Hope "it" doesn't freeze over first!
✅ Last Friday [see post], Julian Hawes who received 31,000+ member votes in last year's election, wrote the SECU Board. Mr. Hawes, re-asked the SECU Board and CEO for a copy of credit union procedures for submitting substantive resolutions for the Annual Meeting. The annual meeting process generally kicks off by the end of May and can be convoluted, so time is at hand.
Of late, open dialogue and transparency unfortunately, have not exactly been the hallmark of the current CEO, nor SECU Board; hopefully that is about to change.
While we wait to see if the "new/new" remains accountable; you might like to take a look at this credit union blog [link]. You'll see that diminished member rights and participation is not unique to SECU. Won't use the phrase "industry standard", but that often seems to be the controlling intelligence underlying our current leadership thinking.
😎 Shouldn't be hard to publish the "rules of the game"... unless, of course, they haven't been made up yet.
If not "industry standard"... how about "lowest common denominator"?
He uses an example of one of 4500 credit unions. Where are the diminished member rights?
ReplyDeleteFilson has covered this extensively over the past few years with example after example. I guess taking your blinders off and actually assimilating facts is too much to ask since those facts don't work with your narrative.
DeleteIn addition, members' equity is being stolen by Boards and CEOs across the country thru "mergers and acquisitions". Members have been intentionally kept in the dark.
Maybe that "guy" is part of the group keeping the members in the dark so the conversion can go through. Enrichment of a few from the pockets of many... No blinders on. Just has a different end game than "People helping people."
Delete5:29. Chip is smart but is anti-merger and any CU management. Regulator, policy, and consulting background. No CU operating role of consequence. So yes, he haa s point of view. Many of those from with have a different view.
DeleteSo explain how capital is stolen. Like literally embezzled? Are the members that vote yes on mergers the ones that are intentionally left in the dark?
It won't be like 2022. You won't be able to do resolutions at the meeting and give them no chance to refute the disinformation. Resolutions that make will be on the ballot ahead of time with directors. Full force of the marketing machine, with facts, will give members the right information to vote.
ReplyDeleteNot admitting to facts does not make them "disinformation".
Delete6:33 pm Now don't let the truth get in the way here!
DeleteThe resolution that the SECU members passed in 2022 asked 7 questions and suggested that the Board respond within 6 months. That resolution was passed without opposition, even with one Board member taking the podium to provide a second.
Not any accusations, no disinformation, nothing to refute.
Here is where you can read the actual 2022 resolution if you'd like to be better informed (it's the 10/11/2022 blog post):
https://www.secujustasking.com/2023/02/2022-secu-annual-meeting-how-it-all-got.html
You’re not following. You won’t be allowed to introduce resolutions at at the meeting any more. Those resolutions weren’t statements of misinformation. Just saying, you won’t be able to bring resolutions and then argue for them with bad, misunderstood or misapplied facts and or misleading information all in the same sitting. One example of 2022 was you bad information that there was a formal, written offer to merge. Resolutions will be on the slate ahead of the meeting with statements for and against.
Delete7:56 am Pretty bad effort "to cover"... you've got a leak in your bucket somewhere.
DeleteCan't that be obtained online?
ReplyDelete