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WASHINGTON-Though CUNA CEO Dan Mica’s 2004 salary is nearing the top of the six-figures, it is not as sizeable as former American Bankers Association President and CEO Donald G. Ogilvie’s. Mica’s salary and benefits topped $800,000 at year-end 2004 with $744,588 in salary and $69,164 in benefits. While this is nothing to sneeze at, ABA’s Ogilvie’s $1,000,131 salary (for fiscal year 2003, running from Sept. 1, 2003 through Aug. 31, 2004) easily exceeded Mica’s, as well as $388,626 in contributions to employee benefit plans and an expense account allowance of $18,264. Because of a salary freeze for CUNA’s senior staff in 2003, they were paid the previous year’s increase in a lump sum in 2004, which exaggerates senior staff pay increases for last year. For example, Mica’s salary represented an 8.17% increase over 2003 at $688,372. However, CUNA was required to make an additional contribution to its defined benefit pension plan in 2003 that was not required in 2004, which caused a significant decrease in benefit costs between 2003 and 2004; Mica’s was down 55.36%. Check the chart to see how other CUNA senior staff fared. [email protected]

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