Norfolk, Va., credit union paid three times in operating expenses what it made in gross income in 2012.
CUES is now calling for online participation in its salary surveys.
The average base salary for all credit union CEOs increased in 2012 by an average of 6.62% from 6.54% last year, survey finds.
Dodd-Frank and credit unions, executive pay disclosure and why can't credit unions get some congressional kick?
NAFCU's Fred Becker made $645,998 last year; CUNA's Bill Cheney came in at $1,129,651.
The average credit union CEO now makes $260,807 a year, according to the 2012 CUES Executive Compensation Survey released Tuesday.
SAN DIEGO — Without a proper executive benefits package for the entire executive team, credit unions risk losing potential CEO replacements to organizations, competing banks and other credit unions, said CUNA Mutual Group’s Scott Albraccio, executive benefits sales manager, during a breakout session at America’s Credit Union Conference.
It seems that not a day goes by without a headline screaming about outrageous executive pay, with allegations of the fox robbing the henhouse and the inequities of compensation in our capitalistic society.
Trade publications are criticized by some as cheerleaders for their respective industries. They’re captives of the advertisers. Credit Union Times was founded in 1990 to provide unbiased news coverage the industry was lacking. We work incredibly hard to keep it that way, reporting the good and the bad.
Tells Montana Credit Union Network that defined pension benefits are history and 401(k)s are not enough to keep talent at home.