Thought you wanted to be "industry standard"?
[see story here CUToday , or here CUDaily]
The SECU Board in September approved bylaw amendments evidently designed to "protect" themselves from the 3 million SECU member-owners. The Board and our CEO refuse to discuss those approved changes, while the regulators remain at lunch.
The members of SECU are at substantial risk. What is the risk? The risk is either that the SECU Board and our CEO do not have a clue about what is happening nationwide with credit unions... or that perhaps they do!
One would hope that as Rome catches fire our leadership would stop fiddling around. That time is at hand... over $6+ billion - of SECU member money - is up for grabs in North Carolina.
If the SECU Board needs bylaw changes to protect itself from the members; who protects the SECU members from the Board?
More fear mongering from you. Who is SECU merging with? Facts only please, know those are difficult for you.
ReplyDeleteWhy won’t you tell us what you know? The board shouldn’t be keeping this a secret, but neither should you.
ReplyDeleteMembers don’t need to be protected from the people that have a legal fiduciary duty to represent their best interests.
ReplyDeleteI'll take "...perhaps they do!" for $1000 Alex ...
ReplyDeletethese folks aren't dumb, especially when it comes to money
Yah.. cuz they’ll get rich by merging with a 4 billion cu, if that’s supposed to be some relevant analogy here.
DeleteWhy are you publishing these troll's remarks? These people just do not understand financial institutions of any variety but they do understand greed and practice it at every opportunity. Their goal is to have credit unions go the way of savings and loans in the 80s. A great get rich quick scheme for the unscrupulous. Seem to be a whole lot of them reading this blog and perhaps employed at SECU.
ReplyDeleteWho are these people? How might get rich quickly? I want in!
Delete11:16 pm These are by far not "the best" comments from the folks you mention. Your ears are not ready for "the best"...
ReplyDeleteDo think it helps credit union members who need to understand what they are up against. Greed has no conscience... and if you expect mercy... you're in for a rude awakening!
The members of SECU are at substantial risk" What a totally absurd statement. Just drama, fear-mongering, gaslighting, and all that. You're drawing some parallel of a 30 billion CU absorbing a 4 billion CU? So tell us, genius, since you somehow think this example is relevant, how are members at risk in the BECU and Safe example? Is the SAFE Board going to loot the place and take all the cash out of the vaults and teller drawers before the merger?
ReplyDelete