Tuesday, August 29, 2023

Elect The MEMBER NOMINATED Candidates! - Perkins, Clements, Stone. #1


For the last 85 years, SECU has made loans to all members at the same rate! This year, the SECU Board started "risk-based lending" (RBL) - also called discriminatory "race-based lending"! RBL uses credit scores to overcharge many excellent SECU borrowers. https://secuvote.ey.com/The fair rate goes to "A" borrowers, with higher loan rates charged to members in the B,C,D,E brackets - almost double the fair rate in many cases!

According to national statistics, using RBL means that on average, over half of SECU members will be paying a higher loan rate (not the "A" rate) simply because you are young, black, or female! That's not fair! https://secuvote.ey.com/
* By age:
Average credit score for folks in 20's: 660 ("C" paper) https://secuvote.ey.com/
*By race:
Average score black folks : 677  ("B/C" paper) https://secuvote.ey.com/
*By gender:
Average score female: 708 ("B" paper) https://secuvote.ey.com/

SECU Members have independently nominated 3 long time members - Barbara Perkins (Raleigh), Michael Clements (Winston-Salem), and Chuck Stone (Goldsboro) to oppose this type of unfair discrimination by existing board members. It's time for a change for the better at SECU!

 Vote Perkins, Clements, Stone! - Nominated by the Members! https://secuvote.ey.com/