ECS Reports Disparity in Male vs. Female CEO Compensation
There’s a gap between the average base salary and bonus figures for male and female credit union CEOs, according to the preliminary findings of Executive Compensation Solutions’ 2011 employee and executive compensation survey.
“We are seeing that there is a high potential for women to reach executive-level positions at credit unions,” said Adam Zelinsky, director of operations for the Covina, Calif.-based compensation and benefits consulting firm.
The average salary for a male credit union CEO is $234,000 per year, while female credit union CEOs earn an average of $192,000 annually, Zelinsky said.
Men who hold CU CEO positions receive an average bonus of $28,000; the average bonus for women in the same position is $13,000, according to ECS.
“If more women held executive-level positions at credit unions, that could lead to an increase in their average base salary and bonus," Zelinsky hypothesized.
The 2011 ECS survey, which will be available in its entirety in November, is based on questionnaire responses from more than 200 CEOs of credit unions with $50 million or more in assets.
CUES recently announced the results of its 2011 Executive Compensation Survey, which indicated an upswing in credit union executive compensation across the board.