BECU and SAFE Credit Union To Combine
BECU President and CEO Beverly Anderson announces plans to join with the Northern California-based credit union.
Beverly Anderson
(She, Her, Hers)
BECU President and CEO
Published Nov 18, 2025 in:
Hear From Our CEO
Today we're proud to announce our intent to combine with SAFE Credit Union, enhancing our ability to further promote our members' financial well-being and drive positive impact in the communities we serve.
I want to take this opportunity to share why SAFE is the ideal partner for BECU, and how this strategic step allows us to better serve you, our collective membership, and our local communities.
SAFE is headquartered in Folsom, California, and is one of the fastest growing credit unions in the Sacramento area. Founded in 1940, they currently serve close to 245,000 members and have 17 locations in Northern California. Most importantly, SAFE and their dedicated team share our commitment to the cooperative principle of "people helping people."
That same principle has guided us for nearly 90 years and is deeply rooted in our commitment to community, trust and member-first service. We are also committed to staying ahead of our members' evolving needs in today's rapidly changing financial services landscape and to continue serving our communities with the same care and connection we always have.
This is exactly what we are doing by joining forces with SAFE. This combination creates an even stronger financial cooperative that is well-positioned to deliver value to our collective membership, accelerate investments in products and services, enhance member access and continue to evolve for the benefit of existing and future members.
Even as we expand our membership base in California, we will continue to be guided by the values that have made us the credit union of choice for our existing membership, including our ongoing, corporate philanthropy, employee volunteering and investing in communities in Washington state.
Today's announcement is just the first step in the process. BECU and SAFE will remain two separate credit unions until the combination is complete, which is expected by early 2027. As president and CEO, I will proudly lead the combined organization, which will be headquartered in BECU's offices in Tukwila, Washington. As always, our focus remains on your financial well-being as we continue to deliver the great service and member experience that you have come to expect from our passionate team.
In the meantime, we are committed to keeping you informed, and you can find updates on the dedicated website that we set up for this combination at www.becuandsafe.org, which you can also access via the BECU.org homepage.
Thank you for your loyal membership to BECU.
Beverly Anderson
President and CEO
The above article does not give personalized financial, tax, investment, legal, or other business and professional advice. Before taking any action, you should always seek the assistance of a professional who knows your particular situation when making financial, legal, tax, investment, or any other business and professional decisions that affect you and/or your business.
Beverly Anderson
(She, Her, Hers)
BECU President and CEO