Bankers get it wrong on CU compensation
CU CEOs earn 10% less than CEOs at similarly sized institutions.
![](https://www.cuinsight.com/wp-content/uploads/2018/10/JordanVanRijn_1200.jpg)
Bankers increasingly are attacking credit unions, and one of their latest strategies is to publish what they claim is “excessive” CEO compensation at individual institutions.
A 2017 op-ed criticized credit unions for paying employees “more than $100,000 a year… while working at a ‘non-profit.’”
Another highlighted “jaw-dropping” CEO salaries as a reason to eliminate the “unfair and indefensible corporate welfare big credit unions receive as a result of their non-profit status.”
As you might expect, these criticisms lack important context.
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