✅ SAFE CEO Faye Nabanhi chose "shock and awe" over member dialogue, in her "surprise/surprise" announcement of the mega-me merger between SAFE and BECU in November, 2025
✔ Here's how that came down for long-time member Scott Rose in The Sacramento Bee newspaper [link]:
"On April 16, 2025, I attended the SAFE Credit Union Annual General Membership meeting. There was no mention on the agenda of any on going merger discussions."
"On November 18, 2025, SAFE Credit Union announced a “merger” with Boeing Employees Credit Union (BECU). "
"On February 28, 2026, I was stunned to hear of this agreement, which was described by SAFE CEO Faye Nabhani as “definitive”. - Scott Rose, SAFE member since 2002.
✔ Back in November, Ms. Nabanhi had told the Sacramento Bee: “Our members will see a direct financial benefit in their day-to-day lives, and we’ll be able to do more in the community and for our workforce.”
But subsequent analysis of those "financial benefits" cast doubt on that assertion [link]. Ms. Nabhani countered with a statement to the Bee last month that: “This isn’t about an efficiency play.” [link] 😎 Which seemed to confirm the doubts of members like Scott Rose!
✅ But the good news out of all this confusion could be:
** The 2026 SAFE Credit Union Annual Meeting ** [link]
Tuesday April 21, 2026 at 5:30 p.m.
🎉🎉🎉 "All current SAFE members are invited to attend!" 🎉🎉🎉
[ Location: SAFE Corporate Office, 2295 Iron Point Road Folsom, California]
link response from safe
