Will let you read and judge the following email information for yourself. Would say that although I do not know the true identity of the sender of the information, I can verify for you that the source articles and publications are entirely legitimate (you may not be able to read entire article without a subscription. Will try to get full copies and post.).
Would also note that the financial debacle caused by the failure of Wescorp in 2009/2010 (a $6 billion insolvency!) is well known to "legacy" employees at SECU - and to every CU in the U.S. - who had to deal with the economic fallout. In fact, former SECU CEO Mike Lord was the chief financial officer at SECU when the Wescorp collapse occurred.
As I understand it, Mr. Lord was not, shall we say, amused, when current Chairman Chris "Mr. NFPP*" Ayers - with this "strategic move" - led a divided Board to the precipice, and then "bungy jumped" SECU, its staff, and its membership into the abyss...
Better pour yourself a strong one before proceeding... you may not need to hold your breath, but you'll certainly want to hold your nose!
✔ Incoming Email 5/14/2023
Lemme know what you think! Is this a big nothingburger?