Search
 

NCUA Salaries: Lack of Bargaining Agreement Halts Pay Adjustments; Senior Staff Exceed Vice President, Other FIRREA Agencies

NCUA's senior staff salaries have been the subject of news stories for some time now because they often exceed other federal financial depository institution regulatory agencies, but now the regular pay structure is making news.

By Sarah Snell Cooke | Updated on July 31, 2007

ALEXANDRIA, Va. — NCUA’s senior staff salaries have been the subject of news stories for some time now because they often exceed other federal financial depository institution regulatory agencies, but now the regular pay structure is making news.

NCUA employees grade CU-1 through 15 have not changed since 2003, the last adjustment prior to eligible employees opting for representation from the National Treasury Employees Union in 2004, according to NCUA Executive Director Len Skiles. Staff salaries are ultimately approved by the NCUA Board and must be comparable to the other Federal Institutions Reform, Recovery and Enforcement Act (FIRREA) agencies, but pay must be bargained with the union, he said; after three years, a bargaining agreement has not be reached.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.