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Progressive CU CEO Familant Compensation Topped $10 Million in 2015 "Credit News 24"

Taxi medallion lender Progressive Credit Union (New York, NY) reported that its chief executive officer/treasurer, Robert Familant, had a total compensation package of approximately $10.6 million in 2015.

Progressive Credit Union had total assets of $646 million at the end of 2015.

According to Progressive Credit Union's 2015 Form 990, Familant had base compensation of $1,977,204 and other reportable compensation of $8,569,406, which included $7,940,990 from the disbursement of funds from two 457(F) deferred compensation plans and a payment of $628,416 to cover his 2014 tax liability associated with imputed income from the transfer of ownership of non-cash keyman life insurance.

In 2014, Familant's total compensation was $5.9 million with a base pay of $999,727 and bonus and incentive compensation of $4,778,416.
Title : Progressive CU CEO Familant Compensation Topped $10 Million in 2015 "Credit News 24"
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