures or changes to hours as a result of this combination.
• We remain dedicated to offering consistent service at all our locations and will keep supporting our members with the same level of care you expect.

• BECU and SAFE are both members of the Co-Op Network. Even before the combination is complete, you can continue to utilize the existing benefits provided by our mutual participation in the Co-Op Network that are described here: Shared Branching Information | BECU.
• In the future, members of both organizations will have access to an expanded branch footprint across the West Coast.
• We look forward to sharing more information after the combination is complete.

• For credit union combinations, members of the remaining institution- in this case, BECU – do not need to vote, so no action is needed from BECU members.
• SAFE members will have the opportunity to vote on the combination, likely later in 2026. We will share more information as details are confirmed.
• That said, we appreciate your perspectives and you can submit feedback directly online here.

‍