MADISON, Wis. – CUES’ credit union executive compensation survey is well-known, but now the association said it is going to conduct its first-ever salary and bonus survey of credit union staff positions. CUES will partner with Survey Research Associates LLC, Madison, Wis., to survey more than 80 CU staff positions. Survey Research Associates is the same firm that conducts the CUES Executive Compensation Survey. The report of survey findings, CUES Employee Salary Survey, will be released in November. “Credit unions need this information; they’ve told us so. But in order to give our members the most accurate, relevant data possible, we need to ensure that credit unions complete the survey. The larger our pool of respondents, the better our research results will be,” said CUES President/CEO Fred Johnson. Johnson encourages credit unions of all sizes to complete the survey, describing survey participation as a “great way for leaders to help each other.” The survey will be delivered electronically and updated on a regular basis by survey participants. “This real-time information will offer the most accurate, current staff salary information available in the credit union industry,” said Rosemary Tenuta, sales and marketing manager for Survey Research Associates. Credit unions can participate in the salary survey online at www.salaries.com/cues or by calling (608) 662-0057. The CUES Employee Salary Survey will feature a “job writer” tool, to assist CUs in writing job descriptions. The 2001 CUES Executive Compensation Survey found that the median base salary for CU CEOs across all asset sizes was up 8.05% to $108,150, up from $100,000 last year. IT executives saw the greatest increase in pay this year, with their total compensation jumping by 10.42%.
The equity distribution was the second since the Temporary Corporate Credit Union Stabilization Fund was merged with the SIF.
The drop suggests the housing market is still struggling as buyers strain to find affordable options.
PSCU also announced that almost 50% of its employees completed training on the significance of the credit union movement.
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