Sunday, May 13, 2018

Washington Post Scrutinizes NCUA Chairman Working from His Home in Dallas

The Washington Post is reporting that National Credit Union Administration (NCUA) Chairman McWatters is leading the agency from his home in Dallas.

Government watchdogs say that it is almost unheard of for the head of an agency to work from home.

A NCUA spokesperson stated that his physical absence from the corporate headquarters in Alexandria (VA) has not affected the operations of the agency and that "McWatters travels to Alexandria at his own expense for monthly board meetings and other occasions when his duties ... require that he be there."

The investigative report also looked into the spending of McWatters.

The article notes that shortly after joining the NCUA Board in 2014, McWatters bought nearly $22,000 worth of furniture for his office in Alexandria, which he rarely used.

The Washington Post cited his use of limousine services while traveling to meetings around the country and spending $12,000 for air travel to a conference in Barcelona.

The article quoted the last two NCUA Chairmen about the importance of being at the Alexandria office every day.

Read the article (subscription may be required).

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