✅ So lets add two more alternatives for the member-owners of SAFE credit union to consider, that will give us five choices (there could be many more):
1) 🔲 Merge with BECU - receive free membership and no cash. [The current SAFE Board approved recommendation to members [link]].
2) 🔲 Merge with BECU - receive free membership and distribute $1,639 cash to each SAFE member-owner [link].
3) 🔲 Merge with BECU - receive free membership and distribute $100 cash to each SAFE member-owner [link].
4) 🔲 Merge with BECU - receive free membership and distribute $500 cash to each SAFE member-owner.
5) 🔲 Merge with BECU - receive free membership and distribute $1,000 cash to each SAFE member-owner.
✅ Similar to #3, if the SAFE Board chose #4, BECU would still receive a free credit union, 244,000 new members and @ $275 million in cash. Under #5, BECU would still receive a free credit union, 244,000 new members and @ $156 million in cash.
😎 If you were a "pure play" merger expert like Jefferies, LLC, would you have any difficulty recommending any of these merger proposals to BECU?
✔ If you are a member-owner of SAFE credit union, should you be requesting a little more information from the SAFE Board on why choice #1 is the best decision for you?
