Thursday, April 27, 2023

H. 410 - "Credit Union Updates" Passes N.C. State House 85-25. 

Looks like we have a little work to do, doesn't it!

Having passed the State House, H. 410 now moves over to the Senate side of the Legislature; and, will go through a similar consideration process there. So get ready for Round 2! 

Now, not trying to be pushy; but hey, hope you're not treating this struggle as if you're snuggled-in watching Season 3 of the Mandalorian!   It sure wouldn't hurt any, if you would put up the popcorn and get off your..."couch"...and help out a bit, ok?  At least look up who your State Senator is (see bottom of 4/12 post on how to easily do that) and write it down for later.

Three pieces of good news: 1) We now have a final bill, instead of a moving target, 2) SECU has come out in full support of the bill (see 4/24 post), no more coy smoke and mirrors, and 3) awareness - and understanding - of the real issues in H. 410 is rising rapidly all across North Carolina. Easy example? This blog has had over a quarter of a million hits in less than 2 months. Hey, so get off your..."couch"...c'mon!

We now have more time to make our case to the Senate (perhaps a mistake to scare Dan Schline and CCUL so much! Word has it he got panicky and pulled out all stops to rush the bill through the House!) So, lets not waste time; you up off your "couch" yet?

One step back to yesterday's post (4/26) about "two pure fictions ", which were used as justification for passage of H. 410 in the House: "new" safe deposit box and federal parity authority.  See yesterday's post for the section of state law - 54.109.(25) - that has authorized "federal parity" since 1975.

But here is your reference on safe deposit box authority from the actual bill summary and analysis provided to legislators (see your H. 410 tracking page at

"➢Expand financial services offered, such as safe deposit boxes, ... and electronic transfer of funds."

So, since you're off your couch now:

1) Send Representative Howard a polite message and ask her to call the SECU branch in her hometown Mocksville (336-751-3201 or just search "safe deposit box" on the SECU website if easier) and ask if they offer safe deposit box service (or electronic funds transfer services for that matter!!) And, also ask the Representative, who told her that these would be newly authorized services for state-chartered credit unions?

2) Send Representative Bell a polite message and ask him to call First People's Credit Union in his hometown, Goldsboro (Crystal Grant is the very capable CEO of the $35 million CU! - 919-736-0885 or just check Same question... and who told him these would be new services? 

3) Call or send a not-so-polite message to Dan Schline (336-601-1682 or and ask him why he sat through the House Banking Committee meeting (4/20) and left Representative Howard "swinging in the wind" to make these false claims to her legislative colleagues, without helping with the correct information?

Post a comment if you hear back!


...get the feeling we'll need helmets all around before this is over ? - Mando Duck!⛑⛑⛑


  1. The Force be with us!

  2. As the guy on that 9/11 flight said: Lets roll !!!
    Lets take these b'tards down!

  3. where does it go now? have to have committee hearings in the senate? Ramp up the not good for the members, but great for the elites! there has to be a pot of gold for these folks-- Schline, and the SECU Board. this is not altuistic. why would you tear down 85 years of success otherwise. Cant wait to see the numbers for the quarter just ended!

  4. Work on taking ayers, garland, moon, wooten, sanford, brinson out at least...complete dips

  5. Ayers isn't up until 2025. It's Garland, Sanford and Moon that I believe is up in October.

  6. According to the SECU WEBSITE Rep. Bell currently serves on one of SECU Advisory Boards in his hometown.

    1. Well, there's a shocker...

    2. Sucks to be that branch manager. Gotta watch what you say or you're on the chopping block.

    3. Wow, so I guess he doesn’t know what services SECU has to offer or are we just lying or getting paid to lie

  7. Time to get off the couch. No time like the present, sent this off today.

    Senator Perry,

    I am reaching out again as a concerned constituent as this bill has now passed the House and moves into the Senate for consideration. While the bill seems to be innocuous on its surface, “merely“ updating state chartered credit unions to “compete“ with federally chartered credit unions, there are many underlying factors that I feel have not been fully considered as part of this bill.

    One of the most disturbing aspects of this bill is the misinformation that has been presented concerning its necessity. A simple reading of the language from the bill which implies that the bill “will allow credit unions to expand financial services offered such as safe deposit boxes… and electronic transfer of funds” is misleading as these services are already offered to our state chartered credit unions. I myself have a safe deposit box with SECU, the second largest credit union in the United States. SECU is a state chartered credit union in North Carolina and has been since its inception more than 85 years ago. To my knowledge they have offered safe deposit box service for over a quarter of a century. I also utilize bill pay services through SECU, a state chartered credit union, to pay auto and other bills each month. I can not think of a better example of electronic transfer of funds than electronic bill pay services.

    During the “debate” in the House, Representative Howard specifically stated in her support of this bill that the most important aspect of the bill was to allow state chartered credit unions to achieve parity with federally chartered credit unions. I would say that with SECU being the second largest credit union in the entire United States that achieving “parity” has not been an issue. Regardless NC law backs up the fact that this parity already exists. Since 1975 NC Statute 54-109.(25) states: “Notwithstanding any other provision of this Chapter, the Administrator of Credit Unions, subject to the advice and consent of the Credit Union Commission, and upon a finding that action is necessary to preserve and protect the welfare of credit unions and to promote the general economy of the State, may adopt rules allowing State-chartered credit unions to engage in any activity in which they could engage if they were federally chartered credit unions.” That seems to me that parity with federal credit unions has already been codified as part of our state law.

    I appreciate you taking the time to read this lengthy discourse and to hopefully delve deeper into the subject matter before making your decision. I feel that much of the support for this bill has been gathered through misinformation and obfuscation of the facts and merely wish for you to take a deeper look at the greater good for your constituents and the people of this great state of North Carolina. Thank you again for your service.


    1. ^ Like. As you pointed out, the 2nd largest CU in the country is right here in NC, so parity obviously isn't an issue. Great job!