Not too difficult to understand why NCUA CFO Mary Ann Woodson, a 35 year veteran, is hanging it up and calling it quits after listening to the little "dialogue " last week between Chair Matz and Director McWatters at the NCUA Board Meeting.
At the meeting, during CFO Woodson's financial report, McWatters correctly pointed out that most NCUSIF losses were coming from small credit unions. A true statement to which Chair Matz "took exception". A veteran like Ms. Woodson understands that it is only a matter of time before another, similar "dialogue" will reoccur; and that the Chair will eventually turn to her and ask for her opinion as CFO on the disagreement.
Ms. Woodson is a highly regarded leader, ethical and principled - prone to tell the truth! And, it is well known within the Agency, that "speaking truth to power" under the current regime has a tendency to be fatal. Yes, Ms. Woodson a very good time to retire....Bon Voyage!!
HERE'S ANOTHER "REPRINT" TO VALIDATE THAT MR. MCWATTERS "GOT IT RIGHT" ... AND THAT THE CHAIR STILL ISN'T LETTING THE FACTS GET IN HER WAY:
|Those Large Risky CUs !!!|
- NCUA Chair Debbie Matz, 9/18/2013