Same old ...????
🎉🎉🎉 In 2026 we will celebrate how far our constitutional democracy has come in the last 250 years and how far it hasn't at SECU in the last five...
SECU has developed some sort of chronic "acute resolution syndrome" (ARS), remember this... [link]? A simple, polite, member-approved resolution in 2022 seems to have sparked a continuing fit of corporate paranoia.
To which the SECU Board responded with several democratic enhancements to SECU member rights [link].
In 2025, an ominous nationwide trend of "lets'-grab-their-cash" mergers accelerated among credit unions. Unsuspecting and uninformed members were sold down the river by "this-is-about-me" credit union leaders and boards; thereby losing local control of their cooperative and access to potential, direct cash payouts of billions of dollars.
In response, another request was made to present resolutions for consideration by the SECU Board to protect SECU members and North Carolina from this threat of mega-merger shakedowns. SECU's fumbling reply: [link]. The "Special Meeting" requirement was an out-of-thin-air concoction, not supported in any way by the SECU bylaws, nor prior history.
The SECU legal eagle was forced to admit as much, as no rules or procedures existed. Requiring 300,000 SECU member signatures to present member-resolutions to the SECU Board simply for consideration seems an affront to every measure of democratic principles. A worrisome drift into jack-booted intimidation and rule "by whim or whatever".
But, in an effort to understand the "new/new" democratic principles at SECU, a follow-up request was made for the format to solicit signatures and the guidelines/procedures for holding a "Special Meeting". The response came in late November, 2025:
"SECU does not currently maintain standing procedures to insure that only credit union members may participate and vote during a special meeting. However, the SECU board would certainly fulfill the bylaws’ requirement to prescribe such procedures for any special meeting called after receiving a written request from at least 10% of SECU’s members."
😎 The standard and now famous SECU member response: "We'll let you know what you need to know, when you need to know it!"
✔ So for 2026 looks like: Be it "resolved" - HAPPY "NEW/NEW" YEAR!
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