To Be Or Not To Be?
Yesterday was the deadline to submit information to the NC Credit Union regulator on the question of changes without notification to the 2025 SECU Board Election Policies and Procedures . The decision by our State Regulator, Ms. Kristina Ray, will in all likelihood determine if SECU has a contested election in 2025, as it did in 2023 and 2024. Below is "the wrap". If you wish to explore the background, try here [link], here [link] , here [link]. and here [link].
✅ Ms. Caroline Warren, NCCUD
June 25, 2025
re: 2025 SECU Board Election Policies and Procedures
Dear Ms. Warren,
As you requested, to close out the information inquiries on the above issue, would ask that you 1) Confirm and disclose the number of SECU board candidate packages filed by the 2025 deadline as changed? 2) Confirm if the only board candidate packages filed for 2025 were either incumbents, or from members directly recruited by the SECu Board? Thank you.
❊ As stated in the 6/20/2025 letter to Ms. Ray [link],
SECU has announced further restrictions on member governance rights
through the elimination of advanced-filed, governance-related 2025
Annual Meeting resolutions, for consideration by the entire membership.
Would request that you meet with us to discuss this issue without the
need to file an additional complaint. Think such an informal meeting,
including SECU, would be highly beneficial to all parties, especially
the 2.5+ million NC members affected. Thanks for your consideration.
Look forward to your response, as time grows short.
Ms. Warren, thank you so much for your time, patience and courtesy in this matter.
Sincerely,
Jim Blaine, SECU member
cc: SECU Board of Directors
✅ But while we await the decision from the Administrator, please take note of the second paragraph and the [link] . The SECU Board is stepping up its fight to further suppress SECU member governance rights... all under the auspices of that regulator-approved 6/30/2023 bylaw amendment [link].
Another round coming it appears...
Do I have any member shareholder rights left? Why do you dare ask?!
... how many times can a man turn his head
ReplyDeleteAnd pretend that he just doesn't see?
The answer, my friend, is blowin' in the wind
The answer is blowin' in the wind ...
BTW, Trust is a valuable commodity although that might be considered old school ...
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