Some sort of "imminent threat"?
"On April 16, 2025, I attended the SAFE Credit Union Annual General
Membership meeting. There was no mention on the agenda of any ongoing
merger discussions."
"On November 18, 2025, SAFE Credit Union announced a “merger” with Boeing Employees Credit Union (BECU). BECU has no ties to Sacramento and no business relationships with the Sacramento community."
"I was stunned to hear of this agreement, which was described by SAFE CEO Faye Nabhani as “definitive”."
✅ Scott Rose, a member of SAFE Credit Union since 2002.
I am not familiar with the rules concerning State Chartered Credit Unions. I would suspect that the Board of Directors have the same level of fiduciary duty to their credit unions and membership. As a volunteer why would you ask to be sued because there is no way they could justify this transaction being in the best interest of the members. B
ReplyDeletemembers don't matter to safe board, ceo admits she can't handle it, doesn't know what to do.
ReplyDelete