CUNA Officers Get Pay Hikes Amid Losses

WASHINGTON-Despite losing more than $2 million last year, CUNA increased the salaries of its top executives. CUNA President and CEO Dan Mica had the highest salary at the organization at $697,084, plus nearly $80,000 in benefits. CUNA Executive Vice President and Washington Chief of Staff Richard McBride received the largest percentage raise for 2002 at 4.24%, other than Chief Financial Officer Mary Meixelsperger (formerly Wolfenberger), whose 2001 pay increase was deferred to 2002, which came to 11.81% for last year. CUNA is expecting to be in the black by more than $500,000 at the end of this year, according to their annual report. CUNA’s recording of salaries and benefits for its top officials changed from 2001 to 2002 due to employment of a new accounting firm that uses a different interpretation of what needs to be reported. While the organization is not reporting on as many officers, it is reporting more of the benefits of the top tier (See chart). [email protected]