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 to...

Study: Paying Board Members Reduces Likelihood of CU Insolvency "Credit News 24"

A study published earlier this year provides support for paying credit union directors. The issue of whether or not to pay a credit union&#...

CU Board Buys Season Tickets to Professional Football Team "Credit News 24"

During the May 25 National Credit Union Administration Board meeting, it was disclosed that a small credit union used credit union funds to ...

Large CU CEOs in 2015 Earned 13.15 Times More Than Their Employees "Credit News 24"

CEOs of federally insured state chartered credit unions with at least $1 billion in assets earned on average almost 13.15 times more than th...

Large State Chartered CU CEOs 2015 Compensation Tops $1 Million "Credit News 24"

Chief executive officers at state chartered credit unions with at least $1 billion in assets reported an average total compensation of $1.02...

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-r...

NCUA Employees Earned an Average Pay of $121,180.88 in 2016 "Credit News 24"

Employees at the National Credit Union Administration (NCUA) earned an average pay (base and bonus) of $121,180.88 in 2016, according to fed...

CU Member Perplexed by Secrecy over CEO's Pay "Credit News 24"

Recently, I was contacted by a credit union member who was being stonewalled by the member's federal credit union regarding the pay of t...

54 NCUA Employees Earned More Than $200K in 2015 "Credit News 24"

Fifty-four National Credit Union Administration (NCUA) employees were paid $200,000 or more in 2015, according to FederalPay.org . The avera...

Corporate CUs Are Required to Disclose Executive Pay, Then Why Not All FCUs "Credit News 24"

It is time for the National Credit Union Administration (NCUA) to require natural person federal credit unions to disclose senior management...

Short-Handed NCUA Board Will Likely Delay Incentive Pay Rule Until the Next Administration "Credit News 24"

Bloomberg is reporting that the Dodd-Frank Act incentive compensation rule is unlikely to be completed during the closing days of the Obama ...