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CU Board Buys Season Tickets to Professional Football Team "Credit News 24"

During the May 25 National Credit Union Administration Board meeting, it was disclosed that a small credit union used credit union funds to buy season tickets for all its board members to a professional football team for three years.

According to the transcript, Board Member Metsger stated:

"[T]he CEO of a large credit union ... told me that they discovered after bringing in a smaller credit union that the board had approved the purchase of tickets for the next three years for all of the board members to a very expensive professional football team."

The purchase of tickets to a very expensive professional sports team by credit union directors is a form of non-monetary compensation and is an abuse of the credit union tax exemption.

Title : CU Board Buys Season Tickets to Professional Football Team "Credit News 24"
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