One thing is clear... the problem is not the Credit Union.
✔ Take a look at this newly released SAFE "Perfect Cents" podcast [link] in which SAFE CEO Faye Nahbani explains why a merger with Boeing Credit Union is necessary. Then take the following quizzes:
✅ Part 1 - Q: Please list the 7 crucial reasons why Ms. Nahbani believes that SAFE Credit Union must sell-out now to the folks in Washington.
A1] By selling out, "We can assure that our success over the last 85 years ("a leader in the credit union space") will continue." [0:00]
A2] "Because we have created a low fee, high rate, high value environment for members to do their financial business with us". [2:15]
A3] Boeing will provide a value "we on our own cannot deliver." [3:15]
A4] [As to the the superiority of Boeing] - "This is provable, it's demonstrable. You an see it in the data, you can see it in their statistics. It's factual which I love, I love data... it's undeniable." [5:45]
A5] "We're at our strongest. I think SAFE's in a great position. We're in the best position we've been in in I don't know how many years." [7:25]
A6] 'Significant fee reductions right off the bat.. the opportunity for better rates even on loans." [10:42]
A7] Sorry as a reader, I just can't waste any more time on this! Over 35 minutes - often nervous, frequently disjointed, unconvincing. [now]
✅ Part 2 - Q: What 7 things did Ms. Nahbani say about her interests and goals?
A1] Favorite snack? "Nerds candy with the gummy in the center". [30:37]
A2] Favorite summer vacation? "Maybe Palm Springs." [31:15]
A3] Favorite car? "DeLorean" [31:52]
A4] Favorite restaurant? "Eat-A-Pita" [33:16]
A5] How long at SAFE? "10 years" [34:38]
A6] Enough years to retire? "33 years working in credit unions". [4:20]
A7] What's next in terms of personal goals, aspirations dreams? "To finish off my Evolving Skies Pokemon series deck." [34:00]
✅ One thing is clear... the problem is not the Credit Union.
Anonymous July 7, 2026 at 10:40 PM
ReplyDeletehttps://www.youtube.com/watch?v=yuYZIcYB8IA
Here is the communication from SAFE you're looking for! SAFE CEO offers scattered and nervous explanation of the "why" on the Boeing merger. Says specifically it offers SAFE members value in better rates than they can't do on their own.
Meanwhile.. today's rates from their web sites:
Boeing new car; 5.74%; SAFE 5.19%
Boeing used car; 6.04%; SAFE 5.29%.
Boeing 6 mo CD, 2.96%; SAFE 3.45%
Boeing 12 mo CD; 2.23%; SAFE 3.04%.
Just a snapshot.. pick other products.. same story.
But we need Boeing in order to provide more value to our members... What???? She goes on to explain that they looked at other partners and picked Boeing precisely because of the value they return to members.
There is a reason Boeing has 12% capital - they're not giving it back to their members. There is a reason SAFE has 9% capital - they are giving it back to their members.
How does she say this stuff with a straight face?
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AnonymousJuly 7, 2026 at 10:53 PM
ReplyDeletehttps://www.becu.org/-/media/Files/PDF/2025-Annual-Report.pdf?rev=de85f74650ab4536b2f0415dbc9a647d&sc_lang=en&hash=AA44F10E73C2E1F6B8BC9D9F85094C2
Then look at Boeing's own annual report... This value to members she brags about was down 16%. Giving was down over a million (so less investment in Boeing's community to pay for the 1 million headline in community giving at SAFE. Surely Boeing members love that), new loans are down a bunch, no growth in assets... but great, added 400 million in equity and pushed the ratio way up... member sat scores down, too. All of this the best option for SAFE members. SMH!
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Time is now to merge cuz we’re in better shape than ever?
ReplyDeleteBy merging we can ensure success like the first 85 years? So I guess success isn’t ensured if they don’t merge? wonder why. We’ve created a high rate and value for our members, yet we can provide more value with Boeing that we’re not capable of on our own? Wait, I thought they already were? Look at those rates. She’s already has better rates than Boeing, but merge and rates go even lower?
Does Boeing understand the more she tries to sell this farce of a merger the worse it looks for Boeing members? Their rates are already higher - are they going to even higher to subside the lower rates Faye is promising? Somone has for all the giveaways, right? , sure, Boeing gets SAFE’s capital, but that will get trapped on the Boeing balance sheet, in the same place they have their existing members capital trapped. It won’t directly hit a Boeing members wallet. Instead, Boeing members pay for all these wonderful things being promised.
Boeing needs to hire a PR coach for her before she causes even more damage. Total train wreck.