CEO pay at large state chartered credit unions was almost $1million for 2012
by. Keith Leggett
The average total compensation for chief executive officers at state chartered credit unions with at least $1 billion in assets for 2012 was almost $1 million.
The information on CEO compensation was pulled from the credit unions’ Form 990 informational returns. Federal credit unions are not included in this analysis because they do not file a Form 990 with the Internal Revenue Service and do not disclose information on CEO pay.
Compensation information is provided for 111 CEOs from 106 state chartered credit unions with at least $1 billion in assets as of December 31, 2012. Only Meriwest Credit Union was excluded due to a missing Form 990.
Total compensation includes base salary, bonus and incentives, other reportable income, retirement and deferred compensation, and nontaxable benefits.continue reading »