The salary outlook for credit union executives and rank and file employees reflects what’s been happening during the U.S. economic recovery. It’s still stuck in the slow lane, and no one really knows when it will change into the fast lane.
Hurry up and wait. That’s what credit union leaders and compensation experts are doing as they await the final rules from the NCUA and other regulators on incentive-based compensation.
If your paycheck shrank a little last year, you're not alone.
Former Continental Federal Credit Union president/CEO Tom Glatt Sr. voluntarily surrendered the keys to a 4,000-square-foot Sedona, Ariz., desert estate and in the process walked out on a nearly $1 million mortgage loan from his former employer.