It looks like 2010 was a rough year, Dean only got a 3.5% raise. His compensation increased to $1,038,176 in 2010, as reported in November 2011. The members of Coast Central are a very generous bunch of people to keep Dean in the lifestyle to which he is accustomed. Other credit union members are misers in comparison. CEO Wayne Bunker of Provident Credit Union, which holds twice the assets of Coast, made only $677,101 in 2010.
Unfortunately, Dean fails to reciprocate. A comparison of Coast Central’s rates with those of Provident still shows Coast offering less interest on savings and checking and charging more on loans. That’s just natural. Coast needs more from its members to keep from turning its CEO into a pauper.
Provident tax filing: http://www2.guidestar.org/FinDocuments/2010/941/482/2010-941482957-07afa6e5-9O.pdf
Coast Central tax filing: http://www2.guidestar.org/FinDocuments/2010/941/287/2010-941287157-07cbe3dc-9O.pdf