As consultants in the credit union movement, we often hear, “Our CEO is planning to retire in five years, and we haven’t put any kind of retirement program in place. What can we do now?”
Average compensation for CFOs jumped 18% from 2011 to 2012 at financial institutions with assets of $25 million to $2 billion, according to an analysis by Chicago-based accounting and consulting firm BDO USA.
Consultancy survey finds jump at financial institutions with assets up to $2 billion. Banking CEOs take up 10% in same period.
PHOENIX—Of the 255 CEOs hired by credit unions in the past 18 months, 64% have promoted or hired CFOs.
Credit union boards collectively have many talents. With the NCUA mandate to diversify skill sets within the board more than ever, many areas of board responsibilities require directors to learn and seek consultation. One such subject that usually calls for extra help due to its complexity is CEO long-term benefits....
Bankers pay for analysis from consultant Marvin Umholtz; NWCUA fires back.
CUES said it has partnered with Carlson Dettmann Consulting LLC of Madison, Wis., and Intelligent Compensation LLC of Pflugerville, Texas.
NAFCU's Fred Becker made $645,998 last year; CUNA's Bill Cheney came in at $1,129,651.
FOXNews’ Happening Now program was critical Thursday morning of credit union CEO compensation, questioning whether credit unions should keep their tax-exempt status.