Compensation Update: Proceeding with caution
2019 CUES Executive Compensation Survey shows salary and bonus hikes—but at a rate that reflects economic uncertainty.
While credit union CEOs and other executives received healthy salary hikes and bonuses over the past year, the pace of those increases slowed slightly as compared to 2018 for more than half the positions included in the 2019 CUES Executive Compensation Survey.
The median base salary for CEOs in this year’s same-sample survey results (limited to credit unions participating in both years to more clearly indicate trends) is $275,992, up 6.9% over 2018, while the $333,271 in base plus bonus pay is a 7.1% increase and total compensation of $345,021 reflects a 6.8% increase.
“While increases for some of the positions have slowed a little bit, they are still much higher than the 3.1% that the World at Work survey identifies as increases across all sectors,” says Michael Becher, CPA, vice president of Industry Insights, Dublin, Ohio, which administers the CUES survey.
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