"Only don't tell me you're innocent, because it insults my intelligence and makes me very angry." - M. Corleone
Now that we have those trolls back under a rock, lets return to the discussion of the BECU/SAFE merger [link] much in the news. After the merger, BECU will become a $33 billion institution and SAFE will disappear.
Founded by a visionary group of Sacramento government workers in 1940, the member-owners of SAFE have built a $4 billion credit union worth over $400 million!
The SAFE CU Board of Directors is composed of 11 members. According to the SAFE website [link]: "Serving on our Board provides opportunities to network, grow your personal brand, support initiatives that resonate with you while serving our members."
✅ Recently the Board of Directors of SAFE voted - "on behalf" of the 244,000 member-owners of SAFE - to drop off the keys to the credit union and give that $400+ million in member reserves to BECU.
What a gift! An entire credit union and $400 million in cash, free of charge! And, what do the 244,000 members of SAFE receive in exchange? Membership in BECU! - evidently a benefit valued at @ $1,639 per SAFE member!*
Wonder if the SAFE Board of Directors knew that every SAFE member-owner can join BECU today by simply opening a $25 share account - at BECU: Membership is free! [link].
✔ What if the SAFE Board didn't know that? What if they did...
* [that $400 million in member cash reserves/244,000 member-owners = $1,639 each!]
** For the entire Godfather series click the "Godfather" button at top.
