Wednesday, October 18, 2023

SECU - Mud Wrestling!

 https://dm0qx8t0i9gc9.cloudfront.net/thumbnails/video/qEue9C6/stop-wasting-time-clock-lost-minutes-hours-3d-animation_hww5ju8i_thumbnail-1080_01.png  SECU has much greater problems which need your attention. Why waste members' time with this? Because when your leader speaks, you should take her seriously.

We're working off Ms. Brady's dismissive response [BNC article link] to a member inquiry concerning Ms. Brady's "I'll-dare-you-and-the-membership-to-sweep-out-the-incumbents-at-the-Annual-Meeting"-type remarks! The member's reaction to Ms. Brady was: "What a farce!", which seemed accurate enough and sufficient. But, since Ms. Brady started it, guess we should go ahead and finish it up.

The first response post dealt with my "refusal" to meet with the SECU Board [link to 10/16 post], the  second with my "refusal" to meet with Ms. Brady [link to 10/17 post]. That appears to leave 3 more issues to address: 1) posting to this blog, 2) new Board election rules at SECU, and 3) Duck, N.C. I did have a fourth topic - "foot-in-mouth disease" - but I'll leave that one to your imagination. So, here goes:

1) Posting to this blog - Yes, I do screen comments on this blog. But, I believe I have posted all comments from a validated, actual person/email . ✅ I have never received a comment to post from "Leigh Brady"! I would encourage Ms. Brady to provide members with the date, time, and copy of the comment she submitted -it's easy enough to verify and confirm. I will be happy to post it! Now, if Ms. Brady was trying to sneak in a comment as an "anonymouse"; well, that's a different story! And, as an "anonymouse" how was I suppose to know it was her? Look forward to hearing from her...
 

2) New Board Election Procedures - Hope there is no dispute that the SECU Board adopted new procedures on 4/11/2023 [link to SECU website]. ✅ And, yes the 500 signature requirement to run was adopted @2014 while I was still at SECU. ✅ But, that was not the problem with the new election procedures. What "this Board" did was a) add a requirement that a member seeking to self-nominate must apply first to the Nominating Committee - or else the member could not run!    ✅ This is simply a violation of the bylaws. And, b) this Board adopted an official self-nominating petition, which they wouldn't release until after the Nominating Committee announced its slate. This suppression left members only 10 days to acquire 500 signatures. In the past, members could start working on getting signatures months in advance and could not be refused the opportunity to run.  That's a little complex to grasp at first, but the changes were both suppressive and illegal. ✅ Would encourage Ms. Brady to publish the election procedures prior to 4-11-2023 on the SECU website along with the current procedures, so members can compare and make their own judgment. That would be fair, wouldn't it?

3) Duck, N.C. - Here are the two "offending" posts on Duck [12/1 post] and [12/2 post]. The "ridicule" was primarily intended to draw focus to SECU's claim under proposed "H410" (CU proposed state legislation) that it wanted to move to open membership only in underserved ("financial deserts") rural areas (Duck is in a remote and rural part of N.C.) The "underserved" gambit was a fiction SECU created to cover it's expansionist plans at the time. The second post poked fun at the growing mistrust for the Board as a group after the artificially staged "Fireside Chats".                                                      

✅ Ms. Brady is correct in stating that I went to Duck once with the Board, probably @ 2015. The SECU Board historically holds 2 weekend planning retreats a year, most often in Pinehurst and Asheville. ✅ I think these are reasonable meetings - including in Duck - given that the SECU Board is uncompensated.                      

Many CUs have difficulty controlling Board travel at member expense. During my time at SECU that was never a problem, with the Board always meeting only in N.C. and rarely traveling out-of-state for any purpose. ✅ The issues now being raised by members (including at the 2023 Annual Meeting) are about out-of-state meetings by the Board - with "Hawaii" being most frequently rumored.                                    

✅ And, the growing suspicion among some members that the Board is pursuing efforts to be compensated, either in fact or in kind. ✅ The "Form 990" required by the IRS to be filed by N.C. credit unions shows that in 2021 one director actually had reportable compensation in the amount of $2,690 - minor yes, but illegal under State law - probably just some sort of oversight. 

