CUNA President/CEO Bill Cheney earned $1.34 million in 2012, according to the organization’s 990 tax forms released Aug. 15. His $732,021 base salary and $183,005 in incentive pay represent a 2.2% pay increase compared to 2011. Cheney also received $169,640 in retirement and other deferred compensation and $234,857 in other reportable compensation, typically company retirement contributions. He also received $18,117 in nontaxable benefits.

Chief Legal Counsel Eric Richard was the second largest earner in 2012 with $495,369. John Franklin, executive vice president and chief operating officer who retired March 29 of this year, received 450,595. Executive Vice President of Government Affairs John Magill received $432,014 and Executive Vice President of System Relations Susan Newton, CUNA’s highest earning woman, earned $425,780.

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