WASHINGTON — CUNA paid former President and CEO Bill Cheney more than $1.3 million in total compensation in 2013, according to IRS form 990 released by the trade association.
CUNA reported that Cheney's total comp declined by 2% last year. Cheney's base salary increased by 6% and he was paid a bonus — which together resulted in an increase of 11.8%. CUNA said the increases were offset by an almost $142,000 decline in retirement benefits due to vesting requirements not being met.
Cheney resigned this year to take over as CEO of $10.2 billion-asset SchoolsFirst FCU in Santa Ana, Calif. Bill Hampel, SVP of research and policy analysis and chief economist, was named interim president/CEO.
General Counsel Eric Richard earned $503,493 in total compensation last year; Executive Vice President John Magill $439,512, EVP Paul Gentile $433,343, Executive Vice President System Relations Susan Newton $430,500, Hampel $397,875, SVP of Political Affairs Richard Gose $339,750, SVP and Deputy General Counsel Mary Dunn $298,394, EVP Jill Tomalin $292,777, and SVP of Legislative Affairs Ryan Donovan $291,984,
CUNA also paid ex-CEO Dan Mica $70,000 for consulting.
The trade association listed total revenue reaching $55.6 million in 2013, while total expenses were $53.6 million.
