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SHOWN TO THE RIGHT, ARE THE CONTENTS OF THE 11/27/12 LETTER SIGNED BY PRIORITY ONE CREDIT UNION PRESIDENT, CHARLES R. WIGGINGTON, SR. IN COMPLIANCE TO THE TERMS OF SETTLEMENT AGREED TO BY THE CREDIT UNION AND A MEMBER WHO SUED THE CREDIT UNION, ALLEGING THEIR WILLFUL VIOLATION OF THE PRIVACY ACT.

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Tuesday, February 9, 2010

Slight of Hand, Part 1

NOW YOU SEE IT,
NOW YOU DON'T.
YOU MOSTLY DON'T


In business, its not magic or trickery that determines the competency of a President or in the case of Priority One Credit Union, it's Board of Directors or Supervisory Committee, but what is actually achieved. President Charles R. Wiggington,.Sr. and Board Chair, Diedra Harris-Brooks, apparently believe that verbalizing the achievement of non-existent success is a wonderful substitution for actual achievements. Their empty assurances have become of deterring attention from losses, failed business decisions, illegal acts and embarrassing scandals. 

Last month an in defiance to state law, President Wiggington declared he will not be posting December 2009's Monthly Income Statement at any of the credit union's branches. Instead, he has entered into another of his absurd campaigns assuring anyone who will listen, that business is good and in fact, the credit union earned profit during the month of January. That is wonderful news. However, his statement seems odd and inconsistent with the fact that 2009 ended with more than $450,000 in losses. It's also peculiar because at Priority One Credit Union January is always one of the slowest months of the year. So how did the credit union produce profit in one of the slowest months of the year when throughout 2009, every month sustained immense losses? 


The President's statement is also being repeating by COO, Beatrice Walker, which doesn't serve as evidence. We'd prefer viewing the Monthly Income Statement but of course, the President refuses to post it. The biggest impediment to the credit union's success is the President who since 2007, has continually sabotaged efforts to instill growth. His excuses, exclamation to success, and assurances that all is proceeding as planned amount to more blather from a President that is obsessed with talking and hiding financial reports. 


This blog was launched in January 2009, with the hope the Board of Directors would step forward and force corrective measures to be implemented that would stop the President's abysmal decisions. The Board refused, choosing instead to enable the horrendous decisions of President Wiggington. 


Since 2007, we've continually listened to the President's promises that business was going to improve but the reversal to the destructive dynamic he created, has yet to be seen. He is clearly a failure as a strategist and his shallow rhetoric has growth thin. In spite of his far flung failures and the fact that the Board has relegated some of his authority to Beatrice Walker, the Board has recently renewed his agreement again. It may be easier to explain the extinction of dinosaurs than understand the Board's illogical reasoning.





STOP BREAKING THE LAW!

In January, the President was urged by his executive staff to post December's monthly financial. It seems that unlike the President, his executives were concerned that his refusal to post the report would provoke the filing of another complaint to the DFi, just as occurred last June when two members filed complaints. 

In spite of the President's well documented failures and abuses, we received the following comments from readers of this blog, leveling criticisms against us. We happen to know who their authors are because President Wiggington could not refrain from boasting about how he and a Director "put them in their place." 

Here are the comments. We've added the names of the authors at the end of each statement:  

Comment #1

"This blog perpetuates mindless redundant rhetoric. Nothing new just more Blah Blah Blah. Blogger if you are so unhappy at P1, look for another J.O.B., otherwise shut the f**k UP."

Thomas Gathers, Board Director

Comment #2

“I’m laughing because your sabotage hasn't worked, and I am still employed. You are laughing because you are unaware that dooms day is very close to you. Soon you will be included in California’s 12.4 unemployment rate. So now, who is the idiot?

President Charles R. Wiggington, Sr. 



"So now, who is the idiot?"  Is this a rhetorical question, because the answer is too much too obvious?


