Future getting testy?
✅ Most SECU members received an email from our CEO, Ms. Leigh Brady, requesting that we write our elected representatives about preserving the tax exempt status of credit unions [May 1, 2025 at 6:58 PM]. Political pundits call this type campaign "astro-turfing" because its manufactured - not really "grassroots" politics, but...
Yesterday Todd Harper, former Chair of federal regulator NCUA, didn't mince any words [link]. in pointing out his view of the growing array of failures by credit unions to stay on mission - "People Helping People". Even some state legislatures have begun curbing the tax-exempt status of local state credit unions [link].
😎 What has caused this apparent "change of heart" among our political leaders and seemingly among the public - and many credit union members? Is it that...
A: ◻ Credit unions are using member money to buy multi-million dollar naming rights to stadiums and Super Bowl ads?
B: ◻ Credit unions are using member money to buy commercial banks nationwide at prices above book value? [link]
C: ◻ Credit unions are often circumventing legal restrictions in order to serve anyone and everyone - including major commercial corporations?
D: ◻ Credit unions now hold twice as many commercial loans as member credit card loans?
E: ◻ 'Credit unions no longer stand for cooperation, service, and economic justice; the political class knows the truth, can smell the rot?" [link]
F: ◻ Credit union democratic practices and member participation are being marginalized, often eliminated?
G: ◻ Credit union members can no longer tell the difference between a bank and a credit union?
H : ◻ The Carolinas' Credit Union League (CCUL) has pledged to the North Carolina Legislature [as with H.410 in the prior session!] that H.187 is just "a minor Update"?
I: ◻ All of the above?
Once "anything goes"... "everything goes"!
