FOXNews' Happening Now program was critical Thursday morning of credit union CEO compensation, questioning whether credit unions should keep their tax-exempt status in a segment that appeared to have been prompted by banking lobbyists.
The segment, available on the FOX NEWS website, focus on retired President/CEO David Maus of the $1.1 billion Public Service Employees Credit Union of Denver, who earned more than $11 million in 2010. Maus' 2010 pay included a $9.3 million one-time retirement payout.
Reporter Alicia Acuna inaccurately stated during the segment that credit union membership doubled in 2011.
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