NCUA's 2003 Salary Data for Key Positions

ALEXANDRIA, Va.-Each year the salary levels at NCUA are bound to cause some controversy among the credit unions that fund the agency. “The compensation system serves to retain valuable assets and resources for the agency, fairly compensate individuals for their expertise, and provide ascending agency employees with the knowledge that making a commitment to an NCUA career path can lead to executive positions, and compares favorably with similar positions in the public and private sector,” NCUA Public and Congressional Affairs Director Cliff Northup said. In the next five years, 28% of NCUA staff will be eligible for retirement, which will provide opportunities for employees on their way up the ladder, he said. Northup explained that 18 NCUA employees have been chosen for one of five leadership and management development programs starting in 2003. NCUA pays salary increases as an upfront 50% lump sum and the other half added on to their salaries as a money saving device for the agency. See this year’s salary data in chart shown here. -