✅ One Advisory Board member has sent a written request to Ms. Brady for information on Board travel (including "Hawaii"). Willing to publish her response to the member and the details on all board travel on this blog, under her name.

http://i.ytimg.com/vi/3AfJfwjr6vs/maxresdefault.jpg   

              Guess that's quite enough, don't you! 

 

  Some very good advice: 

"Never wrestle with a pig; you'll both get dirty and the pig will like it."

 

66 comments:

  1. And the beat goes on! Non-disclosure and no transparency seems to be the theme with the Brady Bunch. Just tell the freaking truth, just inform the members (at the very least advisory board members) about exactly what is going on and at what cost. It's not hard - just do the right thing for our member owned financial institution. If you can't or won't do that, there's a BANK calling your name!!! For 85 years we've been solid and in 2 years it's been to hell in a hand basket! We cannot let up - we MUST hold their feet to the fire. It's OUR credit union, not theirs!!!

    ReplyDelete
    Replies
    1. "When you can't make them see the light, make them feel the heat."
      Ronald Reagan

      Delete
    2. https://www.youtube.com/watch?v=uZD8HKVKneI

      Delete
    3. Tell me, can you feel it?

      Delete
    4. "You can make or break
      Can win or lose
      That's a chance you take
      When the heat's on you ...."

      Delete
  2. "This is simply a violation of the bylaws."

    STILL Waiting for the oversite organizations to address this... hope it's soon as I'm holding my breath!

    ReplyDelete
    Replies
    1. More than likely, she’s one of the pigs at the trough waiting to get her cut at the honey pot. Same with Dan Schiline and Naylor. Greasy hungry money addicted parasitic pigs along with the executives and board. When you pass away…what will you be remembered for? Stealing money from millions and hurting families financially….outsourcing local jobs out of the communities…turning a great institution into a bank essentially. You’ll realize one day…life isn’t about how much money you have in your account…but I realize money addiction is just like any other addiction. You can’t help it. I only hope your souls will see the damage you are doing to your own soul. You will see it when it’s too late. Could’ve spent this life helping millions instead you choose to fatten yourself up while hurting millions. Congratulations? You get to prance around in a nicer suit and have a nicer car? Who caresπŸ˜‚πŸ˜‚πŸ˜‚ Spend your life helping people. Why not? What’s the point in screwing others over?

      Delete
    2. Kristina Ray….again…where the f*** are you? Still on vacation? How’s the SECU fun money? Ever get to meet Gym Haze?

      Delete
  3. Hey Poor Leigh fess up. Were you a Gym Haze clone, anonymouse or not? Put up, shut up or get the hell out.

    ReplyDelete
  4. Sorry correct that, just get the hell out. We're all tired of your BS.

    ReplyDelete
  5. Nobody objects to a few perks, but the saying goes,
    'give an inch and they'll take a mile'!
    Most 'Industry Standard' organizations FLEECE their flock and think nothing about it. Who do the peasants think we are anyway!

    ReplyDelete
    Replies
    1. Yep, $2690 might be an ovrsight, but what about $2700 or $5000 or $25,000? When does it become illegal in the Board's eye? Guess they think they make the laws in Nc.

      Delete
    2. well....Who is enforcing the law in North Carolina? Certainly NOT Kristina Ray. She is in duck and hide mode. so is the commission, although at least after Lafayette Jones pushed them they did decide to appoint a committee. who is appointed will tell all. There are certainly major issues that members should keep their eyes on. Poor Leigh is doing her best, with the help? of Joyce Fitspatrick and APCO to create a diversion. Concentrate on the issues before the NC Credit Union Commission. Election procedures in violation of by laws. and Illegal bylaw changes. concentrate on H410. the worst piece of legislation ever for state creditunions. Pushed by the new/new at SECU. They do NOT need open field of membership to serve tier one counties. Tier one counties are already served by several credit unions. NCSECU open field of membership would be the death knell for those NC state chartered credit unions. It is a bank mentality-- the new/new to SECU thanks to this board and Haze/Brady--joined at the hip!

