Unbearable!
✔ ... and unbelievable! Cal Toast? Here's the skinny:[link]
What a mess! So now you know the truth, credit union mergers come with brass-knuckles, not kumbayah!
Boards and CEO's are on a mission of me-first, more than member-first. The gloves have been taken off, the "faux cooperative purpose", now so in-artfully and embarrassingly exposed.
✅ So how can one make chicken salad out of this chicken mess? God Only Knows!*
Imagine this! SAFE CU (remember them! [link]) steps in with a counter-offer to takeover Cal Coast CU, creating a statewide, California-based, California-led, California-focused powerhouse with @ $8 billion in assets, 450,000 members, 45 California branches, no overlap, no layoffs! California Dreamin'!*
To make it happen! SAFE in addition to merging, agrees to pay each and every Cal Coast member a "Welcome to the SAFE credit union" introductory bonus of $500 in cash! That's right, each Cal Coast member receives $500 bucks! Hey, let the Cal Coast members vote on it! Surf's up!*
SAFE would remain a strong, well-capitalized credit union (10.3+%!) with better rates and lower operating costs. No compliance or control issues! A statewide footprint. Don't Worry Baby!*
And, if the new SAFE/Cal Coast Credit Union needs a sound, experienced, "no mess" leader to heard the chickens...
Bring back Henry Wirz! - the most trusted credit union leader in California, who led SAFE CU for over 30+ years, with honor and integrity. I Get Around!*
😎 Now that really is a kumbayah moment, with good, good... Good Vibrations!*
Yeah!... Wouldn't It Be Nice!*
* California's favorite sons: The Beach Boys.
