Credit unions lag behind other lenders when it comes to commercial real estate staff salaries.
CFPB regulations limiting loan originator pay have leveled the playing field for credit union recruiters.
Bargaining may be a key factor in achieving wage equality.
CUNA President/CEO Bill Cheney earned $1.34 million in 2012, according to the organization’s 990 tax forms.
Credit union CEOs who manage more than $250 million in assets earn more in base salary and total compensation than their banking counterparts do, according to the 2013 CUES Executive Compensation Survey, released Aug. 2.
Apples vs. oranges, industry types say, especially when talking about publicly traded banks.
Average raise was 6.43% this year. Average base salary $552,318 for billion-dollar credit unions.
NAFCU last week released its IRS 990 form for 2012, which reveals a significant increase in base salary from 2011 for President/CEO Fred Becker, as well as part of his retirement payout.
Base pay increase, retirement plan payout boost retiring trade CEO's bottom line.
CUNA, NAFCU and NASCUS rewarded their leaders’ stewardship through challenging times last year.