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CUES Reports Uptick in Executive Compensation

The latest CUES Executive Compensation Survey indicates an upswing in CU executive pay this year. And as credit union board chairmen and one compensation consulting firm explain, the compensation determination process has become more complex and varies from credit union to credit union.

By Natasha Chilingerian | Updated on September 18, 2011

The latest CUES Executive Compensation Survey indicates an upswing in CU executive pay this year. And as credit union board chairmen and one compensation consulting firm explain, the compensation determination process has become more complex and varies 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% in 2011, as opposed to 3.62% in 2010. Total CEO compensation increased by 5.07% in 2011, an uptick from 2.39% in 2010, and the rate of increase for salary plus bonus was 5.01% this year, compared with 2.54% in 2010.

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Natasha Chilingerian

Natasha Chilingerian

Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.

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