Bombshell Report! Whitefish Credit Union CEO Making Millions While Members (Owners) Get Nothing

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Tax records indicate that Whitefish Credit Union CEO James Kenyon’s salary is close to 10 times the national average, while members report that they have not received any dividends, ever.

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James Kenyon, III, the CEO of Montana’s largest credit union, Whitefish Credit Union (WCU), continues to come under scrutiny after NorthWest Liberty News reported that WCU sold a property in 2022 for $4 million and failed to record the sale as required in the 5300 Report sent to the NCUA.

After our initial finding on the $4 million property, investigators have uncovered at least one more member who had a property foreclosed on, in which the record of that transaction also failed to appear on the 5300 Report.

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As previously reported on several occasions, members of WCU, including Montana Senator Mark Noland, want to know where the $4 million dollars ended up because it wasn’t put in the official report as required. WCU CEO James Kenyon should be compelled to provide an answer and members want the Sheriff to assist.

NorthWest Liberty News had previously received reports of a $1 million bonus for Kenyon, but the information that we received was in error because the actual date of the payout was 1 year earlier than originally thought. We have cleared up that oversight and now have proper receipts.

Before we dive into the weeds a bit on the Kenyon compensation plan, let us first compare what a CEO of a credit union makes in states besides Montana, then we will display the national average. If you’re a WCU member, you might want to sit down.

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As one can see from the data, although a credit union CEO is a respectable job with a decent salary, you’re not likely going to make millions unless you engage in some savvy outside investments and are successful in that endeavor.

For James Kenyon, outside investment doesn’t seem to be necessary because Kenyon is making bank while working a 40-hour week, at almost 10 times the national average, while every credit union member that we spoke to has yet to see one dime from dividends, ever. In 2017, Kenyon made $1.4 million+ in compensation, and 2018 he made over 800K, with bonuses

I have listed Kenyon’s compensation for the years 2017 and 2018 below. Make special note that in 2017 Kenyon received a 1 million dollar bonus, while the owners of the bank were left holding the bag. You can view the tax returns in their entirety by clicking the following links. 2017 Taxes 2018 Taxes

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Click Images to Enlarge

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If you are a WCU member and wish to become involved in the investigation into the missing money, use the following e-mail: nwlnews@protonmail.com

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