Last year's IRS 990 reports, available on Guidestar.com, reveal that the chief executives at both CUNA and NAFCU received pay raises in 2011.
NAFCU President/CEO Fred Becker saw his total compensation package increase to $645,998 in 2011, up from $616,890 in 2010, which included a roughly 3% increase in base compensation.
CUNA President/CEO Bill Cheney was reported to have received a $1,129,651 compensation package in 2011, including nearly $700,000 in base pay. That represents a 4.3% increase in base compensation over 2010, when Cheney was paid $333,305 for six months' worth of base pay. But CUNA spokesman Mark Wolf observed that the 990 reports sometimes clouded salary data.
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