this is a report about board directors, but you can see it on page 18, the average board director comp is $211k, and one of the directors was at $2M - because they are also the CEO (it could be for one of the coops too, maybe not necessarily a credit union).
There are small ones obviously, like super community focused ones that aren’t maybe the big bloat fests the bigger ones are. But there’s also a tremendous amount of consolidation at the credit union levels going on, and they ain’t going to be doing that for cookies and kumbyas like the reddit crowd thinks they will be.
I’ve worked in treasury and finance long enough to know the credit unions can be pretty big troughs too. Again not all of them, but do your research. It ain’t S&L like the yanks, but it also isn’t a layer of innocence.
If you have specific examples or sources I would be very interested to read up on this. Thanks!
For example, Servus CEO - 1.63 million on 2023 financial statements
https://usaskstudies.coop/documents/research-reports/2025-co-ops-and-credit-unions-report-from-the-board-room.pdf -
this is a report about board directors, but you can see it on page 18, the average board director comp is $211k, and one of the directors was at $2M - because they are also the CEO (it could be for one of the coops too, maybe not necessarily a credit union).
There are small ones obviously, like super community focused ones that aren’t maybe the big bloat fests the bigger ones are. But there’s also a tremendous amount of consolidation at the credit union levels going on, and they ain’t going to be doing that for cookies and kumbyas like the reddit crowd thinks they will be.
I’ve worked in treasury and finance long enough to know the credit unions can be pretty big troughs too. Again not all of them, but do your research. It ain’t S&L like the yanks, but it also isn’t a layer of innocence.