MADISON, Wis. — The Credit Union Executives Society was alerting its membership late today of a possible TV expose on CU business junkets related to the corporate bailout to appear this week, perhaps tonight, on the ABC network news show "20/20."
"It was certainly a case of ambush journalism and what looks pretty unethical," declared Fred Johnson, president/CEO of CUES commenting on the appearance of a news crew filming and later interviewing attendees by phone who attended the trade group's four-day CUES Symposium Feb. 1-5 in St. Kitts in the Caribbean.
The annual educational meeting, which drew 165 volunteers and CEOs, was held at a Marriott Hotel with a 20/20 producer and an assistant "first acting nonchalantly like tourists and asking a lot of innocent questions" about trips and experiences later identifying themselves as journalists doing a story on CUs taking TARP money while engaging taking lavish expense trips.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.