SECU amended its bylaws as they are allowed to do. Not subject to any approval by the Admin of NC CUs as you claim. Thanks for providing proof that SECU did the right thing.
8:19 pm You haven't got it exactly right. The SECU Board can amend the bylaws but the Board must receive approval from the State Administrator of all proposed amendments.before being implemented.
... Wilson Pickett [link].
"Why does the SECU Board fear the members?" 
as Pogo would say ...“WE HAVE MET THE ENEMY AND HE IS US.”
ReplyDeleteSo valuable is the precious virtue 'TRUST' that there can be no price put upon it; and once betrayed and lost, it is almost impossible to restore...
ReplyDeleteSECU amended its bylaws as they are allowed to do. Not subject to any approval by the Admin of NC CUs as you claim. Thanks for providing proof that SECU did the right thing.
ReplyDelete8:19 pm You haven't got it exactly right. The SECU Board can amend the bylaws but the Board must receive approval from the State Administrator of all proposed amendments.before being implemented.
DeleteRegulatory approval is required, not optional.