SECU Board Election - Voting Now Underway...

   Ballots have been mailed!

✅ There are 5 candidates running for 3 seats. This year 4 of the candidates were originally member-nominated by petition. It has been very difficult breaking the standard ,self-reannointing cycle of incumbents only.  

😎 But progress is being made! Democracy works better when the membership has a choice. 

✔ How to vote: 

Absentee voting
Available September 9 – October 6, eligible members can cast your vote online through a secure member portal linked from our SECU website or you can vote via a mailed absentee paper ballot. Instructions are provided in the Notice of Annual Meeting. Be sure to read the instructions carefully to ensure paper ballots are received on time.

In-person voting
If you do not participate in absentee voting, you may vote in person during the Annual Meeting on October 13.

✅ Here's where to find complete info on the election [link]. 

 You didn't have a chance to vote last year... don't waste your right to vote.

A Safe Merger Of Cultures?

 

 ✅ From SAFE member and former CU CEO Jeanine [link]: "Mergers often lead to staff reductions, cost-cutting, and reviews of under-performing locations. Although BECU has committed to retaining SAFE CU employees for 18 months, layoffs and branch closures may follow." 

✅ From the merger notice [link]: "Upon completion of the combination, all SAFE employees will become BECU employees with access to expanded career opportunities as part of the Continuing Credit Union." "To support continuity and to align with BECU’s pay-for-performance philosophy – which will be the prevailing standard going forward ..." [SAFE employees may expect to encounter a few 'surprises"!]

✅ BECU CEO Bev Anderson Past Experience - 08/24/2017 [link]: "Anderson joined Wells Fargo in 2012 to lead Consumer Financial Services.  Today Wells Fargo & Company (NYSE: WFC) announced that Beverly Anderson has been selected as head of Cards & Retail Services (CRS), part of Wells Fargo’s Payments, Virtual Solutions, and Innovation (PVSI) business. Anderson has served as the interim leader for CRS since March of this year, and prior to that, led Wells Fargo Consumer Financial Services (CFS), the bank’s consumer credit card business. The Cards & Retail Services business includes CFS, Retail Services, and Collections & Servicing."

WELLS FARGO'S "INCENTIVE" COMPENSATION PLAN [link]:

   .... perhaps to jail!

 

That voracious "pay-for-performance philosophy" Stumpf'ed Congress!

[here's the link ] 

  Over 2 million fraudulent accounts... guess the Wells Fargo folks heard that as "inventive compensation" rather than incentive compensation from their leadership?