Trolls

  

From Godfather Mergers - Part II [link]  Anonymous November 22, 2025 at 8:52 AM "Where’s the rest of my post? Guess it would make your post look really silly, so not surprised you edited it."

😎 Was trying to save our troll from further embarrassment. Our troll is well versed in "looking really silly" ... take a look at some more ("Where's the rest..."):

✅ "You seem to think our Board is clueless, but most aren’t.[1] Kinda think if BECU board approved that scenario there would never be a clearer case of a breach of their fiduciary duty to protect their members best interest [2]

You can, and likely will, dwell in the fact that it’s legally permissible to do what you suggest. No dispute. [3]  However, the only place that scenario would actually happen is in the delusional fantasy land you have in your head. You’re advocating for an act of board negligence.[4]

Would love your thoughts on why you think BECU, or any other CU, would agree to the terms your suggesting, [5] and if they did, how it’s not a breach of their duty. Something tells me this one won’t get posted. There is no rational counter argument to my point."[6]

😎 [1]  The scary part is the troll appears to work at SECU. The silly part is the troll seems to openly imply that some of the SECU Board is clueless ("some aren't").  

😎 [2] Doesn't say why it would be a breach of fiduciary duty!

😎 [3] But interestingly, does confirm correctly that it would be entirely legal.

😎 [4] See [1] above... make that breach and negligence but no explanation

😎 [5] Pledge to do so, if I can get away from responding to this type comment.

😎 [6] Think you may overestimate your rationale somewhat. 

✅ Wikipedia:   Trolls are beings in Nordic folklore, described as dwelling in isolated areas, mountains, caves, or under rocks, living together in small family units, and are rarely helpful to human beings. 

  Don't post most "troll stuff", because it is rarely helpful to human beings.

✔  If you prefer reading something helpful to human beings  on this topic (instead of troll trash), try this [link]. 

 

Credit Unions: The Godfather Mergers - Part II

  “Finance is a gun... ” 

  Comment on "The Godfather Mergers - Part1" [link] from the troll-itariat: "Really big misread on this. You have it backwards. There is nothing in this for existing BECU members. Their capital is diluted by taking SAFE on, it will be a management distraction, and it will drop BECU’s OpEX from 3.43 to 3.30%"

Under the fair payout merger proposal, each SAFE FCU member receives @$1,639 and membership in the combined BECU. The combined capital ratio after the merger is a very strong 11% (the average for all CUs > $10 billion is 10.38% according to NCUA).

The trollish comments - "nothing in this for existing BECU members" and "it will be a management distraction" - are simply amateurish. Criticism of BECU management is completely unjustified. They're "making out like bandits", so to speak. 

But our anonymouse troll saves the worse for last in decrying the fact that the proposed merger "will drop BECU’s OpEX from 3.43 to 3.30%"  

Say what?... that the cost of operating BECU will be lowered from 3.43% to 3.30% is a bad thing? If you go to the grocery store and pay $3.30 for a pound of hamburger rather than pay $3.43, that's a bad thing? This little troll might want to get checked out for "financial microcephalia".

In case you would like the truth: SAFE FCU's cost of operations (troll talk - "OpEX") is a steady 2.50%, while BECU's cost of operations is a persistently rising 3.33% (according to NCUA). In other words, it costs the folks at BECU a third more in operating costs to run BECU, than the cost of running SAFE. 

SAFE is more efficient than BECU and cost wise is the better value for members.

 Well! So much for the ole "economies of scale" claim in hyping up mergers... at least in this case that's "SAFE to say"! 

** For the entire Godfather series click the "Godfather" button at top.