Wednesday, August 2, 2023

SECU's "This Board" - Creates Unnecessary Financial Uncertainty For North Carolina Local Government Employees

 ðŸ˜Ž Remember this...?

SECU Board Chairman Chris Ayers stated boldly - and without blinking much - in the SECU Fireside Chat [link...at 7:42] video that LGFCU had been "strategically planning to become independent for years".

 

 ... what actually occurred is that Chairman Ayers and "this Board" triggered LGFCU to flee in fear from a predatory "new/new" SECU.

With the following results:

✅ LGFCU Net Income for Financial Year 2022: + $36,445,000

😎 "Abrupt" declaration of indepence by LGFCU (November, 2022) - long planned!

✅ LGFCU Net Income for Financial Year 2023 (as of 6/30/2023): -$9,009,000

... somehow that really doesn't look like "a plan".

   ... with "this Board" there appear to be no punishments nor shame, but in real life - as you see - there are consequences.