The email from a usually voluble credit union executive who had been asked to comment on the secrecy that surrounds compensation of top managers at federally chartered credit unions said, "Too touchy of a subject for me. Sorry."
That is where matters typically stand in regard to credit union senior executive pay.
For a decade–going back to when the Sarbanes Oxley Act of 2002 mandated greater transparency in publicly held companies–forces have been gathering to prod credit unions into more openness, starting with demands to open the salary account books. And other forces, often the senior managers themselves, have resisted those demands.
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