Compensation collaboration

From the editor

Later this year, CU Management will publish highlights from the CUES Executive Compensation Survey. Last year we reported that the median CEO total compensation for all assets was $289,576, with a predictably large gap in pay for CEOs at the smallest credit unions and those at organizations with $1 billion or more in assets.

The survey provides solid data for credit unions to use when creating their compensation strategies. You can help by sharing your credit union’s information in both our executive and staff salary surveys before the deadline on March 31.

Visit cues.org/ecs and cues.org/ess to complete the surveys and to see a list of frequently asked questions and step-by-step guides. Participants receive a 20% discount when they purchase the survey results. CUES Unlimited+ members get survey reporting access as part of their benefits.

“Credit unions who participate help by giving the industry valid data to rely on,” says Laura Lynch, products and services manager at CUES. “And, credit unions who access the results will have credible data to use to make sure their compensation packages are competitive—which is especially important right now, given today’s tight job market.”

 

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