The SAFE Mega-me Merger: Awaiting Regulatory Approvals?

                                    Awaiting A Regulatory Blessing?

According to the SAFE Board:  "The combination process includes regulatory approvals, detailed integration planning, and ultimately, a SAFE member vote."

As easy as 1-2-3! 1) Regulatory approvals, 2) a detailed integration plan, and ultimately 3) a SAFE member vote. And BINGO!, the 85-year SAFE Credit Union charter is no more!

😎 Does this official outline of the merger process from the SAFE leadership make sense? 

Of course it doesn't! Shouldn't the 11-member SAFE Board - with a legal, fiduciary duty to 245,000 members in California - feel some obligation to first discuss the reasons for leaving home, and eloping to Washington, for a marriage of convenience with this hussie Huskie? Say perhaps, with "the family" in Sacramento? 

✔ Have the 245,000 SAFE member-owners requested this merger? No!

✔  Have the 245,000 SAFE members seen the "definitive merger agreement"? No!

✔  Have the 245,000 SAFE members been asked for input? No!

✔  Are the 245,000 SAFE members aware of the financial disadvantages of this merger [link]? No.

✔ Will the majority of all 245,000 SAFE members vote for this merger? No!

😎  Will   - a regulatory agency steeped in its role of consumer protection - approve a shotgun marriage?

  Department of Financial Protection and.. I do? Such a tinder moment!