ARLINGTON, Va.–NAFCU reported $535,990 in net revenue on $13.1 million in total revenue during 2014, according to its just-released IRS form 990. That’s up from $270,457 and an almost identical $13.1 million in 2013.
As is always the case, the bulk of NAFCU’s revenues come from member dues ($7.5 million), followed by conferences and events ($3.3 million) and the sale of other products and services ($629,325).
As is always the case, too, the bulk of the association’s expenses comes from wage and benefits at $4.6 million.
NAFCU reported it paid CEO Dan Berger $658,934 in total compensation during 2014, followed by EVP/COO Anthony Demangone ($438,690); SVP-Government Affairs and General Counsel Carrie Hunt ($278,613); VP-Legislative Affairs Brad Thaler ($201,325); VP-Events and Education Lisa Cox ($153,717) and VP-Information Technology Eric Miller ($146,204).
NAFCU reported total net assets/funds balances of $11.2 million. A copy of NAFCU’s 2014 990 is available in CUToday.info’s free Open Vault.