WASHINGTON - (09/19/05) -- CUNA disclosed the benefits it paidto its top executives last year. President and CEO Dan Mica waspaid a total of $813,752 in benefits, including a salary of$744,588 in 2004, representing an 8% pay hike. Richard McBride, histop assistant, was paid $352,186, including a salary of $314,094,up 14% from 2003. General Counsel Eric Richard was paid a total of$327,244, including a $284,756 salary, up 3% from the previousyear. John Franklin, vice president, was paid $287,631, including asalary of $265,652. He did not work for CUNA the yearbefore.
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Market watchers expect the Federal Open Market Committee to announce a 25 basis point rate cut today, but are also watching for signals of more cuts to come and how many members push for a larger 50 basis point cut.
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A bill on reciprocal deposits passed the committee unanimously, while another measure on custodial deposits passed by a wide, bipartisan margin.
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