Despite increases, credit union CEO salaries lag behind banks and haven't kept pace with increased job demands.
CEO salaries, young board members, the proliferation of tech tools and a meaty infographic are included in this Focus Report.
PHOENIX—Of the 255 CEOs hired by credit unions in the past 18 months, 64% have promoted or hired CFOs.
NAFCU's Fred Becker made $645,998 last year; CUNA's Bill Cheney came in at $1,129,651.
The average credit union CEO now makes $260,807 a year, according to the 2012 CUES Executive Compensation Survey released Tuesday.
SAN DIEGO — Without a proper executive benefits package for the entire executive team, credit unions risk losing potential CEO replacements to organizations, competing banks and other credit unions, said CUNA Mutual Group’s Scott Albraccio, executive benefits sales manager, during a breakout session at America’s Credit Union Conference.