Wednesday, August 19, 2026

The SAFE/Boeing Merger-Muckup: Respecting The Right Of The Members To Choose?

  CEO Faye Nahbani

✅ "Next Steps...: "Your vote is the next milestone and is expected in Q3/Q4 this year. You will receive your ballot and have plenty of time to review and cast your vote."

California CU statutes require the following: "A Plan of Merger must be approved by a majority of all the members of a disappearing credit union, by vote or written consent."

Commenter question: "Ms. Nahbani, after reviewing the material, if a majority of us do not vote in favor of this merger, will you respect our decision or ask the state regulator to overrule our vote?"

😎 If the SAFE membership is pleased with the performance of SAFE CU as a very successful, local, hometown, home-owned institution, why would Ms. Nahbani seek to thwart that member choice?

 Is the SAFE member vote really a milestone... or simply a ruse?