Monday, April 3, 2023

Risk-based Lending (RBL) - Keeping Folks In Their Place - Especially Young Women

KEEP 'EM IN THE KITCHEN...!    As "your" SECU Board of Directors, "WE" have decided "WE" no longer care that as a single Mom (credit scores for folks in their 20's are -43 below national average (703) and for females -12), you may have greater challenges in making ends meet from time to time.

Lets see 703 - 43 - 12 = 648...Why, you're just a lowly, high risk, "won't keep your word" type of lady! Definitely an SECU "C" tier "profile" ("We" all know what that little word means, don't "We"!!). You should be grateful "WE" lend to you high risk folks at all! 

But "I've always paid the Credit Union, been a member since I was born"? That's "your" problem, "WE" really don't have time to listen to your whining, excuses, stories - "WE're" rebranding, going commercial, and grow, grow, growing GLOBAL!!!  


... she was lucky the SECU Board even "DEIgned" to respond to her! Just another SECU DEI disaster - a Misty Haze (mmmm...hazy!)                


  1. The "new and improved" name for the new credit union lending process is "Tier Based Lending". Honestly, that reeks a little of misdirection and obfuscation. Risk Based Lending is a little better - you begin to get the picture. But I think the perfect name for the new way of lending for Gym and the Board should be...Discriminatory Based Lending! Has a certain ring to it doesn't it? It's clear and to the point, backed up by facts - really sends a clear message - no way to confuse that one right?

    The members deserve better, I wish Gym and the Board did.


    1. The new direction and new culture such a joke. Not enough damage by causing divisions among staff with titles and classes of specialist, now you have to look at members by tiers. Going backward in time instead of forward.

  2. If SECU becomes commerical that would mean the board positions will be secured and they will be compensated, correct?