BECU open for business in Federal Way BECU had a grand opening celebration of the bank’s new location in Federal Way on Feb. 10. February 13, 2015 5:34 pm Federal Way Mayor Jim Ferrell (fourth from left) and BECU branch manager Rakesh Naidu (holding scissors) cut a ribbon during a grand opening celebration of the bank’s new location. BECU had a grand opening celebration of the bank’s new location in Federal Way on Feb. 10.