Leave Exec’s Salary Oversight To CU Boards
I think NCUA’s proposal for more disclosure of credit union executive compensation it is a bad idea. The board is responsible for such decisions and I feel that there is plenty of oversight both internally and externally.
I think that it would open up deals that would hide income. I think that for large public companies CEO income is very immaterial; but in small credit unions it would become a gossip situation and counter-productive and encourage members to micro-manage salaries. Let the board members do what they have been entrusted to do by the members and do not provide obstacles for them to overcome.
Central Minnesota FCU, Melrose, Minn.
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