Awaiting A Regulatory Blessing?
According to the SAFE Board: "The combination process includes regulatory approvals, detailed integration planning, and ultimately, a SAFE member vote."
As easy as 1-2-3! 1) Regulatory approvals, 2) a detailed integration plan, and ultimately 3) a SAFE member vote. And BINGO!, the 85-year SAFE Credit Union charter is no more!
😎 Does this official outline of the merger process from the SAFE leadership make sense?
Of course it doesn't! Shouldn't the 11-member SAFE Board - with a legal, fiduciary duty to 245,000 members in California - feel some obligation to first discuss the reasons for leaving home, and eloping to Washington, for a marriage of convenience with this hussie Huskie? Say perhaps, with "the family" in Sacramento?
✔ Have the 245,000 SAFE member-owners requested this merger? No!
✔ Have the 245,000 SAFE members seen the "definitive merger agreement"? No!
✔ Have the 245,000 SAFE members been asked for input? No!
✔ Are the 245,000 SAFE members aware of the financial disadvantages of this merger [link]? No.
✔ Will the majority of all 245,000 SAFE members vote for this merger? No!
😎 Will 
