Friday, July 8, 2011

Large State Chartered CU Executive Compensation, 2009

Below is the compensation data from Form 990 filings for large state chartered credit unions for 2009 (click on the images to enlarge).

I was unable to find information for 6 state chartered credit unions as their Form 990s were not available through GuideStar. Also, federal credit unions are excluded from this analysis because they are exempt from filing Form 990s.

Total compensation includes base compensation, bonus and incentive compensation, other compensation, deferred compensation, and nontaxable benefits.

The CEO with the largest compensation package is Gordon Simmons of Service Credit Union (NH). Simmons received slightly more than $2 million in total compensation. The credit union official with the second highest compensation package is David Maus of Public Service Employees Credit Union (CO).


  1. What about state chartered Corporate CUs?

  2. Here is the info you requested on compensation of state chartered corporate CU CEOs for 2009.

    Iowa Corporate Sara Flynn 131667
    Central Corporate William Walby 325496
    Corporate America Thomas Bonds 333377
    Corporate Central Robert Fouch 308742
    First Corporate NA
    First Carolina D Brehmer 238838
    Georgia Central G Moore 316780
    Kansas Corporate L Eisenhauer 120426
    Louisiana Corporate David Savoie 147176
    Missouri Corporate Dennis DeGroodt 176990
    Treasure State Corporate NA
    Volunteer Corporate Rick Veach 414732



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