OIG report on investigation of NCUA chair, COS expenditures published

A May 2018 report on a now-closed inspector general investigation into an anonymous complaint that the National Credit Union Administration (NCUA) Board chairman and the agency’s chief of staff incur “extravagant” travel expenditures was published, apparently just this week, on the agency’s website.

The 25-page report details the NCUA Office of Inspector General’s (OIG) investigation into a complaint received in August 2017 about the expenditures of agency board Chairman J. Mark McWatters and Chief of Staff Sarah Vega. Dated May 14, 2018, the investigation report recaps interviews with agency staff and reviews of reimbursements and receipts related to travel and dining expenditures in 2016 and 2017.

As pointed out in the agency OIG’s most recent Semiannual Report to Congress, the investigation was closed in 2018 with no action taken. In fact, the OIG investigation report itself notes that the U.S. Attorney’s Office for the Eastern District of Virginia declined prosecution of the case on March 29, 2018.

Report of Investigation No. 18-01 J. Mark McWatters, May 14, 2018

NCUA OIG Semiannual Report to Congress, April 1 – September 30, 2018

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