Compensation trends. Source: CUES
After years of steady increases in CEO base salaries and bonuses, credit unions of all asset sizes have slightly pumped the brakes on wages and bonuses for their top executives because of uncertainties in the U.S. economy, according to CUES' Executive Compensation Study for 2019.
Among the deferred compensation plans used to retain executive talent, however, credit unions will have more certainty in avoiding paying the new 21% excise tax on executive compensation thanks to recent regulation changes, Andy Roquet, a senior executive benefits specialist for CUNA Mutual Group, reported.
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