Blaine Takes Big SECU Out of CUNA
State Employees’ Credit Union President/CEO Jim Blaine said he has no beef with CUNA or the Carolina Credit Union League. In fact, he said the $27 billion SECU has been very involved in these organizations for a very long time.
However, Blaine said Raleigh-based SECU decided not to renew its combined $340,000 membership dues – $250,000 to CUNA and $90,000 to CCUL – because there are serious issues that are not being addressed by both organizations.
Blaine wrote a Jan. 31 letter to John Radebaugh, president/CEO of the Carolinas Credit Union League, informing him that SECU would not renew its 2014 membership.
“SECU asked that consideration be given for credit unions to have the option to separately choose between membership in CUNA and the league,” Blaine wrote. “The right to independently choose membership and to have direct representation in CUNA appears to be very much in line with our core cooperative principle – one member, one vote.”