Financial statements that document immense losses, an investigation that proved the President committed sexual harassment, the loss of millions of dollars of Net Income, and the need to lie about the credit union's actual performance all tell us who the idiot is. And for those who may not know, one President Wiggington's periodic exclamations is, "I am still employed." And so melodramatic, reminding us that President Wiggington is a man prone to emotional tirades. 

The President and his equally undisciplined lackey prove that when exposed you can expect threats, profanity and inane declarations. The two were too glib to notice that this could have been a wonderful opportunity to provide evidence disproving what we've reported but of course, that would require that there was tangible proof of success, something that President Wiggington knows, doesn't exist. 

Well, thank you Mr. Gathers and President Wiggington for chiming in with mindless rhetoric but if this blog were truly nothing more than "blah, blah, blah" then why would you feel impelled react to what we report? 


 Who Knew?

Priority One continued its immersion in the red at the end of 2009. No wonder the President said he would not be posting December's financials. 

To review, here are the losses reported by the credit union during the months of October, November and December 2009:

October
-$133,503.84 

November
-$116,499.56 

December
-$784,870.51

Well that certainly isn't "Blah, Blah, Blah", is it? Priority One still has a remaining unpaid $10 million balance due on the $20 million loan borrowed by the President in mid-2008. Due to the unpaid balance, their actual Net Income size is NOT $165,835,128.90 but $155,835,128.90. On January 1, 2007, the date Charles R. Wiggington, Sr. began his appointment as President, the credit union's Net Income size was 
$172,250,649. So how did Priority One's Net Income size decrease by approximately $17 million in a 3-year period? No wonder the President and Board think that our reporting is "blah, blah, blah." 


Since January 1, 2007, the credit union's annual legal expenses have increased by over 270%. A review of the credit union's financials show that annual expenditures on legal increased from $20,000 per year to approximately $38, 000 per year. In 2009, legal expenses soared to $118,000. During last May's annual meeting, Charles R. Wiggington, Sr. stated that he was reducing spending, "streamlining" and "working smarter." Is the sudden jump in spending an example of his new business philosophy? 

One reason for the sudden rise in legal expenses is because the ignorant Board frequently consults with the credit union's legal counsel to obtain information about the financials they're supposed to understand. 

The credit union set aside a budget of $67,200 to spend on consultants for 2009, but December's Monthly Income Statement reveals that $82, 000 were spent. 

The budget for the annual meeting was exceeded by $32,000. The credit union recently disclosed that a part of the excess was due to legal expenses but why would legal expenses be reported under annual meeting costs? 

The credit union’s total assets decreased by $3,206,912.27 and loan funding decreased by $1,225,013. Shares decreased by a total of $2,255,468. Net capital decreased to 6.78%. 

  
BLAH, BLAH, BLAH

This may come as a surprise, but not every member of the Board is pleased with the President’s performance. Some of the Directors have quietly expressed their dissatisfaction but none are willing to challenge Board Chair, Diedra Harris-Brooks, for continuing to retain his employment. 

In the recent past, Directors, like David L. Davidson, and Rob Shipp found themselves ostracized and labeled dissenters because they vocalized their disagreements with Mrs. Harris-Brooks mode of doing things. 

An email sent to us a few weeks ago ,provided quotes of an address made by President Wiggington to the Board. Here are the excerpts:

“As stated in my last message, together we will weather this current storm. Together, we will continue to support one another. Together we will arrive at a better day.

You can count on my committed and focused hard work as our servant leader to make 2010 a more prosperous year for all of us. Thank you from the bottom of my heart for the privilege of serving you and the rest of the credit union team.”

More meaningless rhetoric from an immensely incompetent President. One of the problems with the President is that he's always trying to sell a bill of goods that has no substance. He always resorts to the same only insincere song and dance hoping people will buy into his vacuous assurances. 

Trying to work with the President requires contending with his psychology. He is currently imploring the Board for help because of the information containing in the Monthly Income Statements and because Beatrice Walker has succeeded to absorbing some of his authority. In 2007, he exclaimed, "No one tells me what to do" and based on the credit union current financial stating, no one could tell him what to do.  The decline of the credit union was caused by him and sanctioned by the Board of Directors.  


