TAO: Part 3... Transparency.

CUJournal:  Matz Comments On Capitol Hill Spark Furor

Another "Matzotov" Cocktail
Hurled In Congress

"Matz told lawmakers that NCUA is more transparent than any of the other financial regulatory agencies, but she was forced to admit that NCUA posted a redacted version of a 2011 report from consultant Price Waterhouse Coopers on the effectiveness of the overhead transfer rate it charges credit unions to fund the share insurance fund.

Among the sections it cut was one advising the Agency to be more open with credit unions about the mechanism it used to determine the overhead transfer payments. "The Congressman asked Chair Debbie Matz whether "she recognized the irony of redacting a section [of the PWC report] that says you should be more transparent?"

"Matz said she did, adding the Agency planned to publish the entire report on its website soon." [Chair Matz apparently didn't comment on why she has waited four years to finally come clean and publish the report!] 

Evidently the transparency rule at NCUA is:

"Publish Only When Caught"

Transparency - Accountability - Oversight