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.
CUNA President/CEO Bill Cheney earned $1.34 million in 2012, according to the organization’s 990 tax forms released Aug. 15.
CUNA President/CEO Bill Cheney earned $1.34 million in 2012, according to the organization’s 990 tax forms.
Credit union CEOs who manage more than $250 million in assets earn more in base salary and total compensation than their banking counterparts do, according to the 2013 CUES Executive Compensation Survey, released Aug. 2.
Apples vs. oranges, industry types say, especially when talking about publicly traded banks.
Average raise was 6.43% this year. Average base salary $552,318 for billion-dollar credit unions.
For each credit union that participates, Executive Compensation Solutions will make a $10 donation to Credit Unions for Kids.
Company gathering pay, benefits data for 2013 report.