Monday, May 21, 2012

Large State Chartered CU CEO Compensation, 2010

The following table summarizes the base compenation and total compensation for large ($1 billion or more in assets) state chartered credit unions from their 2010 Form 990s.

Federal credit unions do not have to file Form 990s.

Total compensation includes base compensation plus bonus and incentive pay plus other reportable compensation plus retirement and other deferred compensation plus nontaxable benefits.

I was unable to locate the Form 990 for three credit unions -- Meriwest, Lake Michigan, and Spokane Teachers.

The average base compensation for these large state chartered credit unions was $542,731. The median base compensation was $402,566.

The average and median total compensation for these executives was $1,021,181 and $610,420, respectively.

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