Tuesday, July 4, 2023

SECU New Culture/New Direction - A Doubting Thomas

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... and SECU is now shrinking in so many ways - Happy 4th!

16 comments:

  1. Happy 4th , hope our first CEO fixes the call center work schedule. It's like they had 8 darts and threw them on a 2 week calendar.

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    1. I think you will find that nonsensical schedule is "call center industry standard" and thus better than what we were doing. I wouldn't expect change while Mr. H&R Block is still around.

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    2. I wonder if J.Benesh will be changing branch hours any time soon. There were talks about shorter days during the week and Saturdays.

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  2. The truth is stranger than fiction. I'm still trying to wrap my head around the rapid descent of SECU. 2-3 billion just wiped away ... that ain't no small feat.

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    1. One common denominator - prior CEO haze

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    2. The board has to approve (sign-off) of all CEO spending over a certain amount.

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  3. Is there any way to get new retirement plaques with JCB or ML's signature vs Haze ---- just asking???

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    1. I would like to know the answer to that myself.

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    2. bet Gym signed more in 2 years than ML and JB did in their whole career! Folks couldn't leave fast enough ...

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  4. Happy Independance Day. (America, not LGFCU)

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  5. $3 Billion wipe out. CLAW BACK.

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  6. the new direction is unfortunately the WRONG direction ...

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  7. Memo to Board & CEO,

    "Rule number one: Never lose money. Rule number two: Never forget rule number one."

    Warren Buffett

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  8. this is what bankers do ... destroy everything in it's wake .... meanwhile they cash in and who's to say anything? ... birds of a feather flock together. They have been waiting for this moment. They knew JB would retire and then ML took the reins .... that's when they seen a golden opportunity to strike. All this didn't just happen overnight. They viewed this 50 billion as their money to party on ... (I'm being nice)

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  9. This Board has done so much damage to our credit union over the past two years, and to the Members and Employees. Best thing they could do is resign. I still feel there were some credit union employees involved in this temporary takeover.

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    Replies
    1. New Boss same as the Old Boss

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