MANNY

Before his final date of employment on December 31, 2009, CFO, Manny Gaitmaitan, warned President Wiggington that the decision to implement Priority Pay, an alternative to payday loans, was not well-planned and could cause the credit union's debts to further amass. His advice was rejected and Mr. Gaitmaitan was labeled uncooperative and even accused by COO, Beatrice Walker, of trying to sabotage her efforts to create new streams of income. 

Recently, the credit union mailed out invitations to Priority Pay to only those employees whose Priority One accounts showed they have obtained loans from payday lenders. The letter was erroneously mailed without inclusion of a Disclosure statement. Additionally, the letter was unsigned. There were also no terms provided. 

A member recently wrote to us, stating that she called Priority One and asked for the Disclosure and Schedule of Fees but was informed that the credit union was out of both. On a side note, the cost of implementing Priority Pay was $50,000. Is this another example of how President Wiggington is reducing expense? 

We've also learned that Board Chair, Diedra Harris-Brooks, recently called Mr. Gaitmaitan and asked if he could provide questions that she may ask candidates who are interviewed for the position of CFO. Why didn't she ask President Wiggington for advice? And wasn't it the President and COO, Beatrice Walker who described Mr. Gaitmaitan as "difficult", "uncooperative" and "not a team player." 

Priority One is a credit union with too many overpaid executives, incompetent and dishonest executives. As hard as they try, the President and Board Chair's plots have a tendency of surfacing and becoming public knowledge. The breach in confidentiality can be traced by to President Wiggington and in recent weeks, to Beatrice Walker, who has revealed, more and more, that she wishes to become Priority One's next President and CEO.  Violating confidentiality, she also recently stated, "Where else am I going to get another job that pays as much as this one?" To be frank, we don't think she, President Wiggington, or AVP, Rodger Smock, would ever be hired by any business that values competency and ethics. And its unlikely that Diedra Harris-Brooks and her posy of clowns could ever serve as volunteer or even paid Directors on the Board of any other business. 







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82 comments:

Anonymous said...

As usual, Mr. Wiggington's supporters have reacted and resorted to ranting and raving, without providing a single shred of tangible and verifiable evidence that might exonerate the president. It is also interesting to note, that at no time during the past 12 months, have any of Mr. Wiggington's supporters ever described even one accomplishment he has made since being appointed president. One would imagine that the credit union's files must be over-flowing with documentation proving his tremendous contributions and accomplishments. So why not post at least one?


Blogger you are wrong, wiggington has succeded in one thing. Making the cu wish for the leadership of Mr. Harris once again.

Anonymous said...

In the last post someone wrote Bea might be the next CEO but that the NCUA would probably take over before that happens. They are probably right. The board dragged their feet and probably hired her too late to save the cu.

When Harris left capital it was at 10% or a little over, so the fall has been big. If the CU hits 6% the NCUA will probably warn them but if they fall below 6% they will be taken over. Amd what NCUA premiums?

Anonymous said...

Bea is making all the decisions with out Wigg, she redid her offices and spends Money like water, and she is a thief and has a bad name in credit union land, However she fits in with the board or with the chair, she is being groomed to be the next CEO .
And the fact that the Queen will be able to control her is another factor.

Diedra needs to be watch and not to be trusted and Bea is just like her, Wigg wanted help because he was sooooooooo over worked well now he has Bea and he is going to be screwed, because Bea is going to take over his job.

One of the biggest reasons that Diedra does not call Mr. Harris for help she can not control him, he could bring life back to the credit union but we need to get rid of the board and Wigg, Rodger, Bea and a few others.

Get your members to write the DFI and get members to sign a petition to have the board remove along with your sr. team.

By the way Charles only has 6 months left if that.

Anonymous said...

Mr. Harris didn't want anything to do with the credit union when he retired.

He was angry and closed out his accounts.

I didn't know why then, but it all makes sense, I wouldn't want anything to do with the credit union nor have my funds there either..ahahaha!
No way, not if Wigglenuts was going to be running the show. He's an idiot.

