Thursday, October 17, 2019

CU CEOs Earned Almost 14 Times the Average Pay of CU Employees

In 2017, chief executive compensation at large state chartered credit unions was on average 13.81 times the average employee salary and benefits.

The median ratio of chief executive compensation to average employee salary and benefits was 10.29.

To calculate average credit union employee compensation, the analysis divided the Call Report line item Employee Compensation & Benefits by Full Time Equivalent Employees. Full Time Equivalent Employees = The Number of Full Time Employees + (0.5 times the Number of Part Time Employees).

A large state chartered credit union had at least $1 billion in assets, as of December 2017.

The CEO with the highest compensation to average employee compensation ratio was Mark Pfisterer of AmeriCU (Rome, NY) at 99.6 times the average employee compensation at AmeriCU.

The following table lists the 10 chief executives with the highest compensation to average employee compensation ratio.


However, this data should not be used to compare the compensation of bank CEOs to their employees. The information reported by publicly-traded banks uses median employee pay, while this analysis substitutes average employee compensation for median compensation, because median compensation is not available.

Median employee compensation would be lower than average employee compensation. In other words, if median compensation was used, the ratio of CEO compensation to median employee compensation would be higher.






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