WASHINGTON-CUNA said compensation disclosures provided to the credit union trade press for its president and CEO Dan Mica were incomplete and should have listed another $197,000 Mica was paid by CUNA affiliate CUNA Strategic Services in 2007, boosting Mica's 2007 pay to almost $1.2 million.
Mica earned a $938,769 salary in 2007, up 4.2% from 2006, and employee retirement benefits of $27,447, as well as expense reimbursements of $42,470, for a total of $1,008,686, according to the compensation pages from CUNA's annual Form 990 submitted to the IRS and provided to Credit Union Journal last year. Compensation figures have not been released yet for 2008.
The CUNA spokesperson pointed out that in 2007 CSSI contributed $2.7 million to CUs, primarily in savings that credit unions realize on products and services as the result of strategic partnerships, bringing the total contributions to $17 million since CSS's inception in 2000.
