SAFE Credit Union in Folsom, California, has named its first woman president and CEO in its over 80-year history, though her promotion will be gradual.
The $4.4 billion-asset institution announced this week that current executive vice president and chief credit officer Faye Nabhani will become president effective Jan. 1, 2022, and take on the role of CEO on Jan. 1, 2023.
“SAFE is a strong credit union and key corporate citizen in the region. … I look forward to continuing to find new and innovative ways to better serve SAFE’s members,” Nabhani said in a news release Thursday. “SAFE will always be a partner to our community through philanthropy, corporate engagement, and by providing financial health to our members.”
Nabhani will succeed Dave Roughton, who has been the head of the credit union for the past six years and is set to retire at the end of next year.
“On behalf of SAFE Credit Union, thank you to Dave Roughton for his vision and leadership to build a strong credit union and position it for success into the future," Terrance Tremelling, chair of the SAFE Credit Union board of directors, said in the release. “Under his stewardship, SAFE doubled in size from $2.14 billion [of assets] to over $4.3 billion, and from 192,000 members to more than 240,000.”
