Top 10 Reasons to Vote For The SECU MEMBER NOMINATED CANDIDATES - PERKINS, CLEMENTS, STONE.

Evidently, Alice Garland (incumbent) and the self-perpetuating board nominees would like you to believe that the decline in the performance and reputation of SECU, over the last 2 years - aptly described by former CEO Mike Lord as a "train wreck" - is the fault of one or two disgruntled "former CEOs". How can the SECU Board refuse to acknowledge their responsibility for:

1. The hiring of the "$6.5 million dollar man" as CEO. https://secuvote.ey.com/
2. The $4 billion decline in assets/deposits (@ 8% of total) for the first time in 85 years. https://secuvote.ey.com/
3.  Exceeding their own annual budget target by $178+ million in 2023 (over budget target by 17.5%!). https://secuvote.ey.com/
4.  Exploding annual operating costs - up by 24%! That's up + $235 million over historical benchmarks. https://secuvote.ey.com/
5. Amid rising rates, refusing to pay SECU members more than 1% on most of their deposits. https://secuvote.ey.com/
6. Overcharging the majority of SECU borrowers with the new, discriminatory risk-based lending scheme. https://secuvote.ey.com/
7. Recklessly endangering the financial future of LGFCU and its 400,000 members. https://secuvote.ey.com
8. Failure to collect on past due loans, with loan losses topping $100+ million in 2023. https://secuvote.ey.com/
9. Creation of major disruptions and distrust among dedicated, long-term SECU staff, through poor Board planning and practices. https://secuvote.ey.com/
10. Failure to be honest and forthright with the SECU membership concerning Elections/Annual meeting/Bylaw amendments. https://secuvote.ey.com/

 Not to mention ... The hiring of the "$6.5 million dollar man" as CEO. 

                                       https://secuvote.ey.com/

            Vote for: THE MEMBER NOMINATED CANDIDATES

                           PERKINS, CLEMENTS, STONE. 

                             https://secuvote.ey.com/ 

  As an SECU member, you're losing out... 

         It's time... enough is (more than) enough! https://secuvote.ey.com/

 

Elect The MEMBER NOMINATED CANDIDATES - Perkins, Clements, Stone! - #4

  Most organizations have an operating budget approved by their Board - to monitor and control expenses.  SECU has an SECU Board approved expense budget, which is a sound business practice - unless you ignore it!

As you'll note below, the SECU Board has approved an "expense budget target of 2% of assets".  You'll also note:

• SECU spending exceeds the Board budget target by + 17.5% (2.35%/2.00%) so far in 2023... that amounts to being over the annual budget target by $ +178 million. https://secuvote.ey.com/
• Expenses are increasing every quarter.
  
• Prior to the last 2 years, the historical SECU operating budget expense has been @ 1.90% of assets . So far in 2023, the annual cost of operating SECU is @ +$235 million higher than historical levels (2.35% vs 1.90%).
• The SECU "employee head count" has increased by 1,000 + employees in the last 2 years  (to over 8,000+) without the addition of branches, nor expanded services. 
• Operating expenses up +24%, assets down -8% over the last 2 years - how long can those trends continue? https://secuvote.ey.com/
  
• Has the quality of service provided by this SECU Board improved?
  

  

             Who is paying for all this excess expense at SECU? https://secuvote.ey.com/

 

... if you don't know the answer, check out the 1% (or less!) rate on your SECU MMSA/share account, the high rate on your SECU credit card. or the long, in queue "wait times" at the SECU call center... https://secuvote.ey.com/

✅ Best Answer?  Vote for:  https://secuvote.ey.com/

             THE MEMBER NOMINATED CANDIDATES

                      PERKINS, CLEMENTS, STONE! 

 

https://secuvote.ey.com/