| ✅ July 26, 2023 (9:50 AM) |
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Dear Rex Spivey, CFO SECU ,
Good
morning. Would you please send me complete SECU financial statements
for year-end Dec. 31, 2022 and the month-end financial statements for
Jan/Feb/Mar/Apr/May/June 2023.
You are required
by North Carolina law to provide monthly financial statements to the
SECU members. You may verify this requirement with the Administrator of the North Carolina Credit Union Division.
✔ 04 NCAC 06C .0306 DISPLAY OF FINANCIAL STATEMENTS Each credit union shall display at its main office and all branches, copies of its monthly financial statement. The statement shall be posted in a manner that is accessible for inspection by members.
As
a CPA you are familiar with the AICPA industry standard definition of
financial statements, so generally accepted accounting practices should
apply. These are the same financial statements which you and SECU have
been providing to the SECU membership for decades in accordance with
State law - until this year.
Given that prior requests, over several months, have not been honored in accordance with State law, I must ask that you email these statements to me prior to the end of the day - July 26, 2023. Or if easier, please provide confirmation you have sent them by overnight delivery to my home address of record with SECU.
You
indicated in prior correspondence that requests for financial
statements should be sent centrally to you, so here you go! Look
forward to your prompt response
Thank you,
Jim Blaine
✅ 7/26/2023 (4:33PM)
Dear Mr. Blaine,
I have attached the financial statements that you requested.Sincerely,
Rex Spivey
✅ 7/26/2023 (5:13 PM)
Dear Rex Spivey,
Thank you for the
requested financial statements. Assume that members may once again
obtain these statements through their local branch. Is that correct?
Sincerely,
Jim Blaine
... you would think with 3 lawyers on "this Board"... oh, never mind.