      Delete
    3. ...and Dwayne Naylor still makes it a practice to show up at SECU annual meetings to practice lying. Watch the meeting video. He's a bad joke, getting worse. Mess, with a long track record. Ask Langley.

      Delete
    4. Her boss, who is the current AG running for gov, needs their 'donation' money to run for office ...
      So if she wants to continue to work for them she needs to find other things to do ...

      Delete
  6. so, who was the compensated board member? an "oversight" surely. Don't, wouldn't , they pay it back, since it is not legal if this is pointed out to them? Bad press etc. Best not to speculate. Where does one find this 990? some members would like to know

    ReplyDelete
  7. https://www.guidestar.org/... create an account, it's free. Then enter ncsecu and look for the listing. Once you find the SECU site, then look for 990 info... click on it to look at each year. You'll also find salary info for top execs... some of the Mike Lord figures are about the payout on his 401-k etc...in the past SECU's CEOs earned less than $900,000...lot's of money but one of the lowest in banking for size of SECU.

    ReplyDelete
    Replies
    1. That's a drop in the bucket of what you could have earned had you chosen the wide path ... you chose the narrow path ... congratulations, not easy to do but speaks volumes.
      I don't like to look at others money least it temp me to be jealous or covet their wealth.
      I like to 'try' and be content with what was given to me... not always easy. Last time I checked, you can't take it with you (unless the IRS changed the rules so they can tax you more) and why would I when Gold will be used as asphalt ... :)

      Delete
  8. Looked at guide star. Why am I not surprised it was Alice Garland who was the ONLY compensated Board member. Thankfully, Alice Garland is gone--one of the losers last Tuesday. Wonder if she reimbursed us-- the members. Wonder if Rose Connor noticed and told SECU they were not in compliance with NC law. doubt it. Rose was in SECU's pocket. Without SECU, there would not me a NC CU regulator. That's called regulatory capture. All credit union members in North Carolina are waiting to see if Kristina Ray has been captured by this board, or is she going to be an independent regulator--enforcing laws for over four million North Carolina state chartered credit union MEMBERS. It is early yet, but looks like Rose coached Kristina Ray well to kowtow to this board and Dan Schline, NCCU league CEO.

    ReplyDelete
    Replies
    1. I wish Dan Schline would stick his nose somewhere else. Trying to talk all smart at the annual meeting. Dude, we don’t care what you got to say. Members and employees want their credit union back. We don’t care to help you milk the honey pot. Credit union standards don’t need to be updated to be a pseudo bank. Credit unions are meant to be…a credit union. :D

      Delete
    2. He spoke but said nothing ...

      Delete
    3. Yes and I have spoken to leaders at SEVERAL state chartered Credit Unions and HB-410 does note help them at ALL. Also ask members of the House and Senate and they have told me that ONLY SECU are reaching out to them to encourage passage.

      This bill will be the DEATH of small Credit Unions and Small Banks.

      Delete
  9. All of this "Jim Blaine doesn't play fair. " whine whine sniffle sniffle stuff is a bad look for the first woman CEO at SECU. She is doing her best to divert all of us members and employees away from two crucial things going on right now. The NCCU Commission is getting ready to appoint a committee to investigate the election procedures implemented in April in violation of SECU's bylaws. Also the bylaw changes implemented on June 30 by Rose Connor on her way out. Don't lose focus on H410. this board and Poor Leigh appear to plan on a final massive push to get it through the Senate. It is up to us to thwart them.. None of these things have been in the best interest of the 4+ million North Carolina state chartered credit unions. Watch out!! This board is not looking out for North Carolina credit union members. If Poor Leigh's action over the past week are an indicator looks like about all Perkins, Clement and Stone will be able to do is keep us informed of this board's schemes, and advocate for financial policy that actually helps state employees and their families. Doesn't appear that any of them listened or heeded Annette Meyers advice at the annual meeting. Poor Leigh wants this to be about personalities and Jim Blaine-- terrible miscalculation on her part, APCO, Joyce Fitzpatrick, and this board. It's astounding how deaf all of them are.

    ReplyDelete
    Replies
    1. Why is Leigh referred to as "Poor Leigh"? Makes her sound like the victim.

