Additionally, more than 70% of credit unions based their CEO's incentive award on earnings – ROA, ROE or ROI – and loan growth, while net income and membership growth served as secondary incentive criteria, according to the CUNA reports.

Among senior executives, which included executive vice presidents, COOs, chief information officers and CFOs, who worked at credit unions with $100 million or more in assets, the median base salaries ranged from about $120,000 to $135,000, according to the CUNA reports. These median base salaries increased as the asset size of the credit union increased.

Similar to CEOs, the reports also showed that about 75% to 80% of senior executives earned a median variable pay that ranged from approximately $6,500 to $10,000, depending on the position.

For senior executives, up to 65% of credit unions used three factors – earnings, loan growth and net income – to determine incentive awards, according to the reports.

The reports categorize their data according to several key parameters, such as asset size and region, which can provide credit unions with reference compensation data from similar credit unions.

“With reliable information on CEO and senior executive compensation in such short supply, these reports offer a comprehensive resource for credit union compensation planning,” Jon Haller, director of corporate and market research at CUNA, said in a prepared statement. “The reports provide assistance on all compensation decisions, from base salary to retirement benefits.”