MADISON, Wis. (8/12/14)--The Credit Union National Association has released its 2014-2015 Staff Salary Report, which features an analysis of salary information for the credit union industry.
"This is the most dynamic time of the year for decision-making on compensation and salary packages," said Jon Haller, CUNA director of market research and consumer education. "The data and trend analyses in this report provides valuable guidance year-round, but it makes a huge difference to be able to pick up where the industry left off and make immediate, competitive adjustments to your compensation plans."
Among the findings in CUNA's report: Nearly 30% of credit unions plan to add full-time employees to their payrolls in 2014--an increase from overall figures of 25% in 2013 and 20% in 2012. In credit unions with $200 million or more in assets, a full 60% plan to expand their employee numbers this year (News Now July 11).
On average, credit unions plan to add 3.9 full-time employees. That number rises with asset size, hitting 37 expected additions for credit unions with assets of $3 billion or more.
Assembled to keep credit union compensation programs competitive, the 2014-2015 CUNA Staff Salary Report provides a comprehensive analysis of industry-specific data from across the nation. It features compensation breakdowns for 90 credit union positions--including the CEO--and 10 part-time positions, providing asset-categorized data on base salaries, incentives, bonuses, total cash compensation, salary ranges and trend analysis for each.