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This episode features an update on how credit unions pay their executives.
Good news for credit union executives: According to the 2017 CUES Executive Compensation Survey, compensation is up across the board by 3 percent to 8 percent depending on the position.
In Episode 31 of the CUES Podcast, I spoke with Michael Becher, CPA, vice president at Industry Insights, Inc., the company that facilitates CUES’ salary surveys.
The CUES Executive Compensation Survey gathers data on 19 high-level positions and allows users to compare their data to peer groups.
Users can filter by asset size, region, membership size, metro size, education level and years of experience in the financial services industry. They also can filter by people who have earned the Certified Chief Executive designation. (Credit union execs earn their CCE when they attend all three weeks of CUES’ CEO Institute and complete two between-segment assignments.)
“It’s great for data geeks, like me,” says Becher, adding that most people chose to filter by asset sized and region.
In the podcast, Becher shares some trends related to credit union compensation.
“Credit unions continue to see good growth on a compensation-level basis,” he says. “It seems to be a good thriving industry in terms of compensation increases compared to the general public.”
Some key takeaways from the episode include:
- the purpose of salary surveys;
- trends in credit union executive compensation; and
- and how to obtain and best use survey results.
Listen to my conversation with Michael Becher.
The CUES podcast is an audio program hosted by James Lenz, CUES professional development manager. James talks to credit union and cross-industry experts for their perspectives on trends and topics that matter to you.
