Monday, October 9, 2023

What Was All That About...

 

 October 9, 2023

Dear Ms. Ray:

We listened with great interest to the discussion held at today's Commission meeting. Hope the subcommittee review of bylaw standards and the State Statutes will be a productive process. Look forward to learning more about how the process will be implemented and managed.

As we understood the purpose of the Commission meeting today, it was to address the two simple questions we reposed to you in our October 7, 2023 letter (excerpt):

"We would like to clarify the two questions which we hope will be answered at this Special Commission Meeting. A precise response should be un-difficult for the N.C. Attorney General's Office, as your counsel.

Q: 1)  Is the N.C. Credit Union Division required by North Carolina law to monitor and enforce compliance by state-chartered credit unions with their bylaws? (We believe the answer is obviously "yes". Why would the NCCUD be required by North Carolina law to approve all bylaw amendments, if the NCCUD was not expected to enforce compliance with those bylaws?)
Q: 2)  May a N.C. state-chartered credit union adopt rules, policies and procedures which effectively amend its bylaws without approval by the NCCUD? (Again, we believe the answer is obviously "no''. North Carolina law requires that the Credit Union Division approve all bylaw amendments by a credit union)."

We first posed these questions in our 7-25-2023 meeting which was over 60 days ago. As the Administrator, you can answer these questions without any extended legal balderdash or imposing on the Commission further. We would again request a simple, declarative statement from you on these two regulatory questions.

Could we be assured of hearing from you in the next 10 days? Thank you.

Sincerely,
Jean and Jim Blaine

... should have submitted a bylaw amendment to get an "overnight" response!

 

70 comments:

  1. They know what the answer is, they just refuse to say it 'out loud' ... might get em in trouble ...
    "Do not be deceived: “Bad company corrupts good morals.”"

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  2. ‘"They are fat, they are sleek,
    They also excel in deeds of wickedness;
    They do not plead the cause,
    The cause of the orphan, that they may prosper;
    And they do not defend the rights of the poor."

    may they have a change of heart before it's too late...
    ... only one can change hearts, and it ain't the committee!

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  3. She’s probably on vacation for the next 10 days. And busy doing nothing to help credit unions exist for the rest of her tenure. Great job, Ms Ray. You don’t even stand up for the institutions you’re supposed to represent.

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  4. "You don't tug on Superman's cape
    You don't spit into the wind
    You don't pull the mask off that old lone ranger
    And you don't mess around with Jim"
    Jim Croce

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  5. "In everything be thankful"

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    Replies
    1. We give the glory to the ultimate Shepard for guarding the gates! We thank those who did the good works that they were commissioned to do!
      The works He has prepared for us! It is the only thing that weighs anything on the scales!

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  6. Holy moly, Mr Blaine. You led the charge, and we have 3 new board members. Well done sir. Maybe SECU begins moving back to doing what's best for the members, not what's best for just some members. No more growth just for the sake of growth. To all who voted for our 3 new board members, thank you. The vote was close enough to say every vote mattered.

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    Replies
    1. Only reason it was even close was because of all of the board's shenanigans. They did everything they could, totally stacked the deck in their favor, and still lost.

      And now the other incumbents are on notice that they aren't untouchable after all.

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    2. How much of the members’ money was wasted in advertising and administering that election?

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  7. Whoop! Whoop! Party time! Drinks on Blaine!

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  8. TIME TO RESIGN, Mr. Chris! I know that hurt you so badly announcing those results๐Ÿคฃ๐Ÿคฃ๐Ÿ˜ญ๐Ÿ˜ญ LOVE IT!

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    Replies
    1. His face was killing me. I'm an employee that didn't get to watch until after work. His cheeks were red - bet he was seeing it, too! There's strength in numbers and I am so proud!

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  9. PARTY AT SECU BABY! WE BACK IN BUSINESS..we’ll almost. Got a few more fish to fry ๐Ÿ˜

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  10. I might get to retire now! Whoop! Whoop!

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  11. Today is a great day for the employees and members of SECU. We will KEEP ownership of our credit union and not hand it over to a select few. NICE TRY!!!!!!
    Bet ole Purple haze is gonna need some purple haze tonight to calm his nerves!

