The base salaries, bonuses/incentives and total compensation continue to increase for credit union CEOs, and the average CEO now makes more than $250,000 a year, according to the CUES 2013 Executive Compensation Survey.
The survey shows the average increase in base salary for credit union CEOs was 6.43%, compared to 6.43% in 2012 and 4.37% in 2011. The largest average base salary increase was 9.41% for CEOs who work at credit unions with $600 million to $999 million in assets.
That number is actually down slightly from the $260,807 that CUES reported as the average salary in its 2012 survey.
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