Find out how credit unions staying competitive in today's changing marketplace with this helpful information from CUNA's Compensation Resources.

1. How are credit unions
staying
competitive
IN today’s changing
marketplace?
© Credit Union National Association 2015

2. CUNA’s market research team
received information
from over
1,300credit unions
gathered
data on
90full time
positions
10part time
positions
&

3. Did you know 41%of credit unions
have established formal salary ranges
in 2015? This number is up from 34%
in 2014.
How are credit unions
staying competitive in today’s
changing marketplace?
Creating formal salary ranges

4. How are credit unions staying
competitive in today’s
changing marketplace?
Offering variable pay options
Variable pay [vair-ee-uh-buh l] [pey] – direct compensation
that does not become a permanent part of base pay/salary
and which may vary in amount from period to period. Variable
pay typically comes in the form of bonuses and/or incentives.

5. Who is earning variable pay?
at credit unions with $100M or more in assets
75%OF CEOS
75-80%OF SENIOR
EXECUTIVES
credit unions with $100M or more in
assets offer some form of variable pay.9OUT OF10
&

6. What criteria is being used
to determine variable pay?
ROA, ROE or ROI
Loan growth
Net income
Membership growth
Board evaluation
Personal performance
Delinquency reduction
Savings growth
CAMEL rating*
Gross income
Number of new services added
73%
71%
58%
53%
41%
31%
31%
27%
21%
14%
8%
*CAMEL - capital adequecy, asset quality, management, earnings, and asset/liability management

7. How are credit unions staying
competitive in today’s
changing marketplace?
Offering BENEFITS
Most commonly offered benefits include:
// Life insurance
// Health/medical insurance
// Disability insurance

8. How are credit unions staying
competitive in today’s
changing marketplace?
Setting competitive salaries
In 2015, credit unions with assets
of $100M or more budgeted, on
average, a 4.3% increase in
salary for their CEO.$

9. CUNA’s research reports
have information that will
help your credit union to:
// Set annual budgets
// Offer competitive staff salaries
// Attract and retain top talent
// Provide complete benefit packages
// Compare your credit union to your peers

10. LEARN MORE AND
get access
to credit union-specific data at
cuna.org/compensation