Mr. Harris, you knew all along!

Anonymous said...

If the x-employee stole money from member accts doesn't the cu have to pay that money back even if the members died?

Anonymous said...

Bea isn't a thief. The ncua records show she did not follow procedure which may have let an employee succeeded in embezzling. I think her problem at p1 is that she she came in with an attitude based on what Wigg and the board told her. She was not objective plus she also set a bad example by spending money when management was telling employees that the cu is doing poorly. You have to act by example and she didn't!

Anonymous said...

I worked with Bea and yes she is a thief! she made a mess at our cu and did spend money, she was not liked here at all. everyone was happy to see her go.

Alan Greenspan said...

Abusing their budgets is irresponsible. How can they hope to be anyone's financial fitness center if they can't even control their spending? I don't see how over spending can produce profit. Maybe P1 has found a secret formula that no one else knows about. Please share.

Anonymous said...

How many credit unions has Bea worked for or gotten fired from in the past few years? Here are a few we know of.

HONDA CU
TOYOTA CU
UNIVERSAL STUDIOS CU

How many credit unions do we not know about??????

Chuckie said...

There was also Electicore in Valencia and US Postal Service Credit Union.

Anonymous said...

Damn, that bitch is crazy...why does anyone listen to her?

Anonymous said...

Whoa! thats alot of jobs, i can see why shes had that many jobs based on her performance here.

Anonymous said...

They are having an emergency manager meeting at S. Pas all day long and Wigg is on vacation. Why is that every time he goes on vacation they have these big meetings? He might as well leave.

Anonymous said...

You do not he is gone! the 2 queens afre just letting take up space.

Anonymous said...

Diedra controls the board and she controls Wigg. So how is she going to get the cu out of the mess she and Wigg made? That decision not to pay back money from deceased member accounts is her decision, its got her footprints all over it!

Anonymous said...

The cu should have unloaded Wigg when he got accused of sexual harassment. At a lot of companys thats enough to get rid of you. His post just proved that he's a low life and he didn't even think how writing what he did was going to reflect on the cu. Thats how stoopid he is. When the ship started to sink they should have thrown him overboard first and then Diedra...then Rodger..then...

Anonymous said...

That decision not to pay back money from deceased member accounts is her decision, its got her footprints all over it!

That’s not a decision for her to make, the member’s money is insurances by NCUA and you have beneficiaries on the account who are entitled to that money, how low can the board or rather chair person go. If this is indeed a
Fact then NCUA needs to be notified ASAP!

Anonymous said...

And they didn't renew his agreement for another year, it is only for 6 months.

Anonymous said...

The LA branch avp was told by Wigg that those accts would not be reimbursed unless the beneficiaries put in a claim. Its outrageous!! Will the ncua investigate or just refer it to the dfi who wants the person reporting to be a member?

Anonymous said...

If you have a coo making all the decision why keep the ceo who has screwed up the cu? Get rid of him and let's see what she can do.

Anonymous said...

A year ago this was shocking and looked like somone was just out to get Wigg. Now its no longer shocking and the last thing Wigg ought to be doing is trying to defend himself.

Anonymous said...

If you have a coo making all the decision why keep the ceo who has screwed up the cu? Get rid of him and let's see what she can do.

Because the COO is jus as bad a the CEO trash, trash,trash.
Let's see who else I can let go
so there is more money to do my office with!

Anonymous said...

What are the delinquencies up to? And in what areas are they concentrated? Auto, RE?

John said...

That’s not a decision for her [chairperson] to make, the member’s money is insured by NCUA and you have beneficiaries on the account who are entitled to that money, how low can the board or rather chair person go. If this is indeed a Fact then NCUA needs to be notified ASAP!

