Wednesday, April 2, 2025

Carolinas Credit Union League Implies H187 Would Permit Service To "Widows And Orphans Trapped In N.C. Financial Deserts"...

    ... "bullish", to say the least!

 
😎 The Carolinas Credit Union League's CEO Dan Schline "is pitching the legislation [H187] as a way to restore financial services to economically distressed communities vacated by traditional banks." [link - BNC]

😎 Mr. Schline neglects to mention a few other "minor changes" which H187 would permit:

 Such as: "Amends GS 54-109.31: "... removes reference to “society association, copartnership or corporation having membership” and replaces it with “business or other entity having membership” so it is clear that any entity may be a member of a credit union."

😎 Translation: Any commercial, business, or corporation in the United States may join SECU, if H187 becomes law in North Carolina.

✅ Check it out for yourself at the summary of H187 prepared by the North Caolina School of Government. [here] Who should you believe? 

Don't know about you but that sounds like a commercial bank, not like a local, member-owned and focused credit union.

😎 Why is Dan Schline so reluctant to tell our Legislature the truth, the whole truth, and nothing but the truth? 

  What's your guess?