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CUNA Research Reports

CU Snapshot

 October '18September '18
# of CUs5,6475,653
Members
(millions)
118.3117.6
Total Assets
($ billions)
$1,470.9$1,460.7
Total Savings
($ billions)
$1,239.1$1,231.6
Net Cap.
Assets
10.8%10.8%
Loans to Savings85.8%85.5%
Loan Delinq.0.6%0.7%

         Credit Union Indicators

QUICK TAKE: Compensation trend

More CUs are using salary ranges to set employee pay.

About 45% of credit unions with assets of $1 million or more have formal salary ranges—established minimums, midpoints, and maximums—for their various positions, according to CUNA's upcoming 2016-2017 Staff Salary Report.

That's up from 34% in 2014.

The percentage of credit unions with established salary ranges generally increases as asset size increases, from less than 10% among those with assets of under $5 million, to 90% or more among credit unions with assets of $500 million or more.

JON HALLER is CUNA's director of corporate and market research.