WASHINGTON – CUNA reported its top management personnel received average raises of 5% last year, moving CUNA President Dan Mica to the cusp of a $1 million salary. CUNA paid Mica $901,000 in 2006, up from $858,000 the year before, and retirement benefits of $71,000–for a total of $972,000. That’s three times the compensation NAFCU paid its CEO, Fred Becker, who earned $355,000 in 2006, including a $309,000 salary and $46,000 in retirement benefits.
There are several options for smaller banks, including working with an agent bank, according to payment experts.
The sixth bank failure this year shows that even as the industry overall is very profitable, there are pressures on a lot of banks that aren't the biggest.
Bankers have taken out ad buys against incumbent Republican Senator Roger Marshall of Kansas as he struggles to hold what has traditionally been a ruby-red Senate seat.
The $736 million Orange County bank had faced a smattering of enforcement actions over the years, including for concentration risks, governance issues and questionable insider transactions.
As the U.N. renews its call for $1.3 trillion a year in climate finance, four leaders in climate finance say the biggest question for advisors is where that money goes.
The National Association of Insurance Commissioners responded to a query from Sen. Elizabeth Warren about risks to policyholders stemming from private-equity ownership of life insurers.
