From the editor
Later this year, CU Management will publish highlights from the CUES Executive Compensation Survey. Last year we reported that the median CEO total compensation for all assets was $289,576, with a predictably large gap in pay for CEOs at the smallest credit unions and those at organizations with $1 billion or more in assets.
The survey provides solid data for credit unions to use when creating their compensation strategies. You can help by sharing your credit union’s information in both our executive and staff salary surveys before the deadline on March 31.
Visit cues.org/ecs and cues.org/ess to complete the surveys and to see a list of frequently asked questions and step-by-step guides. Participants receive a 20% discount when they purchase the survey results. CUES Unlimited+ members get survey reporting access as part of their benefits.
“Credit unions who participate help by giving the industry valid data to rely on,” says Laura Lynch, products and services manager at CUES. “And, credit unions who access the results will have credible data to use to make sure their compensation packages are competitive—which is especially important right now, given today’s tight job market.”
Read more about last year’s survey and look for an overview of the 2020 data in the September issue of this magazine.
Another key date that’s fast approaching is the March 10 deadline for CUES Emerge applications. This new emerging leader program combines online learning, peer collaboration and an exciting competition component. Up to 30 applicants will be accepted into a six-week online course including live instruction and an opportunity to collaborate with other participants. All who successfully complete the course and a business case will receive the Certified Credit Union Manager designation. And one ultimate winner will be named the 2020 CUES Emerging Leader. Learn more and apply at cuesemerge.com.
This March issue of CU Management brings you a wealth of information. Our cover story, “Grow Your Slice of the Digital Pie,” will help you be smarter about what channels to use to share your credit union’s message and better use data to create great member experiences.
In the market for a new core system? Our feature article, “How to Select Core Tech,” explains why strategy needs to be at the center of your decision. “This is a huge investment at the heart of your ability to prosper,” says Sabeh F. Samaha, president of Samaha & Associates, Miami. “You need to do it right. It should take time, analysis, due diligence and a feel for the nuances.”
To find the right partner for whatever you need but can’t do in house, consider a CUES Supplier member. These trusted vendors are dedicated to the credit union industry. You can find an up-to-date list of them online at cues.org/supplierdirectory. cues icon