      Delete
  10. Brady trying to go toe to toe with JCB is like bringing a butter knife to a gun fight.

    She is not equipped to lead SECU - disconnected from members and employees, flip flops and waffles, too much ego and is being run by Loan Administration. Sad story, not for her but for the members and the employees.

    ReplyDelete
  11. SECU slogan for was "Do the Right Thing".
    New slogan is "Do More with Less".
    Next 12 months will be critical. People are burnt out.

    ReplyDelete
    Replies
    1. They HOPE the legacy employees quit so they don't have to announce that dreaded word "Layoffs" ... never before but why not blaze a 'new' trail... they can pair the new/new 'first women CEO' with 'first EVER SECU Layoff'!
      After all if you've been paying attention, it's the current 'Industry Standard'!

      Delete
  12. If layoffs are announced. You know who was right all along. Laying off members from a place they own…doesn’t add up on paper

    ReplyDelete
  13. Just came over to see if Brady had come to do any comment posting. no? nope. Not seeing it, but glad you're enjoying the blog Leigh, since you don't listen to the employees or members and you spend your time at work on your obsession with talking junk about Jim Blaine. Do better.

    ReplyDelete
  14. Looks like Ms. Brady announced we will be hiring out of state even tho she stated she wasn’t. Announced out of state hiring will be done in Virginia, South Carolina, Tennessee and Georgia!! Do you plan to put branches out there? Or just wipe out your NC mad staff and hire them out of those states?

    ReplyDelete
    Replies
    1. “They” know exactly how many members voted. Could tell if wanted to. Imagine some votes were single shots for only one board member. Didn’t help Alice Garland or Jo Ann Sanford—2 low vote getters

      Delete
  15. Looks like they officially plan to hire out of state in Virginia Georgia and South Carolina. Dear god. Open your eyes people. They aren’t here helping local North Carolina communities. They are about to outsource jobs to Georgia, Virginia and SC!

    ReplyDelete
  16. Brady now practicing fuzzy math… new email says only 13k votes were cast for BOD… how did she come up with that??? All 6 candidates received over 5000 votes each! Is she using tier based voting and only counting votes for incumbents?? Still wrong… waiting for correction email but not holding my breath.

    ReplyDelete
    Replies
    1. Each member could vote for 3 spots and most probably did

      Delete
    2. I think they mean 13k ballots, each which has multiple candidates. If each ballot had 3 candidate votes on it, 13000x3 = 39000. 39000/6 candidates = 6,500 votes per candidate, had every candidate received an equal number of votes.

      Delete
    3. Each member could vote for 3 candidates. Based on the actual number of votes (38,476) and divided by 3 per member this would equate to just under 13k. Would mean at least 12,825.33, if we’re being technical, and if all voted for the 3 they were allotted. The math is right this time. Although, I would note in the initial response to reporters after the meeting Ms. Brady said around 7k members voted. Note, the assembly article for example: https://www.theassemblync.com/business/secu-credit-union-vote/
      At the very bottom it says: “Correction: This story has been updated to reflect the correct number of people who cast ballots”

      Delete
    4. Probably meant 13000 individuals voted. You were allowed to cast 3 votes.

      Delete
    5. ok, what's the point she is trying to get across?

      Delete
    6. I didn’t read the memo, but I imagine her point is that compared to 2.7 million members, 13,000 is not a lot. What she fails to consider is that of the members who care enough to participate, however small that number is), more than half opposed the new/new. The reality is that although I’m sure many more members care about what’s happening, not all of them will get involved. But it says something that with all that advertising of the election, they couldn’t entire more people to blindly vote for the incumbents.

      Delete
    7. And is it safe to assume that comes anywhere close to the largest number of votes cast, ever? If so, sounds like a point to celebrate rather than bemoan.

      Or were there historical elections with significant absentee voting?

      Delete
    8. It also shows that most members aren’t even AWARE of what’s is going on!

      And I’d love to know how many votes are normally cast that elected this rogue board?! Let’s get some stats on the tallies for the last 5 board elections! Because then her logic will make NO SENSE

      Delete
    9. Probably wouldn’t be able to scrounge that up since the last balloted election was in 2013…

      Delete
    10. well when you don't care to get involved, others will be happy to control your lives and money!
      Just look around at all the insanity!
      You think this is a mistake or by design?

