... Mythical figures?
"Myth" is often defined as any SECU Loan Administration belief that has no basis in fact - or any false story
1) 😄 SECU is not lending to "A-paper " borrowers:
.... ! @ $9 billion in outstanding loans to A-score members.
2) 😄 With RBL our loan losses and delinquency will be much lower:
● SECU 60+ day delinquency on March, 2023 Call Report was ⬆$470 million.
3) 😄 With RBL , we'll have the best rates for "A-paper" folks:
● as of May 25, 2024:
● SECU's current "best", A-paper, 60 month new car rate is 6.00%.
● 
Fixed rates 60 months - New car (dealer) rate ⬆ 5.94%. (extra .5% discount available)
4) 😄 RBL will greatly increase our "dismal" total loan to assets ratio:
SECU (dead heat!) 3/23 6/23 9/23 12/23 3/24
5) 😄 RBL doesn't discriminate against SECU members:
● Average score black folks : 677 (SECU "B" paper) ⬆ will be smacked by SECU with higher rates!
● Average credit score for folks in 20's: 660 (SECU "B" paper) ⬆ smacked!
... but that's all 😄 Greek to me!
