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Basic “common sense” with an eye on keeping extravagant junkets in check should guide credit union boards in dictating travel policy of volunteers, one of the industry’s most prominent chairman, Wesley Bone of Maryland, said Thursday.

Commenting on a legal brouhaha surfacing this month in New Jersey over an ex-CEO’s whistleblower’s suit dealing with director travel pay, Bone, the chairman of the Maryland/D.C. Credit Union Association, said CU boards need to be careful about giving “carte blanche” to any director seeking reimbursement to attend educational meetings.

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