The SECU Annual Meeting: Isn't This A Losing Struggle?

            Yes, the SECU members are losing their credit union.

✅ What will "We" think of next?

               At the SECU Annual Meeting: 

 Recent Year     Member May Speak     Member Resolutions

       2022                  Fully Permitted             Fully Permitted

       2023                     Restricted                     Restricted

       2024                     Prohibited                    Restricted

       2025                     Prohibited                    Prohibited 

✅ Stay Tuned for the:

 2025 SECU Annual Wonderland Meeting! 

   

    “People who don't think shouldn't talk.”
               ― Lewis Carroll 

✅ Still to Come for SECU Members? 

"The process has been distorted by leaders with member-owners having no meaningful role at any step.  The so-called member vote is a charade.  But regulators are scared, intimidated or just simply impotent to stop the self-dealing, self-enrichment  and sometimes, outright corrupt practices.  They hold a fig leaf, well the members voted for it,  to hide their private unexamined approvals of the official disclosures required in the Member Notice." 

[https://chipfilson.com/2025/07/putting-the-members-and-democractic-practice-into-the-merger-free-for-all/ ]

 

  Does make you wonder, doesn't it! 

Need A CIVIC's Lesson? Two Opportunities...

  ... to learn more.

As noted yesterday [link], Local Government/CIVIC FCU is still a topic of high interest among SECU members.  The move of LGFCU to the new "CIVIC" name and "independence" in June, 2025  remains a major legacy of the "new/new" culture at SECU.** 

The flight by CIVIC from the 40-year partnership with SECU was a complex, difficult task. Everyone is hoping for success; @ 400,000 CIVIC members in North Carolina have got their fingers crossed.

✅  Chip Filson is a long-term credit union advocate, having served as a state/NCUA regulator, data guru on CUs, and as an insightful commenter/blogger on all things cooperative.  Filson's blog: "Just a Member" featured one take on CIVIC yesterday. Worth a read [link]! 

✅  The second opportunity to learn more about CIVIC is to sign on to its two scheduled "Local Connect" online meetings with top brass at the Credit Union:

"Fall virtual meetings: Tuesday, October 14 and Thursday, November 6. All virtual meetings are from 11:30 a.m. – 1:30 p.m."

[Local in-person meetings are available too! Sign up here: [link]

"What to expect
The Civic leadership team will share valuable updates about recent challenges and solutions, digital how-to tips, and other information about moving forward together. Most important, you can ask questions about what matters most to you." 

 

😎 What an innovative idea to allow member-owners to participate and ask questions! 

 

   ** ... that old "new/new" nose-grower - "the no formal proposal proposal" - is now playing out!