"Antiquated Laws: State laws governing state-chartered credit unions haven’t been updated since 1975, before computers and the internet. Outdated laws create administrative hurdles for credit unions, and some of them are costly. A modernization of North Carolina’s laws would allow credit unions to serve their members more efficiently."
Mr. Schline claims that for North Carolina credit unions, the biggest threat to the future, is the past. He conveniently overlooks the unquestioned - and generally unmatched - success of North Carolina credit unions over recent decades. A thoughtful, balanced and effective statutory framework has enabled North Carolina credit unions to grow, prosper and evolve with the times.
The Carolinas' Credit Union League evidently doesn't "put much faith" in "antiquated" laws which have stood the test of time.
What will they want to change next...
... hasn't been updated since "before computers and the internet", has it ??!!
For those of us who could not be a part please share details!!
ReplyDeleteAmen!
ReplyDeleteMr. Schline, I would disagree with you on the Past being credit unions' biggest threat. First and foremost, this forgetting the past idea you & Hayes share is really showing your true thoughts on the credit union movement. Your total disregard for the "Credit Union Difference." One of the biggest threats for credit unions is turning them into Profit Machines so the American Banking Association feels the need to come after our not-for-profit status again. You should know better than to open that door again. And if that happens you guys will own it, and all NC credit unions will know who brought it to our door.
ReplyDelete"haven’t been updated since 1975, before computers and the internet."
ReplyDeleteShould someone tell Mr Schline there's probably not computers or internet services available in those financial service deserts he fighting for, they are fairly remote areas. His logic on the merits of this bill is confusing me.
Do Jim Hayes and his executive team realize what state employees, neighbors, friends, family, and the community are saying and sharing about SECU lately? …..I’ll give ya a hint, it’s not good stuff. My hairdresser just told me about this site and I’m not happy
ReplyDeleteThey don't care what you, your hairdresser, employees or any member thinks. They know what is best for us. Members are nothing more than a bunch of backwoods, southern dunces to them.
DeleteHayes and the Board are hurting SECU in many peoples eyes right now. All this at the same time so many county employees with LGFCU are losing their branch services. SECU has never experienced anything like this in my history using them. Very upset with the decision makers, ruining our credit union.
DeleteNeed to clean house with the whole lot of them, but I heard they made changes to annual meeting voting. Now why would that be, if they weren't doing something wrong.
DeleteThey cannot out vote over 2M members for SECU and 400K (well dropping) for LGFCU. It’s time for members to put our democratic rights to actions. One member one vote - Members need to remove both boards and EM team for maladminstration and put back together what was built and stood strong for many decades.
Delete