😎"My first In-N-Out experience was practically a religious conversion. This local, family-owned chain remains the gold standard against which all fast-food burgers are measured." [link]
✔ From the Sac Bee: "At In-N-Out, we've decided we're tired of being "The Gold Standard" in burgers for Sacramento and all of California. We have decided to give it up. Why be relevant and locally-owned, when we all know "scale is more important than quality"! So "last-gen" to believe that the best is better..."
"Therefore, we are pleased to announce our plan to merge with..."
✔ "But, don't worry "nothing will change for now", same "culture" y'know, and all that ... "People Feeding People!"
Say "Hello!" Sacramento to..."McSAFE"!
We may not be better,
... but we will be bigger!
Big Mac-ramento?!? Nah, you're just clowning around, aren't you? Aren't you...
Trojan horses, clowns? Take a look... be sure to read the comments!
ReplyDeletehttps://chipfilson.com/2026/04/the-most-important-credit-union-function-local-intermediation/
Pretty ugly stuff. Makes you wonder what the SAFE Board was thinking. Either they didn't do enough of the right kind of due diligence, or they were aware of the leadership and culture issues but rationalized it somehow. Neither one is a good look for them. Add that negligence to the overt conflict of interest of SAFE board members financially benefitting from the merger, and there is a credible cause of action from members.
DeleteFed-chartered boards can't pay board members, nor is it permissible in some states for state-chartered CU's. Can someone think of a state CU like Boeing that "acquired" a CU that couldn't pay their board, and them offered them seats with excessive board pay? I am not sure there is a precedent for it.
We don't pay our board members, nor does Navy. Boeing has to pay the chair $150,000 because of their size and complexity? Need to attract and retain qualified Board members, right? Can someone point out where they perform better than we do? Better than Navy?
I felt like I was reading SECU's bio over the last several years ...
Delete