Newsroom

July 27, 2015

NAFCU launches new salary comparison report for CUs

Credit unions can track compensation trends for a wide variety of professions that are most common in the industry with NAFCU's new salary comparison report.

The report compiles salary survey data at the state and metropolitan statistical area (MSA) level for selected credit union occupations. It is assembled from the Occupational Employment Statistics (OES) survey figures released annually by the Bureau of Labor Statistics.

"This new report gives credit unions the opportunity to compare their staffs' salaries with other institutions that they are competing against for top talent," said NAFCU Chief Economist Curt Long. "It's a great benchmark for credit unions so they can assess their operations."

The report comes in three separate files by state, which are each available for downloading via NAFCU's website.

"As we approach budget season, this report is going to be a great tool for NAFCU members in determining the salary dynamics of their local markets," said NAFCU Executive Vice President and COO Anthony Demangone.

NAFCU's Salary Comparison Report is only available to the association's members.