Talk About Tone Deaf. Heads Of NCUA Dine In Luxury On Our Dimes

saver42
  |     |   32 posts since 2019

Though there are many fine Credit Unions that serve their members well, it seems that living in luxury off someone else's money isn't just restricted to the big banks. Have a look at this report from today's Washington Post, that details things that were going to be kept quiet (like two airline tickets, for $11,000 -- each) until a whistleblower thought enough was enough. Apparently because they're private and not governmental, it's all "legal" (including "more than $60,000 in additional funding that was moved from one account to another in 2017 to cover McWatters’s [the NCUA's head] travel, lodging and per-diem expenses"). But talk about tone deaf...

https://www.washingtonpost.com/investigations/a-450-dinner-45-whiskey-two-financial-regulators-ring-up-the-expenses/2019/01/18/c0b0f6b4-1461-11e9-a896-f104373c7ffd_story.html?utm_term=.714f93fc993d




saver42
  |     |   32 posts since 2019
By dining on "our dimes" I meant on money from Credit Union members, since "NCUA operations are funded by fees from credit unions" ... and indirectly, we're the ones paying for their lifestyles...
anon123
  |     |   20 posts since 2010
Pretty disgusting, indeed! Who can we contact about that?!
AnnO
  |     |   129 posts since 2018
https://www.mycreditunion.gov/consumer-assistance-center perhaps


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.