Saturday, March 11, 2023

Better Have "Legal" Look At That "Competitive Dividend Rate" Phrase - Pinocchio #5

 To: SECU  Board of Directors

Chris Ayers ImageDear Chairman Ayers,  

As a lawyer, very certain you appreciate the importance of  exactitude in wording (y'know like ."..never made a "formal" proposal..."). 

Might want to have "legal" double check the meaning of "competitive". Would appear that SECU members, who are taking their money elsewhere, do not agree with your definition. 

Seems there is increasing member disagreement with your personal piques and whims about SECU...👎👎👎


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  1. Well.....that's kinda embarrassing.

    Not that long ago (about 18 1/2 months) SECU was an industry leader in loan and deposit rates. Now it appears SECU is just an insignificant follower.

    The members deserve better.


    1. Hmm. About the time MikeLord retired?

  2. Oh, Ayers...

    "But Ayers has spent most of his career working on behalf of utilities, not citizens. He worked at the Raleigh-based Hunton & Williams law firm (alongside Utilities Commission Chairman Finley) for six years before moving on to work as a partner at Poyner & Spruill, in 2009. Both firms have extensive ties to private utilities companies. Hunton & Williams lobbies on behalf of utilities companies, including Duke Energy, and it represented Progress Energy in 2012 merger negotiations with Duke.

    Ayers worked on Duke Energy’s behalf during that merger. He also worked as campaign treasurer for conservative state senator Chad Barefoot, R-Wake, during his 2012 campaign."

  3. Who does Chris Ayers work for in ANY of his roles within our great state? 🤔

  4. I didn't realize that our Board Chairman was THE Chris "coal ash" Ayers. Learn something new every day.