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The planned merger between SAFE Credit Union and BECU will lead to the removal of SAFE’s headquarters from the Sacramento region, as the combined entity will be led from BECU’s existing headquarters in Washington state. SAFE Credit Union is currently based in Folsom, California and has played a significant role in the local financial sector, but the merged organization will shift its central operations out of the area.
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Merger Details
- The merger will create the fourth-largest credit union in the United States, serving approximately 1.8 million members across more than 80 locations.
- The transaction is set to close by early 2027, pending regulatory and member approvals. Until then, both institutions will operate…