WASHINGTON CUNA reported today it paid Bill Cheney, its president and CEO, almost $1.3 million in total compensation in 2012, an increase of 18% from 2011.
Cheney’s 2012 compensation included base pay of $732,021; a bonus of $183,005; $234,857 in other reportable compensation; $169,640 in retirement pay; $18,117 in non-taxable benefits. That includes $142,140 in deferred compensation from CUNA and $213,210 in deferred compensation from CSS, CUNA’s service corporation.
Cheney's base pay in 2011 was $695,380, and he earned a $177,675 bonus.
CUNA noted that Cheney joined the organization in July 2010; therefore, the deferred compensation for that year ($168,500, but reported in 2011) reflected only a half year of service. Deferred compensation reported for Cheney in 2012 ($355,350) reflected a full year of service in 2011.
CUNA noted that Cheney serves as CEO of the trade association, as well as its affiliates, including CUNA Strategic Services, the National CU Foundation, and Credit Union House.
Most of CUNA’s top executives got raises around 6% last year, so that General Counsel Eric Richard earned $463,915 in total compensation; former Chief Operating Officer John Franklin earned $428,387; Executive Vice President System Relations Susan Newton earned $388,461; Executive Vice President Government Affairs John Magill earned $395,275; Chief Economist Bill Hampel earned $377,588; Executive Vice President Richard Gose got $320,538 Senior Vice President Mary Dunn $274,855; and Senior Lobbyist Ryan Donovan earned $270,223.
CUNA said it also paid ex-CEO Dan Mica $180,000 for consulting.
