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NCUA Should Require Greater Transparency Regarding CEO Pay "Credit News 24"

The National Credit Union Administration's Voluntary Merger proposal would require a merging FCU to disclose to its members all merger-related financial arrangements in whatever form they may take that are paid to its CEO, the next four highest paid employees after the CEO, the board of directors, and the supervisory committee.

In justifying the proposal, the agency cites the need for transparency and disclosure so that members can make an informed decision about a merger.

Both Chairman McWatters and Board member Metsger invoked transparency numerous times during the May 25th Board meeting, when discussing the proposal.

If transparency and disclosure is so important, then why should the National Credit Union Administration (NCUA) stop at requiring only the disclosure of merger-related financial arrangements?

NCUA should require all federal credit unions to reveal the pay of their CEOs and other highly paid employees.

Credit union members have the right to know.

This would ensure that federal credit unions are treated the same as other tax exempt organizations regarding the disclosure of executive compensation, including state chartered credit unions.
Title : NCUA Should Require Greater Transparency Regarding CEO Pay "Credit News 24"
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