NAFCU on Tuesday released its IRS 990 form for 2012, which reveals a significant increase in base salary from 2011 for President/CEO Fred Becker, as well as part of his retirement payout.
Becker will retire from the Arlington, Va.-based trade association July 31.
Becker received $583,358 in base compensation, an increase from the $408,458 he received in 2011. Becker said the NAFCU board increased his 2012 base salary to make it more competitive with median salaries for similar positions.
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