Press
Executive Compensation Increases on the Upswing According to CUES Executive Compensation Survey
For more information, contact:
Christopher Stevenson
CUES VP/Marketing & Professional Development
800.252.2664 or 608.271.2664, ext. 5315
christopher@cues.org ● cues.org
MADISON, Wis. –Executive compensation increases have gone up in 2011, in comparison with recent years. According to the current CUES Executive Compensation Survey, from the Credit Union Executives Society and administered by enetrix, Middleton, Wis., the average base salary for credit union CEOs increased 4.37% in 2011, as opposed to 3.62% in 2010.
Total CEO compensation increases have also seen a boost. The rate of increase for base salary plus bonus was 5.01% this year, compared with 2.54% in 2010, and the increase in total compensation averaged 5.07%, up from 2.39% the previous year.
This survey—composed of 467 respondents, 77% of which participated last year—also indicate that board evaluations were the most common factor in setting incentive pay, identified by 57.8 % of respondents, followed by earnings, 57.1%; loan growth, 35.5%; membership growth, 21.3%; and member satisfaction, 20.9%.
Among other executives, base salary increases ranged from 3.04% for business lending executives to 7.30% for business development managers. In terms of total compensation, the percentage change for all executive positions was significantly higher than the increases awarded in 2010—more than two percentage points in many categories.
For more information on CUES Executive Compensation Survey and CUES Employee Salary Survey, or to participate, visit survey.cues.org ( http://www.survey.cues.org ). To purchase survey results, contact CUES Survey Support at 866.508.0744, or e-mail surveysupport@cues.org.
The Credit Union Executives Society is a Madison, Wisconsin-based, independent, not-for-profit, international membership association for credit union executives. CUES’ mission is to educate and develop credit union CEOs, directors and future leaders.
###