WASHINGTON -- Compensation figures of key credit unionexecutives could be inflated if a proposed change in federalreporting requirements goes through, CUNA told the Internal RevenueService today.
CUNA expressed concern that the proposal to report nontaxableexpense reimbursements and reimbursements would cause credit unionsto report figures that "do not reflect what most individualsconsider to be compensation.''
The association, in a letter from Senior Vice President sandDeputy General Counsel Mary Mitchell Dunn, also urged the IRS toset $150,000 as the minimum salary level of "key employees'' thatwould have to be reported. The current minimum is $50,000 and theIRS is proposing a change to $100,000.
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