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Director travel expenses are an internal issue based on credit unions’ own net numbers, the chairman of the New Jersey Credit Union League, Shawn Gilfedder, said Wednesday regarding a pending whistleblower’s suit against First Jersey CU.

When there are cases of boards “overstepping boundaries,” then it becomes a different matter. However, Gilfedder noted, the First Jersey dispute with its fired CEO, Joann Lazzara, has been exaggerated in the media, particularly when one considers that “$12,000 for a trip makes headlines when taxpayers are paying out billions to restore bank capital.”

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