Travel Expenses for NCUA Board Members

by Keith Leggett

Bravo to Credit Union Journal for examining the travel-related expenses of the NCUA Board members.

According to data obtained from a Freedom of Information Act request, Credit Union Journal found that in the four years up to August of 2012, Fryzel spent $109,182.99 on travel; Matz, $81,523.12; and Hyland, $71,551.35.

During 2011 and 2012, Fryzel spent $67,845.58, Matz $50,302.22, and Hyland $27,196.43.

The story points out that Fryzel lives in Chicago and flies to NCUA Board meetings, while Matz lives in the Washington, D.C. area, as did Hyland during her board tenure.

For example, Credit Union Journal compared the lodging expenses for the three NCUA Board members attending CUNA’s Government Affairs Conferences in Washington, D.C. for 2011 and 2012. In 2011, Fryzel spent $1,657.95 for three night’s lodging. Matz spent $1,116.39 for three nights. Hyland spent $647.13 for two nights. In 2012, Fryzel spent $2,720.54 for four night’s lodging, Matz spent $1,022.40 for three nights, and Hyland $373.27 for one night.

What is noticeable is the discrepancy between Fryzel and the other two board members nightly lodging expense.

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