ARLINGTON, Va. NAFCU reported a slight decline in its net income for 2012, to $296,000, from $419,000 in 2011, due to increases in executive compensation.
NAFCU reported it paid its chief executive, Fred Becker, a total of almost $1.1 million, which included $331,000 in accumulated retirement contributions. Becker, who is retiring next month after almost 14 years as NAFCU president, earned base compensation of $583,000 and was paid a bonus for 2011 of $126,500.
Chief Lobbyist Dan Berger, who is poised to take over for Becker at NAFCU’s Annual Conference in Boston next month, earned $410,000, which included base pay of $305,000 and an $83,000 retention bonus in 2012.
Among the other senior NAFCU executives: Anthony Demangone, senior vice president and chief operating officer, earned $289,000; Karen Tyson, senior vice president and director of marketing and communication and marketing, earned $227,000; Carrie Hunt, general counsel, earned $173,000; and Brad Thaler, senior lobbyist earned $164,000.
