MADISON, Wis. – Credit union recruitment and retention remains a credit union priority as a recently released CUNA survey finds.
According the to the 2006 Complete Credit Union Staff Salary Survey, published by CUNA's Center for Research and Advice, credit unions reported retaining 78% of employees, down from 84% last year.
While there is no shortage of people to work, the challenge of skills matching jobs has forced many employers to cast a wider net when recruiting, which may include utilizing the Internet, job boards, company Web sites, and even retirees.
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The report finds that loyalty is one of the key components to employee retention and that means staffers not only have to feel valued, but should also share the same values as the organization.
"In order for credit unions to recruit and retain top talent, they may want to consider becoming more flexible in hours and compensation," said Beth Soltis, senior research analyst for CUNA's Center for Research and Advice.
The survey provides base salaries, incentives, bonuses, total cash compensation, and salary ranges for 89 full-time and eight part-time positions at credit unions with $1 million or more in assets. The report also contains job descriptions, bank comparisons, and breakdowns by various peer comparison criteria.
A PDF version is available immediately and the print version will be available in August. CUNA also offers the Geographic Customized Salary Survey and the Online Peer Comparison to purchasers of the static survey report. The customized geographic report provides the purchaser with average and median base salaries, in addition to percentile figures, for selected cities or geographic areas.
For more information on CUNA's 2006 Complete Credit Union Staff Salary Survey visit buy.cuna.org.
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