Callahan Clients, please log in for direct access to:
Learn What You're Missing
Upgrade Your Subscription
Thank you for your interest in reading the fantastic content we have on CreditUnions.com! However, the page you are trying to access is for subscribers-only. To learn more, select an option below.
All users must now log in to read, research, browse, and have fun on CreditUnions.com. Yes, we still offer freebies. And, yes, it’s worth the extra effort.
Print or PDF this article today because you won't have access to it later. Or, click here to learn how to get 24/7 access.
By CUES Director Membership
The Credit Union Executives Society has provided timely industry compensation data for nearly 45 years. According to its most recent CUES® Executive Compensation Survey, pay among the industry's top employees is rising, albeit at a lower percentage than in previous years.
A total of 608 credit unions completed the survey between May 1, 2008 and April 30, 2009. For the 85% of participants that provided data in the previous year:
During this time period, as in previous surveys, earnings, board evaluation, and loan growth were the top three factors in determining CEO bonus and incentive awards. Other credit union executives also received salary increases this year, but, again, at a lower percentage than in previous years. The average rate of increase for non-CEO positions was 5.64%.
CUES solicits data for its Executive Compensation Survey throughout the year, and the majority of contributing credit unions update salary figures at least once yearly. The survey includes representative compensation data for 14 executive-level positions.
CUES® Executive Compensation Survey and its sister product, CUES® Employee Salary Survey, are powered by compensation analysis and human resources consulting firm enetrix. Subscribers can access a monthly executive compensation report based on pre-determined asset sizes; they also have the option to pull data according to criteria such as retirement benefits, perks, and employment security. To participate in either survey, or for more information on CUES' surveys, visit survey.cues.org. To purchase survey results or to participate in either survey, contact CUES Survey Support at 866.508.0744 or e-mail firstname.lastname@example.org.
This sponsored content article is provided to the credit union community for shared insights and knowledge from a recognized solutions provider in the industry. Please note that the views and opinions offered here do not reflect those of Callahan & Associates, and Callahan does not endorse vendors or the solutions they offer.
If you are interested in contributing an article on CreditUnions.com, please contact our Callahan Media team at email@example.com or 1-800-446-7453.
March 8, 2010
Submit your email address to receive daily industry updates and web-only features.
P: (800) 446-7453 | F: (800) 878-4712
1001 Connecticut Ave. NW Suite 1001
Washington, DC 20036