I agree. There are procedures in place in all financial institutions for the restoration of money that may have been stolen from a member's account. Certainly, a theft committed by an employee, would require the credit union to reimburse that money. But if anything is to be learned from this blog, it is that at Priority One polices and even law, are circumvented, at times. The credit union should be reported to either the NCUA or DFI for the decision currently made regarding the money which was taken from member accounts but a complaint should also be filed against the credit union for their inconsistent and discriminatory enforcement of their own policies. It is due to their inconsistent enforcement of policy that employees may fear retaliation . In one comment, someone asked if the NCUA might refer a complaint to the DFI. They probably would because Priority One is a state-chartered credit union. The DFI may choose not to investigate if the person filing the complaint isn't a member. If a person filing a complaint is an employee, then what guarantee can the DFI make to protect that person? Its a catch 22.

Anonymous said...

But if no one steps up then they'll continue doing what they're doing. Members have the power.

Anonymous said...

Delinquencies are over 5%. The collection dept is not able to make a dent so they hired another collector who is supposed to start working this week or next. They also hired an auditor even though they laid one off in Sept. Fire a few people, hire a few more to replace them. P1 makes no sense.

Anonymous said...

They also hired an auditor

Any one else thinks that’s odd? You just let go of one person and get a other auditor, well where did this person comes from could be a friend of a friend.

Anonymous said...

Fire some employees & build a call center , buy a laptop, remodel an office
& hire back an auditor.

Anonymous said...

auditor?

Look for her family to come in and work in the cu.

What a mess this place is!

and all this happens while Wigg is away

I guesse Bea is the CEO

Anonymous said...

"And they didn't renew his agreement for another year, it is only for 6 months."

It sounds like the board lost confidence in him. If important meetings take place while he's out of the office then maybe he is no longer considered part of the operation.

Anonymous said...

Our office got the report for Jan. The cu made $230,238.99. What happened to the over $5 million they lost in 09? Do they ignore that because its a new year? And how come they didn't post the deliquencies?

Anonymous said...

If they made money in Jan that's a miracle because we lost a lot of business and dq's were up. Maybe
income doesn't include losses like chargeoffs and writeoffs. That explains why he spent the last 2 days walking around the office talking about his friends, his aunt, baseball. If they got a profit its because Bea is making the decisions. He forgot 09 ended in the negative.Why is he still p1?

Anonymous said...

This is from the Credit Union Journal, one of the industry's trade publications. I wonder if P1 was added to the list? Even if they are not, this somewhat explains why the NCUA and/or DFI has not taken action... they just have so many troubled CUs they don't know where to turn next. P! will definitely be on the hook for another NCUA premium...and when they can least afford it!

Number of Troubled CUs Grows
Credit Union Journal
Thursday, February 18, 2010


ALEXANDRIA, Va. — More storm clouds surfaced among credit unions last month with two more failures and the number of troubled institutions increasing by six, to a total of 357, NCUA said this morning.

But even as the number of troubled credit unions, those rated either CAMEL 4 or 5, is up from 271 a year ago, more problematic is that the total shares in this year's troubled credit unions is more than double from last year, now $5.8 billion, meaning far more deposits are involved.

NCUA has set aside $760 million, its most ever, to deal with potential losses in those credit unions, according to Mary Ann Woodson, chief financial officer for the agency. "We expect that 2010 will be a difficult year, just as 2009 was," she told the NCUA Board during a briefing this morning.

The growing loss projections make it increasingly likely that NCUA will charge credit unions another premium later this year to replenish reserves for the National CU Share Insurance Fund. Credit unions paid a total of $1.1 billion last year to replenish the fund and to capitalize the newly created Corporate CU Stabilization Fund.

Last month, the NCUSIF spent $34.3 million to resolve some of the past credit union failures, and projected another $5.7 million in costs to resolve the two newest failures. The agency spent $124.4 million in 2009 to resolve 28 failed credit unions.

The $760 million set aside for reserves is based on losses experienced last year, Woodson said. "There's no way to predict that number (for 20101)," she explained. "That estimated is based on what happened last year.

Anonymous said...

Well it looks like P1 made some money this month however you must remember that The 2 delinquent home loans were re-modified, and your CFO is gone so is his salary

Anonymous said...

