Based on 2019 data from 330 responding credit unions, the 2020 CUES Executive Compensation Survey showed the average total compensation increases ranged from 5.1% for COOs to 7.9% for CEOs. The top four factors driving CEO compensation (bonuses) were earnings, board evaluation, loan growth, and membership growth.
This information was merely scratching the surface of what CUES discovered in its annual survey. To get more details, we invited CUES Product and Service Manager Laura Lynch and CPA Michael Becher on the program. Both Laura and Michael provided the significance of these increases, along with why this information is so important to credit unions' future hiring practices, budgeting, and more.
Check it out and let us know your thoughts.
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.