Lower Raises Expected In2005

MADISON, Wis. - (12/13/04) -- Credit union employees from CEOs ondown can expect to see their salaries grow by a little less in 2005than they did in each of the past two years, according to CUES'Employee Salary Survey. According to responses from 605 creditunions participating in the survey, executives can expect averagepay raises of 4.3% next year, down from 4.5% this year, and 4.8% in2003. Similarly, salaried employees can expect raises averaging3.9% in the coming year, down from 4% this year and 4.2% last year.For non-salaried workers, pay raises are expected to stay the sameas this year, around 3.8%, compared to 4% last year.