Mission
THE MISSION OF THE VBA IS TO ENHANCE BANKING'S ABILITY TO COMPETE EFFECTIVELY AND PROFITABLY IN THE MARKETPLACE.
Executive compensation, broken down
Form 990 · Schedule J · 8 reported individuals · Filing year 2024
President & CEO
$538k
$570k
- Base
- $268k
- Bonus
- $101k
- Other
- $31k
- Benefits
- $11k
Executive VP
executive vice president
$194k
$206k
- Base
- $127k
- Bonus
- $32k
- Other
- $1k
- Benefits
- $12k
General Counsel & Corp Secretary
secretary (operational)
$116k
$123k
- Base
- $65k
- Bonus
- $17k
- Other
- $55
- Benefits
- $8k
Senior Vice President
senior vice president
$75k
$79k
Chief Financial Officer
$51k
$54k
- Base
- $15k
- Bonus
- $6k
- Other
- $240
- Benefits
- $1k
COO & President, Vba Benefits Corp
$30k
$32k
Svp, Member Services, Vba Msi
senior vice president
$18k
$19k
VP Member Services, Vba Benefits Corp
vice president
$17k
$18k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President & CEO | $268k | $101k | $31k | $11k | $538k $570k |
Executive VP executive vice president | $127k | $32k | $1k | $12k | $194k $206k |
General Counsel & Corp Secretary secretary (operational) | $65k | $17k | $55 | $8k | $116k $123k |
Senior Vice President senior vice president | — | — | — | — | $75k $79k |
Chief Financial Officer | $15k | $6k | $240 | $1k | $51k $54k |
COO & President, Vba Benefits Corp | — | — | — | — | $30k $32k |
Svp, Member Services, Vba Msi senior vice president | — | — | — | — | $18k $19k |
VP Member Services, Vba Benefits Corp vice president | — | — | — | — | $17k $18k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 25 unpaid individuals.
Held steady
from 2023
From $535k in 2023 to $538k in 2024.
$535k
2023
$538k
2024
$535k
2023
$538k
2024
In today's dollarsEst.
Down 2% in real terms$584k to $570k
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend
Revenue and expenses over time
VIRGINIA BANKERS ASSOCIATION reported revenue and expenses across 2 filing years.
RevenueExpenses
$2.1M
$1.4M
2023
$2.1M
$1.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
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