Limits on credit union CEO compensation present a recruiting disadvantage as the industry braces for massive turnover.
It doesn’t matter what kind of job you do or how much you get paid. Every working person has wondered at some point, “Am I getting paid enough?”
Call CEO pay the credit union governance hot potato. “This is certainly an increasingly hot topic,” said attorney Michael Lozoff, chair of the credit union practice at Shutts and Bowen in Miami.
The average credit union CEO now makes $260,807 a year, according to the 2012 CUES executive compensation survey released last week.
Michigan Credit Union League faces second gender discrimination lawsuit in two years.
Last year, 29 NCUA employees made more than $201,000, an increase from 25 the year before, according to agency records.