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)






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1 comment:

  1. AnonymousMay 26, 2015 at 6:39 AM

    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.

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