SECU What Next? Giving The Legal Profession A Bad Name?

   SECU sowing weeds?

✅ Trying to look at the bigger picture for credit unions can be difficult, but that's what we need to struggle with. The future of SECU is being refashioned without your consent. 

This undermining of purpose, principle, member governance, and North Carolina law is moving forward on several fronts. [Might want to refresh yourself on the parable about "sowing weeds".] Stick with this if you can as we wander into the weeds ; as a member you have much to lose.

✅ To add to the complexity of the puzzle, the dismantling of the credit union cooperative ownership structure is also proceeding rapidly on the national level through mergers, bank acquisitions, and future charter conversions.  But right now, lets continue to look at the letter from the SECU's "Chief Legal Counsel" [link].

Try the "chief legaler's" claim that the SECU bylaws: "... do not require SECU to offer the opportunity for member-sponsored resolutions." That statement, like the tawdry "no formal proposal proposal" and the classic "recently permitted prohibitions" [link] are what's known in the legal profession as pettifoggery! Sorta true but really not so much.

The actual truth is that from 1937 to 2023, resolutions from SECU members were always allowed at the Annual Meeting. No prior SECU Board ever considered removing that member right and privilege.  

😎 Evidently guided by the pettifoggery of the chief legaler,  the current SECU Board, has unilaterally taken this member right - to actively participate in the governance of SECU - away from you, without your consent.

Stick with this if you can as we wander into the weeds ; as a member you have much to lose.

✅ "Why does the SECU Board fear the members?"

... hold tight, there's still more!