The latest CUES Executive Compensation Survey indicates anupswing in CU executive pay this year. And as credit union boardchairmen and one compensation consulting firm explain, thecompensation determination process has become more complex andvaries from credit union to credit union.
According to the CUES survey, which comprised 467 respondents,the average base salary for credit union CEOs increased 4.37% in2011, as opposed to 3.62% in 2010. Total CEO compensation increased by 5.07% in 2011, an uptickfrom 2.39% in 2010, and the rate of increase for salary plus bonuswas 5.01% this year, compared with 2.54% in 2010.
CUES also found base salary increases among other CU executivesranged from 3.04% for business lending executives to 7.30% forbusiness development managers.
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