Why We All Should Support A Free Press! When SECU Won't Tell It's 3 Million Members...

                                         ... BNC Will! 

  August 11, 2026 [link]

 

Another competitive SECU board election? 

"The N.C. State Employees’ Credit Union is gearing up for its board election that concludes at the Oct. 13 annual meeting, with five people vying for three slots.

The credit union’s five-member nominating committee, including four board members, recommended Charles Stone, Michael Clements and Christopher Dillon, according to a letter to members on the credit union’s website.

Stone and Clements were elected in 2023 as part of a three-person slate that ousted incumbent directors favored by the sitting board at the time. Barbara Perkins, who was also elected in 2023, resigned from SECU’s board earlier this year, citing undisclosed policy differences with credit union leadership.

Two other retired SECU employees have self-nominated for the election and will be on the ballot after gaining the required 500 qualifying member signatures: Julian Hawes worked in Goldsboro, while Barry Browning was in Roanoke Rapids and Elizabeth City. SECU informed the two that they would be included, Hawes said today." 

😎  [But SECU won't let members know for several more weeks!]

"Christopher Dillon formerly worked as a senior assistant county manager for Wake County and as vice president of government affairs at the N.C. Railroad Co. He is not related to Chris Dillon, the chief judge of the N.C. Court of Appeals.

SECU is the second-largest U.S. credit union with assets of $60 billion. Its membership of 3 million makes up more than a quarter of North Carolina’s population.

Credit union members elect the 11 board members, with three or four seats opening each year. SECU directors don’t receive compensation except for expenses."

😎 [You're not supposed to know; so, be sure to keep it a secret!]

  Could cause problems? If members know what's going on?

 

The SAFE/Boeing Mega-Me Merger: It's Written In The Stars - Astronomical Growth?

   The Zodiac - Sign of the Crab?

The twelve astrological signs are Aries, Taurus, Gemini, Cancer, Leo, Virgo, Libra, Scorpio, Sagittarius, Capricorn, Aquarius, and Pisces. The word cancer comes from the Greek word for "crab".

 Cancer is a word that scares most of us. We know cancer as a disease in which some cells grow uncontrollably  The orderly process of organic cell growth breaks down, and these abnormal cells grow and multiply when they shouldn’t. The cancerous cells may form tumors, which invade nearby tissues and can travel to distant places.

 Cancer cells kinda remind you of "Mega-me mergers" like SAFE and Boeing.  Mega-me's differ from normal credit unions in many ways. For instance:

• Mega-me's grow in the absence of any signals from members asking them to grow. Normal credit unions grow only when supported by their member-owners.
• Mega-me's ignore financial signals that tell them to stop expanding indiscriminately and refrain from destructive growth. 'Me-first-and-only" has high costs.
• Mega-me's invade other areas beyond their scope and refuse to stop growing when they encounter other credit unions. "Me" becomes more important than "we" to a cancer cell.
• Mega-me's suck capital from local communities and drain local economies to grow larger. This lets the "tumors" grow more quickly.  
• Mega-me's often hide from the regulatory system, much like cancer hides from the immune system. The immune system seeks to eliminate abnormal cells - with good reason.
• Mega-me's attempt to trick "the immune system" into encouraging their potential cancerous growth.  Some regulators unwittingly provide "immunity" to these cancers, rather than controlling them for the good of all.
• Mega-me's, like cancer become voracious, devouring normal credit unions without purpose, nor benefit to members. The focus of a cancer is to grow for growth's sake - despite the end results. 
• Mega-me's often rely so heavily on these abnormal, cancerous behaviors that they can’t survive without them.

  Today's Mega-me horror-scope: Crabby, moving sideways, with astronomical cooperative costs!