Friday, January 24, 2025

The First Rule Of Medicine Is "Do No Harm"... Same Should Apply To Credit Unions.

NORTH CAROLINA  -- A new, major change is coming to medical debt and it will improve credit scores for millions of Americans.  

    North Carolina's hospitals can recognize an emergency - and then take meaningful action!

North Carolina Gov. Roy Cooper: "Medical debt is not a choice, and it’s monumental to have North Carolina hospitals committing to be part of eliminating medical debt for their patients. By joining this first-in-the-nation solution, they are raising the bar for health care, and together we will make a life-changing difference for our families and our economy."

"As of today, all of the state’s 99 eligible hospitals have committed to participate."

✅ Real life happens: Partner logo

"On March 30, 2019, a swerving car upended Tom Burke’s life. Severely injured after the crash, Burke was airlifted from the Fort Liberty U.S. Army base in North Carolina to UNC Medical Center, in Chapel Hill, where doctors performed surgeries to rebuild his leg.

Medicaid covered most of the cost, but Burke was still left with more than $10,000 in bills. He was confined to a wheelchair for two years after the accident, unable to work his car sales job. As a result, he said, he couldn’t pay the outstanding hospital bill and his account was turned over to a collection agent.

Since then, he and his wife repeatedly tried to buy a house. But because of damage to his credit score, mortgage companies repeatedly turned them down."

“We were forced into homelessness for a time,” said Burke, whose family moved from North Carolina to Missouri in 2020. “For everything we need credit for, we’re screwed.”

✅ Tom Burke was a credit union member.

😎 Risk-based lending, endorsed and promoted by our SECU Board, unjustly - and intentionally - hurts many SECU members. How many examples, how many hurricanes, how many wildfires, how many natural disasters, how many emergencies, how many unexpected job losses and deaths... 

How many personal member tragedies will it take to make our SECU Board care about fairness and other human beings again? 

SECU is better than this... or used to be.