Credit Union Pay Today: Data, Trends and Analysis Tools

From a past episode of the CUES Podcast, we already know that Scott Hackworth is an able data guy. In this show, he talks about the compensation data and corresponding trends that stand out in this year’s CUES Executive Compensation Survey and CUES Employee Salary Survey.

He also describes the suite of data analysis tools included in the CUES compensation surveys and how they may be helpful to both credit unions and their team members.

“The year-over-year comparisons are still very high,” in the latest survey data, Hackworth says in the show. He is a CPA and president of Industry Insights, CUES’ partner in producing the annual surveys. This year’s increases are in the “high single digits, whereas in ‘21, it had been the low double digits. But we’re still in that 7, 8, 9% year-over-year change—and that’s on a same-sample basis. So, looking at the same groupings of companies, same employees largely, we are seeing 7, 8, 9% pay increases. That’s significant."

In addition to the overall upward trend, Hackworth talks about significant increases for CEOs and chief member solutions officers. Then he describes how to use the data analysis tools included in the CUES survey offerings. 

Listen in to get all the details.

Links for this show:

• CUES Executive Compensation Survey
• CUES Employee Salary Survey
• Industry Insights
• CUES’ CU Management magazine’s coverage of the surveys in its October 2023 issue