MADISON, Wis.—Chief operating officers have seen the biggest pay increases over the past year at credit unions, according to new data released by CUES.
The just-released CUES Executive Compensation Survey and/or CUES Employee Salary Survey offer updated info on salary and compensation trends across the country.
Among the findings, according to CUES:
• Comparing individuals over time, CEO base salary saw an increase of 7.5% and a total compensation increase of 7.6%
• COOs saw the largest total compensation increase of 9.2%
• The top four factors leading to CEO’s bonuses were earnings, board evaluation, loan growth, and membership growth
• 22.2% of CEOs were reported to have their CCE designation
The surveys were open from Jan. 1 to March 31. An executive summary of the survey results is now available to subscribers.
For more info: cues.org/ECS and cues.org/ESS.