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  12. Thank you Jim and Jean Blaine, Mike Lord and all the other contributors and our members for standing up for what is right! Can’t thank you enough!!

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    Replies
    1. Yes! Thank you for taking a stand and being the voice of so many!

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  13. As a retired SECU employee, It was an honor to attend the annual meeting. It was a privilege to see our members engaged in expressing their heartfelt concerns regarding the current direction of their credit union. Their passion for " doing the right thing" is truly awe inspiring. The icing on the cake was knowing that all the hard work Jim and other true credit union proponents put in paid off when the final votes announced that the member backed nominees had been elected to the board.. Great victory! Now we can start working on replacing the others.

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  14. Thank you Mr. Blaine. NO ONE could have pulled this off but you.

    On our way to taking back our Credit Union.

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  15. https://www.youtube.com/watch?v=lrKyPSgee_0

    Chubby is dancing...!!!

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  16. Thanks to all those who made public comments at the meeting today. They tried to stifle engagement and were rewarded with exit tickets.

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  17. Celebrate today but don't think it's over. We are still the minority, 8-3. First order is to do it again next year and remove 3 more to become the majority 6-5. Then, over the next two years, the remaining 5 must be removed for their incompetence and refusal to acknowledge the numerous errors, starting with the selfie queen...
    https://www.secujustasking.com/2023/06/the-candidate-search-knowing-where_77.html
    ...ruining credit unions since 1996.

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  18. THANK YOU to the Blaine’s who have worked so hard for the benefit of us all! Thank YOU to all who voted and campaigned for our NEW board members! Every vote did absolutely count!! THANK YOU to all who spoke today and said what we all are thinking but can’t feel safe expressing! Mrs.Blaine was my favorite..such a strong and passionate lady! See ya next year Chris!!

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  19. Woohooooo Baby!!!!! This is just the beginning, there is more work to be done and more folks that need to go! Congrats to everyone, especially Jim Blaine for heading the charge on our behalf!!! Exciting times!!! Every vote mattered and will matter from this day forward. We are member owned, not CEO and Board member owned!

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  20. All word of mouth! No buying votes, no buying fake awards, no advertising and we still whooped yalls a**! Leave our Credit Union so we don’t have to whoop that a** next year! Because we will!

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  21. Accountability is a great thing. Seeing the results of those in a position of authority being held accountable is an even greater thing. SECU Members, Retirees and Employees have lost a great deal over the past two years at the hands of This Board. Today's election results held three of those individuals accountable. As Member Owners, it is imperative for the sake of our cooperative's future, WE must remain engaged in choosing our leaders. Sending a very special thanks to those who worked so tirelessly on this effort of reclaiming our credit union.

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  22. Thank you Mr and Mrs Blaine for all your hard work and dedication to our SECU!! We did it!!! Kudos to everyone who helped in this effort to bring to light what this (former) board was doing in the dark. We must continue to pay attention and stay focused. People helping people. Members FIRST! ❤️

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  23. We, myself along with those 7000 plus Members who voted against the incumbents are also awaiting Ms. Ray"s reply to the email drafted by Mr. & Mrs. Blaine on behalf of many SECU Member Owners. Three of the Board of Directors who brought these Bylaw changes before your Division on the last days of June have now been removed by the Members' votes. Looking forward to Ms. Ray's response.

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    Replies
    1. They think they're off the hook now ... au contraire!

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  24. Huge win today, hearing Ayers read those results, and the abundance of cheering from the audience, sweet, sweet victory

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    Replies
    1. He Never even recognized the new board members and welcomed them. And he's a professional? sore loser comes to mind!

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  25. Today felt like winning a war. We can not thank Mr Blaine and everyone else that has helped along the way. I would have liked to be a fly on the wall to have heard the current boards comments after the upset vote. A win win situation for the membership and employees.

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    1. The battle was won the war remains ... you can bet they will sit down with the organization(s) and folks they paid millions to see how this happened and can NEVER happen again! This win will ripple through out the nation ... was ya watching Gym or do we need to send you a clip of the reading at the end?

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  26. Well done, and thank you. I hope that board got the message loud and clear. Doing the right thing matters.

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    1. We have been screaming that for 2 + years and they just ignored the pleas ... they haven't given up that easy. People like this will double down because 'They' know what's best for each and every member/owner!

