😎 N.C. House of Representatives: Yep, looks like the same call we made in the 2023 Session - that one fouled out!
✅ Here's where you can find a detailed summary of the House bill (H187), as prepared by the distinguished, independent, and highly credible University of North Carolina School of Government [link].
Less credible sources continue to imply that H187 is only about credit unions desperately trying to serve North Carolinians stranded in financial deserts [link] without access to financial services. If you live in North Carolina and don't have access to a credit card, ATM, mobile app, direct/remote deposit, a bank/savings bank/credit union, or at least a landline! - Please raise your hand!
"The Incredibles" continue to try and "put one over" on our Legislature and North Carolina credit union members. Why not simply tell our representatives the truth, the whole truth and nothing but the truth?
As the School of Government summary clearly shows, H187 is an extensive rewrite of credit union powers in North Carolina. H187 permits a) open membership, b) permits membership by all commercial and corporate entities without limitation, c) authorizes unlimited commercial lending anywhere in the Country, d) introduces the opportunity for speculative investment with member funds, e) and "much more"! H187 also potentially suppresses both member-ownership and voting rights in "our" North Carolina cooperatives. Check out the summary for yourself.
😎 Why has the truth become such a difficult hurdle for "The Incredibles" to speak?
"Where there's smoke, there's usually a liar...e-r-r fire."
trying to pull the wool over the eyes of the sheep ... not very good Shepards ... if they treat their 'member/owners' like this how do you think they will treat the new 'customers'?
ReplyDeleteFleecing the flock comes to mind ...
if this passes, it'll be the end of SECU as we know it ...
ReplyDeleteThat's been in play since hiring outside at the insistence of the SECU Board. Why the board was so determined to hire outside is becoming more and more apparent. And the sleaziest CEO in the Credit Union world, on the executive team of the biggest failure in the history of credit unions. This board has never owned that mistake because they have continued the policies he started.
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