You can factor in salary reductions from the other terminations and cutbacks. What they don't show on their report is dq's. You can't ignore the dq's plus they started a new fiscal year but they still ended 09 more than $5 million under. If they repeat their Jan success they might be on to something but if they don't, then they'll be losing again faster than you can say, "Why is Wigg still prez?"

Anonymous said...

Before Bea decides to get that badly needed work, she better make sure p1 makes enough money to offset dq's and pay the ncua premium and the charges she made on the cu credit cards including that really purdy laptop. Chumming it up with people who she thinks on her side is very high school but it doesn't pay the bills.

Anonymous said...

Bea-tch better get her home-boy (Yvonne) in gear and have him jump on those DQs.

Anonymous said...

Bea was never good at Universal and its doubtful she'll do anything that wonderful at p1. Her personality always gets in the way.

Anonymous said...

Bea got lucky in January. Look at the reports. The money they made didn't come from new business. They made little on new loans & dq's grew and they lost a lot of members. The more than $200,000 is not becuase any of their new programs succeeded. They didn't. Nothing they did has brough profit. Wigg is no longer an issue because the board finally realized children shouldn't play with guns but Bea has experience but she's like one of those school girls that no body liked or invited to the prom but she grew up and has power and now she's going to do what she wants to do because she can not because its good for the cu. It would be nice if those half wits on the board found a ceo who is qualified and not just one who is the right color or who they find on the clearance rack.

Anonymous said...

If Wigg is neutered then what is it he exactly does at p1? Is he necessary?

Anonymous said...

There dq's were over 5% in Dec. What were they in Jan?

Anonymous said...

I quit P1 in 08 because Aaron told Wigg a lie about me. Instead of asking me if it was true, Wigg told Aaron it was time to get rid of me and so I quit before they fired me. At P1 they make up stories and then they fire you and hr always helps them. Nothing they do is a surprise.

Anonymous said...

Charles has been loud again, talking about everything but the work. He probably thinks that one good month means the $5 million in losses is now forgotten but then again he is an idiot.

Anonymous said...

I saw their financials for January and it doesn't make sense how they went from being in the red to being in the black.

Anonymous said...

Nothing these people do should suprise anyone, they are all so dishonst. If P1 is showing profit it comes from 'COOKING THE BOOKS'.

Anonymous said...

Well there are a lot of auditors meeting with Wigg and the board. Of course, Bea spent yesterday redecorating the place and moved the waiting area right next to real estate loans. Geez, did it ever occur to her that people waiting there will hear the personal financial info of people meeting with the RE officers? I think she's a little outta touch.

Anonymous said...

They may not know how to run a credit union but they know how to ccover their tracks.

Anonymous said...

What auditors? NCUA, DFI or a firm hired by the Supervisory committee?

Anonymous said...

P1 is a hypocritical cu. They probably terminate employees who violate policy but the people doing the firing are sexually harassing employees, not enforcing policy, and lying to the auditors. What mgmt at P1 is trying to do is get away with what they do because they think its all a game where they have to win. Its not about doing right or acting right its about getting away with their shit. Plain and simple.

Anonymous said...

Whats up with Priority 1? Months ago I was told they have shared branching. I finally used it and they held my check for 9 days! I was told by the people at Priority that they were going to post my money in "real time." What does that mean? A friend of mine also bounced her check and she got charged $33 for the nsf plus $28 and Priority didn't pay her check! Stealing from members! Is that their new way to make up money Wiggington lost. I thought they were a members financial fitness center.

Blepi said...

When your check clears buy your friend a calculator.

Anonymous said...

When your check clears close your account (after you buy your friend a calculator).

Anonymous said...

p.s. There are a lot of other credit unions taht don't rely on misrepresentation to sell their goods.

Anonymous said...

3 months ago Bea brought Joseph to be the temp call ctr mgr until they found a permanent mgr. Then she named him call ctr mgr. Then she named him credit mgr. The other day he told one of the girls he is now the new loan mgr. When they posted the job for the call center mgr they wanted someone with 10 years experience but he doesn't have 10 years experience. He also doesn't know how to process loans but he was named loan mgr. He spends a lot of time running around from dept to dept but not really doing anything except asking mbrs if they have been helped and offering them water. What's next, is he going to be named the P1 hostess? I wonder what kind of raise he got because theres a lot of people in the cu who haven't got raises in years.

