Well.. they've been told a couple of things will change - they get $1 million to spend the community and they get $500k in home buyer grants. The Board and Faye's lame attempt to provide proof points that this merger is a good thing...If they were looking after the best interests of their members and local community, why don't they do it now? Why do they have to wait 1.5 years and lead members to believe if can and will only happen if they merger? A 1.5 million would cost them 3/10th of 1% of their capital. Check out Golden 1 - a $1 million dollar commitment to the local community. They're stepping up and filling the void. SAFE is tell the community they need to wait.
Then Schools First comes out with home buyer grants that members can get in their local Sacramento branches.. SAFE is making their members wait and putting conditions on it. If members vote no on the merger, does that mean SAFE won't help them buy homes? Kudos to Golden 1 and Schools First for acting and simply making a choice to help their members. SAFE could do the same tomorrow, but they choose not to. Doesn't sound to warm and fuzzy to me.
plus 
We'll still be warm and fuzzy! 
Well.. they've been told a couple of things will change - they get $1 million to spend the community and they get $500k in home buyer grants. The Board and Faye's lame attempt to provide proof points that this merger is a good thing...If they were looking after the best interests of their members and local community, why don't they do it now? Why do they have to wait 1.5 years and lead members to believe if can and will only happen if they merger? A 1.5 million would cost them 3/10th of 1% of their capital. Check out Golden 1 - a $1 million dollar commitment to the local community. They're stepping up and filling the void. SAFE is tell the community they need to wait.
ReplyDeleteThen Schools First comes out with home buyer grants that members can get in their local Sacramento branches.. SAFE is making their members wait and putting conditions on it. If members vote no on the merger, does that mean SAFE won't help them buy homes? Kudos to Golden 1 and Schools First for acting and simply making a choice to help their members. SAFE could do the same tomorrow, but they choose not to. Doesn't sound to warm and fuzzy to me.
https://thecudaily.com/schoolsfirst-fcu-offering-mortgage-grants-of-7500-toward-downpayments-closing-costs/
https://thecudaily.com/golden-1-cu-to-make-1m-investment-in-university-to-support-several-areas-including-basic-needs/