WASHINGTON (8/19/13)--Many credit union CEOs are planning to expand their work forces and pay existing employees more in the near future. This expansion shows that "credit unions are taking advantage of an improving economy..., rewarding their workers for helping them and their members get through the tougher days of the recession, and positioning themselves to help their credit unions grow and deliver more services to members," Credit Union National Association President/CEO Bill Cheney said in this week's edition of The Cheney Report.
The CUNA CEO detailed the results of CUNA's 2013-14 Staff Salary Report, which shows:
And, as credit unions move forward in this improving economy, Cheney said CUNA will find new ways to get credit union volunteers more involved. In the report, he cited recent comments from CUNA Chairman Pat Wesenberg. "We all know the incredible contributions that volunteers have made to the success of the movement--and how critical they are for our future," Wesenberg said. "With the many challenges before credit unions today--particularly in reducing the regulatory burden, addressing the issues of small credit unions and preserving our tax exemption--this added voice to our board deliberations is most welcome," she added.
Other topics touched on in this week's Cheney Report include:
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Past issues of The Cheney Report are also archived on cuna.org.