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  27. What I liked best about this meeting aside from the results of course was I am once again reminded of the phrase a "credit union movement. " Thank you to all those who rose to speak with pride and passion for a return to the SECU we know and love. Today, we witnessed a movement in the right direction. Hopeful for SECU's future.

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  28. Icing on the cake would be the news of Chris Ayers' resignation, he failed in his role as Chairman of the Board.

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    Replies
    1. and the retirement of the CEO who is hooked to the hip of selfie Gym ...
      She was OK with everything that he and the board thought was good for the member/owners.

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  29. Dear other 8 BOD members: Get with the program! Or get out! Josh Bomba, Emma Hayes, Jared Bensh, Carl Seabrook…..start packing your bags! You aren’t welcome here either unless you get with the credit union program! We are here to HELP people! BUILD OUR STAFF INTERNALLY FROM THE GROUND UP! We don’t outsource! We don’t screw people over! We don’t lie! We HELP dammit! If you aren’t down with that! You can suck it and leave! This is a member OWNED cooperative! I hate cussing, but I’ve never in my life cussed as more as I have since seeing sleazy haze drop that first email 2 years ago! STOP THE NCR DEAL! DECENTRALIZE THE CREDIT UNION! RETURN TO THE JACK OF ALL TRADES! PUT LOCAL CONTACT CENTERS BACK IN THE BRANCHES! GET RID OF RISK BASED LENDING! NO BUSINESS BANKING! THE MINUTE YOU LET BUSINESSES COME IN…it’s no longer a mber owned cooperative. IF YOU DONT FIT WITHIN THOSE GUIDELINES! THEN THIS ISNT THE PLACE FOR YOU TO WORK OR BECOME A VOLUNTEER BOARD MEMBER! GO WORK SOMEWHERE ELSE! THIS IS A PLACE FOR HELPING PEOPLE WITH MODEST MEANS IN NORTH CAROLINA. WE ARENT HERE TO HELP YOU GET RICH AND TAKE TRIPS TO HAWAII SHOOT MONEY GUNS AND THROW PIZZA PARTIES WHILE WE STRUGGLE TO PAY BILLS! DO US A FAVOR AND RESIGN LIKE DOOFUS DID THIS SUMMER! LEAVE US ALONE OR WE WILL WHOOP YOUR A** NEXT YEAR!!! COUNT ON IT, AYERS! GO JACK UP PEOPLES POWER BILLS AND LEAVE US ALONE!!!! WE ARE PISSED! #TEAMSECU #FUTUREISBRIGHT

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    Replies
    1. Well said. These folks need to follow Mama Mia. She couldn't make us love her and was unhappy. So took her own advice and resigned. Good riddance to her and all these folks.

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    2. Don’t forget marketing department and the millions we have paid them and their vendors

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    3. And the money paid for compensation study which went nowhere. All that money spent with low level employees receiving nothing. And a million other wasteful ways money was thrown around.

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    4. I wonder how APCO will try to manage this crisis? Goodluck…

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  30. “Some’ll win, some will lose, Some are born to sing the blues” Thank you Journey, can’t stop dancing! You too Earth , Wind & Fire with “ September “ Dang, I still think I can shake a leg!!

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  31. This is a start that may help the front “look” of SECU. The “back” is still under attack. Employees are in a hostile environment! Demotions, forced retirements, lies and no merit raises! SECU has a long way to go. New management has a goal of making SECU an FCB, Truist, BoA or at least a Wells. Let’s see what the new direction will be over the next 12 months. We need to be a Member supporting SECU again, not a cookie cutter FI. …..signed current employee under “fire”!!!

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    Replies
    1. EMPLOYEES we now have 3 new board members that I believe have the members and Employees best interest at heart! We should start by letting them know how long term employees are being treated! Email them and give them details!

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    2. Your CEO has her fingerprints all over the treatment of employees .... she needs to retire...
      but we're going to need a 6-5 majority to "accept" her retirement or resignation her choice!

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    3. No merit raises. After all the money spent on doing the study, at the most the employees got were new titles that mean nothing. Employees prefer the new titles more than the pay adjustment is the hogwash we were given. And some teams are going back to the board again for the titles too. How much money was wasted on that? Titles is what employees want more than pay - is that why the headhunters are constantly visiting us providing free breakfast handouts? We know they are not here for Brady, pompous bombastica, Jared, Seabrook, Lee Chalk, etc. What has this financial institution become and where is it headed?

