Monday, May 18, 2015

2013 Compensation for Large State Chartered CU CEOs

The chief executive officers of state chartered credit unions with at least $1 billion in assets earned on average a total compensation package of slightly more than $965,000 in 2013. The median chief executive officer (CEO) compensation package was $768,888.

The information is pulled from the Form 990s filed by these large state chartered credit unions with the Internal Revenue Service.

The table does not include information for Federal credit unions, which are not required to file Form 990s. Also, the Form 990s for Texans and DFCU Financial Credit Unions did not provide any information on CEO pay. Suncoast Credit Union (which switched from a federal to state charter in December 2013) had not filed a Form 990 for 2013.

Thirty-two CEOs had total compensation packages of $1 million or more. Larry Scott of Campus USA Credit Union in Gainesville (FL) was the highest compensated CEO at over $5.56 million.

The average base CEO salary was almost $457,000 and the average bonus was nearly $151,000.

The following table provides information on the 2013 compensation for the CEOs of state chartered credit unions with at least $1 billion in assets at the end of 2013. (click on images to enlarge)

1 comment:

  1. Thanks for posting this. It's a shame federally chartered credit unions aren't required to disclose this information. I'm sure it would be an eye-opener.



The content is provided for educational purposes only, with the understanding that neither the authors, contributors, nor the publishers of this site are engaged in rendering legal, accounting or other expert or professional services. If legal or other expert assistance is required, the services of a competent professional should be sought.

Comments appearing in response to articles appearing on this site do not necessarily reflect the views of the ABA. ABA makes no representations regarding the truth or accuracy of commentary or opinions that may be posted in response to the articles that appear on this website.

The inclusion herein of any link to a website, either in the text of an article or in a comment, does not denote any approval, sponsorship, or endorsement by the ABA, and ABA is not responsible for the content or opinions expressed on those linked websites or related commentary. This content is not licensed to third parties sites and is not affiliated with any third party site. Any reference to the author or this content on any third party site on the Internet is not authorized by the ABA.

It is the policy of the American Bankers Association to comply fully with all antitrust laws. Certain discussions should be considered off-limits, including those that contain competitively sensitive data such as price and cost information, or statements that could be construed as reflecting an attempt or desire to control or influence a particular market or markets. Future pricing or other prospective competitive information should never be shared.