Anonymous said...

Lets not forget the call center! it is really bad!

Anonymous said...

Anonymous said...
3 months ago Bea brought Joseph to be the temp call ctr mgr until they found a permanent mgr. Then she named him call ctr mgr. Then she named him credit mgr. The other day he told one of the girls he is now the new loan mgr. When they posted the job for the call center mgr they wanted someone with 10 years experience but he doesn't have 10 years experience. He also doesn't know how to process loans but he was named loan mgr. He spends a lot of time running around from dept to dept but not really doing anything except asking mbrs if they have been helped and offering them water. What's next, is he going to be named the P1 hostess? I wonder what kind of raise he got because theres a lot of people in the cu who haven't got raises in years.


OMG the COO is so STUPID

Who's ever heard of a CEO reporting to a COO? Doesn't the COO suppose to report to the CEO?

This place is a mess!

Anonymous said...

Not at Priority where everything they do is ass backwards. The COO overrides the CEO, the loan mgr has no loan experience, the collections mgr overses card services, avp's don't have degrees or expereince as vice presidents, the board doesn't know anything about financials. The list is endless.

Anonymous said...

You forgot HR that helps abuse and fire employees, a coo that spends money like it grows on trees, and a ceo who the worst stereotype.

Anonymous said...

They must have done real well in January because they are adding more cubicles to the back of the main office for non-collection people. Its great that the rest of the country is struggling but at P1mgmt (not the employees) have so much money they didn't have to volunteer to cut their salaries and they can go into a spending frenzy. Reaganomics at work.

Anonymous said...

The only thing that Joseph did was graduate from the credit union management school. He use to be great but then he started kissing Bea's ass. He says what Bea wants to hear and does her bigging. I've lost all respect for him. Of course, if anyone questions Bea's actions, they are out the door so Joseph has job security.

Anonymous said...

Yvonne also kisses Bea's ass as does Wigg. Its really kind of funny how kissng butt trumps abilities.

Anonymous said...

Anonymous said...
3 months ago Bea brought Joseph to be the temp call ctr mgr until they found a permanent mgr. Then she named him call ctr mgr. Then she named him credit mgr. The other day he told one of the girls he is now the new loan mgr. When they posted the job for the call center mgr they wanted someone with 10 years experience but he doesn't have 10 years experience. He also doesn't know how to process loans but he was named loan mgr. He spends a lot of time running around from dept to dept but not really doing anything except asking mbrs if they have been helped and offering them water. What's next, is he going to be named the P1 hostess? I wonder what kind of raise he got because theres a lot of people in the cu who haven't got raises in years.



Maybe Loren gave Yvonne and Joseph the thumbs up. In case anyone has forgot who Loren is he's Bea's pal, the one who came in and gave everyone those stupid tests to figure out the staffs personalies. WHAT A FUK-N WASTE OF MONEY! But I'm sure Loren has a great Christmas off the tens of thousands of dollars the credit union paid him.

Anonymous said...

That shows how stupid the board and supervisory committee are. They let the coo pay someone thousands of dollars to come in and test staff to see what their personalities and traits are? After years of working with them shouldn't management already know? Whats next? a palm reader? someone to chart their stars or do horoscopes? Management are idiots!

Anonymous said...

We at Universal are not suprised at whats happening at Priority One CU. Bea was very, very DISLIKED at Universal, she would walk around with that Mr. Ed grin, but we all could not stand her. Maybe this credit union will get lucky like Universal and be rid of her. Good luck (you will need it).

francis the mule said...

Let my girlfriend bea alone, I like my mares dumb.

Anonymous said...

clearly they need to have upper management take those stupid tests since they are the ones fucking it all up!

not the employees

who's doing tests on the Coo Coo? Wigglebottoms?

the employees are holding down the fork with shame, I can see it every time I see them

Anonymous said...