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    4. Ah, Lee Chalk, the - why not #1 guy.... Buddy, We need to make billions to be #1, not lose billions. Maybe no one told him that. Poor guy.

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    5. Ha! When you are the pompous guy's sidekick you don't need to know all the logistics.

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  32. Corporate Harry Potter on the podium was sweating bullets! Body language was terrible. He looked guilty! Should’ve stayed at Hogwarts instead of trying to play Banker at a credit union. Can’t use your wand here and get out of this jam! We are on your a** like a hawk! RESIGN!!!!!!

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    Replies
    1. LOL he kinda does favor an older Harry Potter with a suit and tie

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  33. “Thank you for your comments” ๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚ don’t know how many times I heard that in the last hour.

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    Replies
    1. Bet his teeth are sore from gritting them. ๐Ÿ˜Š

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    2. Lol. Bet his dentist had an extra patient to see today ๐Ÿ˜‰

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  34. “Thank you for your comments” The dork at podium was left speechless by the endless testimonies. Only words he could mutter out. Only 2 oppositional testimonies and one of them came from a guy from the Carolina credit union league๐Ÿ˜‚ you know he sold out and is getting a cut to say that. And the other goofus was yelling at the crowd calling us crazy ๐Ÿ˜socialists๐Ÿ˜ and to go to China…. sir we’ve been doing this for 85+ years and it’s worked and nobody has complained until the past 2 1/2 years. Sounds like people love what the credit union has done! Maybe you should take a ride to China! We love to provide our members with EQUAL interest rates and we love to treat members EQUAL regardless of race or credit score. Beautiful testimonies by all! Especially Jean Blaine. You know what they say…behind a great man is even a greater woman. And that is the case here…no offense mr.Blaine. Your wife rocked it! We will not be shut out! We are SECU!

    If we are in the dark ages…why do so many members want to go back to them? Why did we win the election results? Why have they struggled to take control the past 2 1/2 years……hmmm…..sit down next time my guy. You obviously don’t know the membership.#WorkersUnite๐Ÿ˜‰

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    Replies
    1. They suppress the peoples voices in China, think about that for a minute ... Now what's the authoritarian type of behavior?
      Do you really think this board wanted to hold this meeting? This may be the last year they do... if they can get away with it ... we know for sure, none of the organizations that oversee them will show any opposition to them doing whatever it is they want (just give em a cut)! You see this is 'Industry Standard' behavior ... you are seeing it up close!

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    2. The “Other Guy” is also on the board of Gym’s former CU. Big fan boy…

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    3. Ain’t it odd he used China for a reference considering all the conspiracy theories about China using a SOCIAL CREDIT SCORE SYSTEM. A social credit score system is essentially almost the same as RISK BASED LENDING expect you are judging people on their political beliefs, social status etc…No equality for either. I think he would like China then ๐Ÿ˜‚๐Ÿ–• we provide equal rates for everyone over here at SECU until earlier this year. Dude has no idea what he was talking about ๐Ÿ˜‚

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    4. "... conspiracy theories about China using a SOCIAL CREDIT SCORE SYSTEM."

      except it isn't a conspiracy... my nephew lived there for years ... you can go missing in a heart beat!

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    5. Hey 10:55, Is the “other guy” , the one warning us about socialism, really a board member on Gym’ s former CU? His name? Could you confirm?

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    6. https://www.linkedin.com/in/dailturner

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    7. Dail Turner ("from Wilson with a T!")

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  35. The new 3 need to read all of the board's record from the past few years. If they aren't already under seal.

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    1. That should be public ...

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    2. God knows what’s been discussed at the board room the past couple of years. What’s up with Hawaii deal? Wasn’t aware of that until yesterday. Why can’t the employees get rewarded a vacation like that since…you know we actually do the work here….and they just send emails and attempt to order people around…while we do the labor that keeps the company going…makes no sense…get you a little toe rub out in Hawaii, Chris? Using our members money for fancy massages and god knows what else.

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  36. It’s nice when employees/membership controls the means of production instead of a select few….isn’t it Mr.Ayer’s;) volunteer your way OUT!

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