Chuck Stone is a MEMBER NOMINATED CANDIDATE for election to the SECU Board. Why should you vote for Chuck Stone?
Here's why! SECU
needs firmly principled Board members who will represent the best
interests of the membership - not their own self-interests.
Take a look at the letter below from the State Employees Association of North Carolina (SEANC) to the SECU Board of Directors. Mr. Stone is a long-time member of both SECU and SEANC; and was instrumental in organizing a unanimous SEANC Board vote against the highly discriminatory risk-based lending program implemented by "this Board".
Here's what Mr. Stone and SEANC had to say:
February 18, 2023
Chairman Chris Ayers
SECU Board of Directors
119 N. Salisbury Street
Raleigh, North Carolina 27601
Ref: SEANC Resolution Regarding Risk-Based Lending at SECU
Dear Chairman Ayers:
The
State Employees Association of North Carolina (SEANC) represents over
46,000 state employees in North Carolina, most of whom are members of
the State Employees' Credit Union (SECU). SEANC has followed with great
interest the recent discussions over the future direction of SECU. SEANC
is particularly concerned with the introduction of risk-based lending
at the credit union. It seems clear that risk-based lending will
adversely impact the future cost of loans for a majority of state
employees, not just SEANC members - and all members of SECU. SECU
intends to introduce risk-based lending as of
March 1, 2023. SEANC is
committed to protecting and enhancing the rights and benefits of
current, retired and future state employees. With SEANC’s mission
statement and the mission statement of SECU, and given our concern over
your action, the SEANC Board of Governors, at its meeting on February
18, 2023, approved unanimously, the following resolution:
"The
Board of Governors of the State Employees Association of North Carolina
(SEANC) requests that the Board of Directors of the State Employees'
Credit Union (SECU) rescind its approval of the risk-based lending
program at its upcoming board meeting on Tuesday, February 21, 2023. The
SEANC Board also requests that the SECU Board confirm its action with
SEANC’s Executive Director Ardis Watkins, by no later than 5:00 pm on
February 24, 2023. Should the SECU Board refuse to rescind
implementation of the risk-based lending program, SEANC reserves the
right to pursue all avenues available to block implementation of that
program."
STATE EMPLOYEES ASSOCIATION OF NORTH CAROLINA, INC.
[* Without further consultation "this Board" implemented risk-based lending on 3/1/2023 to the detriment of the SECU membership.]
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