Wednesday, October 2, 2024

What Has Been The Greatest Loss At SECU Over The Last Three Years?

Laborde Opener 
 Elissa McCarter Laborde, CEO World Coucil of Credit Unions
 

BOSTON—  The World Council of Credit Unions goal is to improve the lives of millions of members around the world through a global network of more than 82,000 credit unions, that reach more than 400 million members. [link to article] 

Elissa McCarter Laborde, the president and CEO of the World Council of Credit Unions (WOCCU), touched on many themes in her opening remarks to the World Credit Union Conference. Most importantly, she said she wanted to emphasize one final point before closing. Ms. Laborde  offered a reminder over how something that credit unions have earned over decades can disappear in a moment.

Her Final Point:
 
 “We are all custodians of this movement, entrusted with its growth and care. That 
means guarding against mission drift. As financial cooperatives we must hold 
ourselves to a higher standard. We hold the trust of our members and their hard
earned money. We know trust is earned over decades and can be broken in an
instant.    Trust is what sets us apart.”

  But can... "disappear in a moment."

 At SECU... "We must hold ourselves to a higher standard."

16 comments:

  1. Mandatory reading by all member/owners (only if you care about SECU)

    https://chipfilson.com/2024/09/lookback-the-rest-of-the-story-of-post-office-cus-merger-with-penfed/

    THIS RIGHT HERE ... it DID happen to these folks!

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  2. This board has dumbed secu down immensely. brazen mismanagement, unaccountable to us as members.

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    1. industry standard isn't a higher standard for us. At least it wasn't until last 3 years

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    2. To quote a great credit union manager, "You want to manage to Peer Averages, WHY, You want to be average?!!"

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  3. When do we learn the results. Do we have to wait till the annual meeting?

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    1. I do worry about their massive campaign for votes.from what I read or saw from last year's meeting. The votes for the CANDIdates were between 5 and 7000 votes.if they manage to hood wink just 1% of the membership to actually invoke for their own incumbent,.
      It's like twenty four thousand votes.

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    2. regardless, we know how to make sure there will be contested election every year from now on.... got to do it at least one more year anyway to unelect the weasel.

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    3. I don't know if I can make it another year working here if the incumbents win and their lackeys Benesh, Rammesh, Bomba, and Varron are still destroying everything and promoting their buddies.

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    4. There is definitely more than one weasel

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    5. Make it October madness: "The Final Four"!

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    6. @12:13 I'm with you. The board and leadership are saying the that expenses are high because of added employee benefits (parental/caregiver leave, more health plan options etc) are the same board/leadership that have set up a hurricane relief fund so fellow employees can donate to the employees in western NC. If they care so much about the employees and spending more for employee benefit why have they not made and executive decision to contribute SECU money to help SECU EMPLOYEES?! It is so hypocritical.

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    7. @7:38 Because they just spent >$7.2M on postal expenses and who knows how much more by hiring professional videographers for their own self aggrandizing promotional videos. Disgusting.

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  4. Anyone receive confirmation email to attend annual meeting? Signed up 7 days ago and still no confirmation

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    Replies
    1. A member can register at the Koury Center the day of the meeting and attend

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  5. We have lost valuable employees, lost LOTS of our money, bankers have been brought in for a conversion WE do not want! How much of our money was spent on ads to promote "their" 4 and not offer the entire slate of 8??? Praying for 4 more next week and Brady out the door!

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