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Re: the post above - Credit unions do pay taxes (property, payroll, etc.).  They are exempt only from the corporate income tax because they are not-for-profit cooperatives owned by their members.  Another reason for the exemption is their capital structure.  Unlike banks, credit unions may receive no sources of secondary capital such as stock or outside investments, and they are strictly limited to conservative investments, the vast bulk of which consist of loans to other members.  Banks can take local deposits and invest them virtually anywhere.  But because credit unions may serve only those in their community or affiliated organizations, more CU deposits are kept circulating in local economies. Both types of organizations play valuable roles in their communities, and very few of them shirk that role. What a bank or a credit union does with money in its community has mainly to do with its structure, ownership and mission.  Fortunately, consumers have a choice about which model they choose to support.

posted 2 years, 2 months ago
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I don't think there is such a survey available, but one place to start is the Oregon Business Magazine's list of the state's top-paid CEOs.  Of the top 40, six of them are bank CEOs.  None of them are credit union CEOs.  As a credit union CEO myself, I can tell you that my salary is set by the CU's volunteer board of directors, which is elected directly by the membership - one member, one vote.  Credit union CEO salaries are, like others, driven to some extent by the market.  But because credit union member/owners elect the board that sets the CEO salary, it's a more transparent system with reasonable controls built in.   The main difference is that if you think your credit union's CEO is being paid too much, you can choose to elect a board that reflects your desire to change that.  

posted 2 years, 2 months ago
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