Slithery and slipperish...!
⚛ H187 - "The Anyone, Anywhere, and Anything Goes Credit Union Act" - ("A-A-A-G"!)
✅ Folks are watching closely...
CU Bill Dies in Legislature [link]
NC Senate Blocks CU Bill [link]
😎 But Mark Twain has "the last" word on S595...
("A-A-A-G"!)
Why does SECU need this bill so badly... ??
Mixed feelings? Wondering about their motivation to vote against bill. Would hope that they voted on merits of the request and were not just pressured by banks. Initially, I thought the bill was to increase membership to make more money. For me, I don't want to see SECU become driven to make money. It was founded to help fellow members. That is what sets us apart from banks - for profit institutions. So, as was asked on this blog, why change membership eligibility? Has or will NC significantly reduce staffing thereby threatening a reduction in new members? With the loss of funding/revenue from LGFCU, the potential reduction in eligible members, and the failed bill to expand membership, there could be some challenging times ahead. I am hoping for the continuation of not-for-profit credit unions.
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