Wednesday, November 19, 2025

Naw, Can't Happen Here... "We're SECU"

 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? 

Maybe as a member, you should ask our CEO ... even if  simple member inquiries now appear to be viewed as complaints [link]!