Safe Credit Union Joins Forces with BECU for Greater Member Benefits

Combination of SAFE Credit Union and BECU

On November 18, 2025, BECU and SAFE Credit Union took a significant step forward by announcing their merger agreement. This collaboration marks the unification of two credit unions dedicated to enhancing the financial well-being of their members and positively impacting the communities they serve. The merger will enable the combined entity to boast over 1.8 million members, more than 80 locations, and an impressive asset base exceeding $33 billion, thus positioning it as the fourth-largest credit union in the United States by asset size.

This partnership is grounded in mutual values, primarily the commitment to prioritize the needs of their members and a shared vision of community support. The new organization is poised to strengthen its member services by investing in enhanced products and programs, thus better meeting the evolving needs of its members.

Community Investment and Outreach

The merger is not just about numbers; it's about deepening community engagement and enhancing the reach of services. By joining forces, BECU and SAFE Credit Union can implement more robust community investment strategies. The new partnership aims to extend BECU's community-focused banking practices to broader markets, ensuring that more communities can benefit from their offerings.

Beverly Anderson, the President and CEO of BECU, expressed enthusiasm about the merger, stating, "This is an exciting opportunity for both credit unions, made possible by our shared values of putting our members first and making deep connections with our communities." She emphasized the commitment to sound financial management and operational excellence, which are the highlights of both organizations.

Faye Nabhani, President and CEO of SAFE Credit Union, echoed similar sentiments. She remarked, "This partnership is a powerful alignment of purpose and potential that leverages our strengths and recognizes our shared values." Both leaders agree that combining their resources will better equip them to meet the growing demands of their member base and enhance their community-oriented services.

What’s Next?

Both BECU and SAFE's Boards of Directors have unanimously approved this proposed combination. However, the merger is contingent on regulatory approvals as well as a vote by SAFE's membership. The goal is to complete the merger by early 2027. Until then, both credit unions will function independently, ensuring that there is no disruption in services for their members.

Once the merger is finalized, Beverly Anderson will take on the role of leading the new organization, while Faye Nabhani will serve as Market President for the Greater Sacramento region under Anderson's management. This arrangement guarantees that SAFE will also have representation on the consolidated credit union's board.

Final Thoughts

As the landscape of credit unions continues to evolve, the combination of SAFE Credit Union and BECU signifies a commitment to the cooperative principles of ‘people helping people.’ This partnership is anticipated to drive innovation in financial services and foster a community-centric approach that benefits all members. Interested parties can follow the developments of the merger on the dedicated website www.becuandsafe.org.