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CU Snapshot

 October '18September '18
# of CUs5,6475,653
Total Assets
($ billions)
Total Savings
($ billions)
Net Cap.
Loans to Savings85.8%85.5%
Loan Delinq.0.6%0.7%

         Credit Union Indicators

CEO compensation packages grow

The median offering for CUs' top leaders increased 7.6%.

The median total compensation in 2016 for CEOs from credit unions with assets of $100 million or more is $247,500.

That's up from $230,000 the prior year—a 7.6% increase, according to CUNA's 2016-2017 Total Compensation Report, CEO.

The 2016 figure increases with asset size, from a low of about $170,000 in credit unions with assets of $100 million to $200 million, to a high of just more than $660,000 in credit unions with assets of $2 billion or more.

A CEO's total compensation package is the sum of his or her base salary and any bonuses, incentives, benefits, and perks.

The aforementioned total compensation figures exclude any "regular" employee retirement, pension, and profit sharing contributions made on the CEO's behalf, as well as any supplemental executive retirement plan contributions.

Almost half (43%) of CEOs in credit unions with $100 million or more in assets have a written employment contract or agreement with the credit union's board of directors. This is consistent with past trends.

The median length of these contracts is three years, although nearly 40% of them cover five years or more.

Among other things, employment contracts address wages, benefits, perks, termination, and variable pay, and they define the responsibilities of both the employee and the credit union.