"We compensate board members more out of a sense of fairness than anything else,” explained Lin Hodges, president/CEO of Associated Credit Union of Norcross, Ga.
Is loan regime split dollar snake oil or liquid gold? How is a board to know? If it works, LRSD is a powerful tool for compensating key executives and preserving credit union assets. If it doesn’t work, the costs to the credit union and the participating executives are high.
Part two of this analysis of credit union board compensation by Credit Union Times. From our July 10 print edition.
The reaction among the roomful of credit union board members was shock and awe. Explanations for board pay vary as do questions raised.
I’m very much what you see is what you get. I feel the need to forewarn bosses that I will always be honest with them, and occasionally more honest than I should be for self-preservation. I’m respectful about it and always do it for the right reasons, but there you...
It's all about disclosure. I’ve been covering the credit union community for 14 years and had no idea some volunteer directors are paid.
Part one of this analysis of credit union board compensation by Credit Union Times. From our July 3 print edition.
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.
Checks obtained in scheme were cashed at branches of Redstone FCU and Regions Bank, feds say.
Base pay increase, retirement plan payout boost retiring trade CEO's bottom line.