Large salary and benefits payouts always attract attention – but even more so when they concern credit union presidents/CEOs as opposed to other corporate heads. Despite credit unions’ not-for-profit statuses, seven- and even eight-figure settlements occasionally bubble to the surface.

David Maus, president/CEO of Public Service Credit Union in Denver, Colo., made headlines in 2012 when he took a preretirement payout of some $11 million on top of a $500,000 annual salary. The large payout for Maus’ 36 years at the credit union’s helm, while rare, was an attention-getter, according to Charles Shanley, executive vice president of the executive recruiting firm John M. Floyd & Associates based in Baytown, Texas.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.