Thursday, June 2, 2016

Large State Chartered CU CEO Compensation as Percent of Net Income and Non-Interest Expenses

Many readers had requested that I look at credit union CEO compensation relative to various performance metrics.

This commentary looks at the compensation relative to net income and non-interest expense.

The median CEO compensation to net income ratio was 5.35 percent. Kam Wong of Municipal Credit Union (NY) had the highest ratio of CEO compensation to net income of 104.87 percent. The next highest ratio was 72.03 percent from Bert Hash, Jr. of Municipal Employees Credit Union of Baltimore (MD). The following table looks at the 10 credit union CEOs with the highest ratio of compensation to net income.


The median CEO compensation to non-interest expense ratio was 1.63 percent. However, Glen Yeager of Utilities Employees Credit Union (PA) had the highest ratio of compensation to non-interest expense at 40.85 percent. The next highest was Olan Jones, Jr. of Eastman Credit Union (TN) at 13.62 percent. The following table looks at the 10 CEOs with the highest ratio of compensation to non-interest expense.


The following tables look at CEO compensation of state chartered credit unions with at least $1 billion in assets as a percent of net income and non-interest expenses.


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2 comments:

  1. AnonymousJune 2, 2016 at 8:34 AM

    What an indictment.
    Idea...to make this even more useful, wouldn't it be easy to take James Dimon total comp as a % net income and opex?
    Let's see how these folks compare to the congress' whipping boy for greed.
    Bet you find its "interesting".

    ReplyDelete
  2. AnonymousJune 2, 2016 at 8:36 AM

    How does the Melrose board (and NCUA) explain paying AKaufman millions to put a $2B CU at risk in such a dramatic way?
    Whistling by the graveyard again at NCUA.
    Another example of a board asleep.
    Fiduciary responsibility?
    Hu?

    ReplyDelete

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