*A little extra insight [link] - October 23, 2025
Wednesday, October 22, 2025
Leadership By Example: Integrity...
We're Working On An Explanation...
SECU 2025 Annual Meeting [link - at 1:32.00]
An hour at the October 14, 2025 SECU Annual Meeting was set aside to answer member questions submitted in advance. As you read in the October 9, 2025 post [link], several questions from blog readers were submitted by others registering for the meeting as required.
The question I submitted on behalf of readers when registering: "Would you explain the details and purpose of the most recent SECU Board approved bylaw amendments and advise when a copy will be available to SECU members?"
The answer from our CEO Leigh Brady: "So, state law requires that any new, proposed bylaw amendments be submitted to the Administrator of Credit Unions for approval. The last time SECU submitted proposed bylaw amendments to the Administrator was in 2023. Bylaw amendments are only made if SECU concludes that the changes will improve corporate governance and are in the Credit Union's and the membership's best interest. If any future bylaw changes are ultimately approved by the Administrator, they will be shared with the membership as prescribed by the SECU bylaws." [again to hear live - at 1:32.00]
The problem: The SECU Board of Directors approved several significant SECU bylaw amendments on September 23, 2025 - the month before the 2025 Annual Meeting.
✔ Why does our leader Leigh Brady feel it necessary to "run around" the truth of the new SECU Board approved bylaw changes from the SECU membership?
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