MADISON, Wis — CUNA Mutual Group paid its CEO Jeff Post $2.9 million last year, of which almost $1.6 million came as a bonus, according to documents filed with the Wisconsin Commissioner of Insurance and Iowa Insurance Division.
Other leading CUNA Mutual executives in the compensation arena included David Lundgren, chief products officer, at roughly $816,000 and David Sargent, senior vice president for corporate strategy, at $645,000.
Although CUNA Mutual Group pays the executives from CUNA Mutual Life Insurance Company, CUMIS Insurance Society and CUNA Mutual Insurance Society, the three different companies report their compensation to different regulators and somewhat "arbitrarily" in terms of which company reports which part of the salaries, according to Post.
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