The Bank Slate


SECU members replace three incumbents with new directors

State Employees’ Credit Union in Raleigh, N.C., has three new directors.

The $50 billion-asset credit union said in a press release that its members voted for self-nominated directors instead of three incumbents at its annual membership meeting.

The board has 11 members who serve three-year terms. One the incumbents was the board’s vice chairman.

The new directors – Michael Clements, Barbara Perkins and Chuck Stone – will serve through October 2026. The nominees had the support of former SECU CEO Jim Blaine, who has used a blog to criticize the board and management.

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