Mgmt has the attitude that if employees don't like it they can leave. It never crosses their minds that if there were a better economy most of the staff would have already left. You have a coo with a bad reputation in the industry, a retard like Wiggenass, with a reputation that sucks, a senior vp who couldn't get a job in hr at any other company. They promote butt kissers to call center mgr then credit mgr and then make him loan mgr. Is he qualifed? What do you think? And the collections mgr FINALLY made a little progress this month after a 6 month free fall and now you have a controller who 50% of her dept can't stand her. P1 is the place where freaks wash up.

Anonymous said...

Notice how bea and rodger got out before 5? The CU must have hit the lotto.

cu member said...

I came to the credit union today, notice the toyota car parked there. What IDIOT came up with the idea of connecting the credit union with that company? Toyota cars are KILLING PEOPLE and Toyota is appearing in front of the government to tell why their cars are safe. Why don't you don't you throw a couple of bloody dummies in the car and tell the truth! BUY AMERICAN MADE! Good move guys, you are a bunch of f*cking idiots.

Anonymous said...

"I came to the credit union today, notice the toyota car parked there. What IDIOT came up with the idea of connecting the credit union with that company?"

That's Bea Walker who used to work for Universal fed cu until she got fired and also at Toyota where she didn't follow policy. The Toyota is a good symbol for P1, Bea Walker, Charlie Wigg, & Diedra Hairass-Brooks. Toyota like P1 used to be a good but now sucks and if you step on the brakes you might not stop and get screwed. Like Toyota, P1 is run by people who know they are doing wrong but think they just might get away with it. Well P1, I mean Toyota, I mean Bea, I mean Charles, I mean Diedra, way to pick a car that is all you baby.

Anonymous said...

Name 1 thing they do really well?

Anonymous said...

Steal and get a way with it.

Anonymous said...

Steal anyway. Have you noticed Bea's smile. She looks like the cat that ate a canary. She and quicky Wigg convinced the board that they have loan growth and that delinquencies decreased but that's not entirely true because they did get a lot of loans approved but they have to be financed for them to translate into money. They also did not tell the board that delinquencies increased because of Priority Pay but according to collections that just means people now owe extra fees which means more money - if you collect the money. They should change their motto to "P1, we'll put you in debt." Did you notice Wiggs stupid grin? He thinks that embarassing the cu is okay as long as he still has his job. Way to go, stinky.

Anonymous said...

The credit union's loans increased in February but so did account closures and the board met last friday 3-5-10 to discuss the audit and it seems the credit union didn't score too well. Bea is not reporting everything and now that Manny is gone they are cooking the books big time!

Anonymous said...

I don't get it. The other day Bea was talking about how the cu did better and Joseph said things are going great but a few days later they're saying we better improve or else. They give me whiplash. And what happened to the Toyota parked in front of the S Pas ooffice? This blog is funny and they are sooooooo stupid.

Anonymous said...

LIke Wigg after the investigation the Toyota is back.

Anonymous said...

So now where is P1 going to make money? With Citi & BofA announcing that they won't overdraw accounts with debit card trannsactions and therefore not be charging OD fees, what is P1 going to do? They can't continue to OD and charge, oh I forgot , we're talking about P1. They already post debits first and take loan payments out early if the payment date falls on a weekend or holiday so they can bounce checks and charge fees. What will they do next?

Anonymous said...

Bea spends money like if she were pretty.

Anonymous said...

While you stabbing me in the back, you can kiss my ass too.

Anonymous said...

Look at their financials. What they got in January is not from business. They are stupid!!!!!!!

Anonymous said...

Bea got rid of Dane Simmons this week. They are keeping it hush hush so it doesn't get to this blog. I think Patti Loicano is next. Bea didn't like Dane from the start but she didn't do anything because he and Wigg used to be friends. She made Dane vp of operations but a lot of us knew she was going to eventully get rid of him sooner or later.

Anonymous said...

" Anonymous said...While you stabbing me in the back, you can kiss my ass too."

No Bea or Wiggy, cause we don't know where your asses have been!

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