Where's the Proof?
In our last post, we wrote about Priority One Credit Union's Board of Directors and their spending habits while allegedly attending events, conferences, and seminars intended to provide them with the knowledge needed to ensure the credit union's general direction and it's controls.
Recent disclosures suggest the Directors are conducting themselves less like officers and more like teenagers who are traveling out of town for the first time without being accompanied by their parents. Disclosures include allegations that the Directors are not attending classes and meetings, that money provided to them for their expense is being spent on alcohol and souvenirs. We think that the following concerns should be addressed:
- How much money was spent by the credit union to send each Director to Hawaii? How much was spent on airfare and how much on hotel accommodations? And how much was each Director given to pay for their daily expenses?
- Of the money provided for their daily expenses, how much was spent on food, how much was spent on alcohol and how much was spent on souvenirs? And how much, if any, is unaccountable for?
- And each Director should provide proof that they actually attended classes, meetings and conferences. After all, isn't education the reason they traveled to Hawaii?
We'd like to also know how much was spent to send each Director to Las Vegas? We recently learned that Board Chair, Diedra Harris-Brooks, receipts show that she spent a lot of her expense allowance in the casino bar. She also exceeded the amount of her allotted daily allowance. The President ordered that the Accounting Department disburse Mrs. Harris-Brooks expenses so that these do not show that she exceeded her per diem. The President is using his usual brand of not-so-clever reporting practices to cover-up Mrs. Harris-Brooks apparent abuse.
Auditing the Director's receipts would provide insight into the actual activities of the Directors during educational junkets. It would also confirm if the Directors are misusing credit union monies set aside for purely educational purposes.
The behaviors of the Directors is showing, more and more, that they are unconcerned by the credit union's increasing struggle to acquisition new business and increase membership. Clearly, the Directors have foregone education and are unconcerned by the fact that money paid to send them to junkets is being use to play and do the "tourist thing."