Pay Increases Expected To Remain Below 3%

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MADISON, Wis.-Base pay increases for credit unions employees are expected to remain below 3% through 2011, according to a report released by CUNA last week.

The findings, released as part of CUNA's 2010-2011 Complete Credit Union Staff Salary:

• Among credit unions with $1 million in assets or more, the average 2009 percentage salary increase for management and non-management employees was2.59%. Base pay increases for 2010 and 2011 are lower, at approximately 2.2%.

• Roughly 30% of credit union employees did not receive a salary increase at all in 2009, and a similar percentage did not budget for 2010 wage increases and/or do not anticipate providing them in 2011.

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