A former member of the Whitefish Credit Union (WFCU) Supervisory Committee contacted Montana Daily Gazette recently to reveal that WFCU President and CEO James Kenyon wrote himself a $1 million dollar check in 2018, without board approval.
The former Supervisory Board Member (name withheld at source request), who resigned during that period over financial concerns, told MDG that all of the WFCU board members were aware of the unauthorized check, but still elected to keep Kenyon on as CEO after a close vote.
As stated previously in our articles, we have an insider who works at WFCU and who verified that the Kenyon payout is “an open secret” among those in the know, meaning those on the Executive Management Team and those who serve on the Board of Directors.
Since a credit union is owned by its members, any unauthorized check to the CEO, or anyone else for that matter, is theft from all credit union members and should be investigated immediately.
If you’re a member of WFCU and do not appreciate the idea of the CEO writing himself a $1 million check without your approval, reach out to some of the people listed below and let them know that you want answers. Toll-Free Hotline: (877) 862-3525