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As House Panel Votes Aye, CU Trades Oppose Executive Compensation Measure

Even though only 153 credit unions would be affected, CUNA and NAFCU are both opposing a bill working its way through Congress that would place limits on executive compensation.

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Even though only 153 credit unions would be affected, CUNA and NAFCU are both opposing a bill working its way through Congress that would place limits on executive compensation.

The measure, which passed the House Financial Services Committee last Tuesday and was scheduled to be voted on by the full House last Friday, lets regulators limit “inappropriate or imprudently risky” pay packages.

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