ARLINGTON, Va.—NAFCU has released a new salary comparison report that compiles salary survey data at the state and metropolitan statistical area level for selected credit union occupations.
The report allows credit unions to track compensation trends for a wide variety of professions that are most common in the industry.
“This new report gives credit unions the opportunity to compare their staffs’ salaries with other institutions that they are competing against for top talent,” said NAFCU Chief Economist Curt Long. “It’s a great benchmark for credit unions so they can assess their operations.”
The report assembles data from the Occupational Employment Statistics survey released annually by the Bureau of Labor Statistics. It comes in three separate files by state, which are each available for downloading by NAFCU members via the trade association’s website.
“As we approach budget season, this report is going to be a great tool for NAFCU members in determining the salary dynamics of their local markets,” said NAFCU Executive Vice President and COO Anthony Demangone.
The report follows the 2015 NAFCU Executive Compensation and Benefits Survey, which was released in June at the trade association’s annual meeting in Montreal.