      Delete
  17. When you need them to answer questions they clam up, when they feel they need them to talk they go yada yada yada...go figure!

    ReplyDelete
  18. “’These people honor me with their lips, but their hearts are far from me."

    Ever get that feeling?

    ReplyDelete
  19. How does hiring people from Virginia, Georgia, South Carolina, and Tennessee help keep jobs in local North Carolina Communities?

    ReplyDelete
    Replies
    1. As I was reading that email with hope…She crushed with the ending hiring will be expanded to Georgia, South Carolina, Virginia, and Tennessee. They have credit unions in those local communities for those people of those states to work!!! We need to keep jobs here in North Carolina and not give them out to others in those states! We need to build up OUR COMMUNITIES! Not another states communities! They have their own credit unions!

      Delete
    2. Helps with expansion plans out of state. Helps move our money out of North Carolina. Remember Dan Schline’s informative speech. They don’t need to pass H410. They can already open branches out of state. Looks like full speed ahead oughta be some way to stop this train wreck.

      Delete
    3. Sounds like this is the regions they want to establish presence in with jobs so that way it could be a little more seamless to go regional with already having employees in those metropolitan areas like Atlanta, Nashville etc….

      Delete
    4. good way to get less loyal employees ...

      Delete
    5. They realize they will get smashed next election. They are going to try to throw the kitchen sink at the membership AND the employees these next 12 months.

      Delete
    6. Can confirm from the email I received like everyone else, and firsthand with a coworker going through this, that hiring is not per se being expanded to these states but instead reeled in to just these. Jim’s administration went hog wild hiring out of state, hence the 19 states mentioned. Folks from Maryland, Jersey, etc. This is a new restriction to keep it to just NC and bordering states—especially for those who work in branches near state lines (Shallotte, Charlotte, Franklin…).

      Delete
    7. Agreeing with 7:01’s take on the out of state hiring.

      Delete
  20. I can confirm I’ve seen expense reports for board travel to Hawaii. When Workday was rolled out you could search for any expense reports submitted through out the whole company. That was changed soon after the Legal department had a huge Christmas party at Top Golf while others weren’t able to do anything like that for their group and the Hawaii trips were paid for

    ReplyDelete
  21. WHY is the Brady Bunch looking to hire out of state??? This is insane! Somebody better stop this train - it's already wrecked and is now beginning to go totally off the rails!!!!! Are you listening Brady???? Go ahead and reply with your name attached, . . .waiting

    ReplyDelete
    Replies
    1. All aboard! Ha ha ha ha ha ha haaaa!

      https://www.youtube.com/watch?v=tMDFv5m18Pw

      Delete
    2. Don't want to diss Ozzy Osbourne, but here's how we do it in Granville County, North Carolina, US of A....check 'em out "The Barefoot Movement"(...yep I bet they're members too!) https://video.search.yahoo.com/yhs/search?fr=yhs-trp-001&ei=UTF-8&hsimp=yhs-001&hspart=trp&p=barefoot+movement+crazy+train&type=Y167_F163_202037_011423#id=1&vid=0a85056df391d00b3897250d0ba90c50&action=view

      Delete
    3. Sweet! Thanks!.... I guess either way we're still going off the rails!!!

      Delete
  22. Find anyone ever confirm the $6million payout for Haze?

    ReplyDelete
  23. I feel like every email we get is rebuke to this blog!! Today disappointed in the low number of member votes but yes the people’s democracy won! Leigh! Do better! Your PR team is shit!!

    ReplyDelete
    Replies
    1. How many members normally vote? I bet voting increased by 90%

      Delete
    2. Maybe little over a thousand use to vote. This was the most participated election we’ve had. It was anticipated well because of the corrupt board and the thousands of members want them out. APCO has no other way to spin it. I swear a 5 year old could do APCOs job better than they can

      Delete
    3. What? Instead of 11 board members picking our board members and holding an affirmation vote at the annual meeting, 13,000 member selected the board members! That sounds like progress to me.

      Delete