Credit union CEO’s  million salary prompted Clark Howard to say management may kidnap him to enrich themselves

Credit union CEO’s $13 million salary prompted Clark Howard to say management may kidnap him to enrich themselves

A $13 million annual salary as CEO at a member-owned credit union indicates governance drift and extracts millions directly from members through fees, rate differentials, and lower returns on savings before any other operating costs are incurred. This criticism applies to credit union members who assume the nonprofit structure automatically offers better rates and fees,…

Read More