... better take a look!
“The only thing worse than being blind is having sight but no vision.” - Helen Keller [link]
Credit unions nationwide are merging and "selling out" - their member-owners in particular! Here's the latest, very large example [link]. This trend will be coming to North Carolina in the very near future!
Have tried over the last few months to encourage the SECU Board and our CEO Leigh Brady to detail their strategy on the issues of merger and charter conversion to the entire membership. The latest request was on November 11th [link]. The two key points were:
✔ For your information, the two issues which I believe need to be addressed are the rights of SECU members in the event of 1) merger, and/or 2) charter conversion. These two important credit union governance changes are occurring with increasing frequency nationwide - among credit unions, large and small alike.
✔ You and the SECU Board could provide tremendous leadership for credit unions by discussing, reviewing, and adopting appropriate governance rules protecting SECU members.
Lack of vision can indeed be a problem for a credit union... a refusal to speak to the members can also be disabling.
