.... Oh, really? "The combination between BECU and SAFE Credit Union is proceeding smoothly and according to plan."
[link] .💣💣💣 During the SAFE Annual Meeting on April 21st, the SAFE Board attempted to defuse a rising member uproar over a secretive - seemingly insensible - merger, which has become a ticking time-bomb of reputation risk and a PR debacle. ✔ Here's how well that SAFE Board bunkum went down! [take a look -link]Although the merger with Boeing Employees Credit Union has been over a year in the planning, SAFE members have never been engaged, consulted, nor involved in the process. The SAFE Board and CEO chose to surprise announce the merger as an "fait accompli" in November, 2025; yet, continue to refuse to inform SAFE members of the details of their "definitive agreement" [link]. With that "Sorry, it's a done deal" hubris, SAFE senior leaders appear to have adopted the infamous, CU imperial "we/we" governance doctrine. For SAFE member-vassals that means, from now on: "We will let you know what you need to know, when you need to know it." The proposed merger, if it proceeds, will extinguish the charter, local focus, and independent existence of SAFE CU forever. A successful, 70 years of local control and operations discarded by a cavalier Board, backed by timorous senior leadership .Blunt indifference to the opinions of SAFE members and to the best interests of the Sacramento community at large, now seem to define the new/new vision of the Credit Union: ✅ "At SAFE Credit Union, you are a member, but please don't act like one!" 
"After the confrontation, the source said security was called..." Is that what you meant by: "... proceeding smoothly and according to plan." ?
Is anyone surprised that they shut out Scott Rose from speaking? No, the Board members, who were elected to serve the will of the members they represent, have made up their minds and nothing will change their decision. They want to be sure the voters have not heard all the cons regarding this grand merger for fear they will vote NO. To those SECU members/employees who think that this will never happen to SECU, think about it. When you read what the Safe CEO and other pro-merger people were saying about their plan, it sounded like a great plan, didn't it? But now you have read more of the facts you and understand what Safe is sacrificing, you probably don't think so now. So, if a merge opportunity should present itself to SECU, can you be sure that you will be given all the facts before you are asked to vote. OR will opposing facts be suppressed. The freedom to speak or ask questions at our Annual Membership Meetings has already been suppressed. What happened to Safe members, could happen to us. The Board members are accountable to their member-owners. The responsible action by the Safe board would have been to listen to Mr Rose and give their rebuttals. Were they scared the could not justify their decision against the opposition? - c
ReplyDeleteThe biggest mistake in life is believing it can’t happen to you...
DeleteOne would think the oversight organization would step in for the sake of the members but alas no such luck (apparently they work for the business) ...
ReplyDeletebottom line, these folks don't give a flip about the members, the members are there to pay their free lunches and overpaid salaries!
“Let them eat cake”... says the board
ReplyDelete"The deal would make BECU the nation’s fourth-largest credit union, overseeing $33 billion in assets, up from fifth."
ReplyDeleteYeah and what does it make SAFE CU?
8:55am As the quote states, the merger is about the new "overseers", not SAFE
Delete8:55 it makes them absorbed and invisible.
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