THE WOODLANDS, Texas - (08/24/05) From Spring 2004 to Spring 2005, mediansalaries for staff level credit union employees climbed 3.5% whilethose of executives increased 3.6%, according to the D. HiltonAssociates 2005 Summer Staff and Executive CompensationSurveys. In addition, D. Hilton said variable pay in credit unioncompensation programs continued to increase in importance,supporting the pay-for-performance models many CUs now choose. Atthe staff level, 63% of the jobs covered by the DHA surveys are noweligible for variable pay, up from 52% a year ago, D .Hilton found.On the executive side, non-base salary components now comprise morethan 50% of total compensation.
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Two former members of the Federal Open Market Committee said in interviews that they expect the Federal Reserve to keep rates steady amid uncertainty over the ongoing war with Iran and the resulting upward pressure on inflation.
March 27 -
Goldman Sachs Chief Legal Officer Kathryn Ruemmler received an 11% pay hike last year, bringing her total compensation to $25 million; U.S. Bank promoted Toby Clements to chief operations officer; Klarna is expanding its forward-flow and whole-loan sale deal with Elliot Investment Management to $2 billion; and more in this week's banking news roundup.
March 27 -
Carter Bankshares in Martinsville, Va., sold more than $200 million of loans made to companies controlled by Sen. Jim Justice and his family, closing out a once close relationship that later descended into rancor and litigation.
March 27 -
The Federal Deposit Insurance Corp.'s Office of Inspector General said in a Thursday report that staffing cuts over the past year could strain supervision and the agency's response to a crisis.
March 27 -
The latest rise in property tax collections at the end of last year continued a nine-quarter streak of increases, according to the National Association of Home Builders.
March 27 -
American Banker data finds that regulatory clarity is the top ask from executives holding back on adoption planning.
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