Saturday, December 16, 2023

The North Carolina Credit Union Division: North Carolina State Government At Its Best?



✅ From: Ray, Kristina W

December 15, 2023 - 5:30 pm

Mr. and Mrs. Blaine,

Please refer to the response dated October 19, 2023. 


Kristina Ray

Administrator of Credit Unions

 205 West Millbrook Road, Suite 105

 Raleigh, NC 27609


✅ Here was the letter sent to Ms. Ray on December 5, 2023: 

Dear Ms. Ray,

Happy Holidays! Took your advice and asked legal counsel for a review of our correspondence, over the last 6 months. As with most extended families, it's not too difficult to find a lawyer somewhere up the family tree willing to share an opinion - when, of course, paid an appropriate retainer. In this case, the hourly rate was two martinis, comfortable chair, roaring fireplace on a cold and rainy afternoon. 

Legal counsel said it was entirely appropriate for a consumer to ask a State regulator about her authority under N.C. State law. He pointed out the "Consumer Questions" section on the NCCUD website [here's the link] as a clear indicator of your responsibility and past willingness to respond to N.C. consumers; let alone the whole website heading: "Consumers" [here's the link], which includes "Consumer Information, Consumer Resources, Consumer Questions, File a Complaint". He also noted that on the website you were officially designated by NCCUD as the "go to person" [see link, at bottom] on any review of credit union rules and regulations. Lastly, he said it was unclear why you would refuse further clarification of the prior request, since responding to a consumer was clearly not an issue - as Administrator you have already crossed that bridge with our prior correspondence. 
The following alternatives were proposed:
  1. Politely re-request that the prior response to the two questions be clarified and state that a legal opinion is not being requested.
  2. Appeal the latest response to the Credit Union Commission.
  3. Ask a state-chartered credit union, as a courtesy, to file the 2 questions with the Administrator.
  4. Ask your N.C. State Representative (or any Representative) to file a request for answers to the 2 questions with the Administrator. Responses are generally mandatory.
  5. Ask your State Senator (or any Senator) to file a request for answers to the 2 questions with the Administrator. Responses are generally mandatory.
  6. Ask members from all across the State to also request that their Representative/Senator write the Administrator requesting an answer to the 2 questions. The more the merrier.
  7. Request through the Legislature that the Administrator be required to appear before any future hearing on H. 410  to answer these 2 questions and any others surrounding the role of NCCUD in the approval and monitoring of bylaw amendments.
  8. Encourage consumers/credit union members to attend the next Credit Union Commission Meeting (Spring 2024 Meeting coming up) to publicly comment on these 2 questions and other issues concerning the supervision of credit unions by the Administrator. Again, the more the merrier.
  9. File a formal complaint.
  10. All of the above.

 Thought all that was a fairly good two-martini investment. And, we can do any or all the above if you feel that is the way this must proceed.

Our strong preference however is #1. So our formal request is: Would you please clarify your prior (October 19, 2023) response to the 2 questions below. We are not requesting a legal opinion and understand you can not provide legal advice.

✔  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?

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
Thank you. We look forward to your prompt response .
Jean and Jim Blaine
December 5, 2023 
  Oh me, oh my... "Sincerely" amazing!







  1. Is she eligible for impeachment?

    Asking for a friend.

    1. it's always the ones you DON'T vote for that carry their water ....

  2. She is a proper coward. That, or bought and paid for by some cruel people who have no interest in the well being of the citizens of North Carolina.

  3. Public servant can be described as an individual who works for the state and whose main duty is associated with the welfare of public and society. The duties include providing service to the public in the form of protection, administration or maintenance. The public servant is expected to keep welfare of public and society above his/her own.

  4. Ms. Ray obviously believes that Jean and Jim Blaine are just ordinary citizens and credit union members that she can ignore. Their questions are unimportant and not relevant to anything she does(or doesn't do!) She's giving them, the ordinary citizens and credit union members the same treatment that Jim Hayes, This Board, and Leigh Brady have dished out. disrespect, disregard, maybe they will just go away

  5. This type of attitude is why Trump wil be our next Prez. Kristina and her party don't get how tired people are of her "sincerety".

    1. No politics please, serves no purpose but to divide people who have a common cause in seeing the credit union saved.

    2. Thought deep state was only at the federal government

    3. Sorry but it is this type of bureaucrat who will turn nc from purple to bright red in '24. I'm not alone in being tired of this crap.

    4. You spelled sincerity wrong.

    5. Let’s please don’t muddy up the waters with that kind of politics inserted into a wholly different situation.

    6. it doesn't matter who it is, they ain't running things ...

  6. What DOES she do all day?

    1. whatever 'they' tell her to do ...

  7. VIENNA (Reuters) - ...
    (Swiss banking giant UBS)
    "UBS has said it will slash 3,000 jobs in Switzerland to cut costs following its takeover of Credit Suisse - the biggest bank merger since the global financial crisis, orchestrated by the Swiss state to avert Credit Suisse's collapse."

    Credit Suisse is no small bank btw ...

  8. So. . . She just isn't going to answer the questions??!!