MADISON, Wis. - (07/28/06) Salaries for credit union CEOscontinue to rise faster than in most of the rest of theeconomyabout 8.5% last year, according to the 2006 CUESExecutive Compensation Survey. CEOs at the largest credit unions,those with assets of $1 billion or more, got even better raises, anaverage 9.6% increase. Almost 80% of credit union CEOs reportedreceiving a bonus or some kind of incentive payments. Still,significant differences continue to exist between total cashcompensation paid to bank executives and credit union executives,according to CUES. While base salaries are comparable, the bigdifference lies in bonus and/or incentive pay, CUES said. It notedthat it found a greater emphasis on at riskcompensation, like bonus and incentives, among larger creditunions; for the largest organizations, an average of 22.6% of payis 'at risk,' compared to only 7.9% for smaller creditunions.
-
As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3