CUNA releases 2021-2022 compensation resources for credit unions
July 29, 2021
CUNA announced the release of 2021-2022 credit union compensation information Thursday including CUNA Staff Salary Report, CUNA Compensation Analytics, CUNA CEO Total Compensation Report and CUNA Senior Executive Total Compensation. Data for the reports was gathered this year from over 1,000 credit unions across the country and from all asset sizes.
It includes a cost of labor multiplier to adjust for states and over 400 cities. The information is useful for CEOs, HR teams and boards to attract and retain the best candidates in the current fluid labor market.
“These are important resources for credit unions in the current hiring landscape to help ensure compensation is on target,” said James Carrick, vice president at CUNA. “The unprecedented shifts we are seeing in the labor market are challenging to navigate. By using the CUNA reports, HR staff and leaders can compare data and make informed decisions on hiring to build and retain their teams.”
“Many thanks to all those credit unions who participated to make this valuable resource available,” said Dayna Johnson Schmitt, CUNA product manager. “We appreciate the effort as we know that staff at credit unions are juggling many priorities at this time.”
The 2021-2022 CUNA Staff Salary Report, CUNA Compensation Analytics, CUNA CEO Total Compensation Report and CUNA Senior Executive Total Compensation Report all offer a comprehensive look at the following:
Credit Union Magazine’s Spring 2023 issue features the 2023 Credit Union Heroes and examines CUNA-League advocacy priorities, board leadership, the impact of financial well-being efforts, fee-related compliance issues, predictions for the year ahead, and more.
