😎 Please take a moment to read (or re-read!) the exchange with a fierce critic in yesterday's post [link], particularly with the comments starting here [Anonymous August 22, 2026 at 3:55 PM].
✅ It's been a long, long trek to arrive at these facts:
- 1) SAFE CU is a safe, sound, thriving Sacramento institution.
- 2) The SAFE membership did not request this merger.
- 3) The SAFE Board and CEO are selling out the membership and the community for no measurable benefit.
- 4) A majority of all SAFE members will not vote to approve the merger as required by law.
- 5) At which time, the California CU regulator has the legal authority to approve the merger - regardless of the vote.
- 6) Equally, the California CU regulator has the legal authority to deny the merger, regardless of the vote; but has never done so with past merger proposals.
✔ We have arrived at the test question (at last!): Given these facts, what is the duty of the State to all parties involved with the SAFE/Boeing merger proposal? Who's interests should be protected?
If we're counting on the folks of Sacramento to 'Do the Right Thing' we will be sorely disappointed ... JMO
ReplyDeleteWhy?
ReplyDelete