Large Credit Union CEOs Earn More Than Bank CEOs

by Credit Union Watch

by. Keith Leggett

This may come as a surprise to most people; but CEOs at credit unions with at least $250 million in assets earn more than their counterparts at comparably sized banks.

A recent survey released by the Credit Union Executive Society found that:

  • the median base salary for a CEO at credit union with between $250 million to $499 million in assets is $236,125 compared to $221,053 for a bank CEO;
  • the median base salary for a CEO at a credit union with $500 million to $999 million in assets is $325,000 versus $275,206 for a bank CEO; and
  • for a CEO at a credit union with $1 billion or more in assets, the median base salary is $449,948. For a bank CEO, the median base salary is $383,750.

The same pattern holds for total compensation.

This may suggest that larger credit unions are diverting a portion of their tax exemption towards compensating their CEOs.

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