WASHINGTON (8/19/13)--Many credit union CEOs are planning to expand their work forces and pay existing employees more in the near future. This expansion shows that "credit unions are taking advantage of an improving economy..., rewarding their workers for helping them and their members get through the tougher days of the recession, and positioning themselves to help their credit unions grow and deliver more services to members," Credit Union National Association President/CEO Bill Cheney said in this week's edition of The Cheney Report
The CUNA CEO detailed the results of CUNA's 2013-14 Staff Salary Report, which shows:
One in four credit unions will add full-time employees to their payrolls this year, with the proportion of new workers being brought in increasing with asset size; and
Four in every five credit unions plan to provide pay increases to their workers.
And, as credit unions move forward in this improving economy, Cheney said CUNA will find new ways to get credit union volunteers more involved. In the report, he cited recent comments from CUNA Chairman Pat Wesenberg. "We all know the incredible contributions that volunteers have made to the success of the movement--and how critical they are for our future," Wesenberg said. "With the many challenges before credit unions today--particularly in reducing the regulatory burden, addressing the issues of small credit unions and preserving our tax exemption--this added voice to our board deliberations is most welcome," she added.
Other topics touched on in this week's Cheney Report
The latest developments in the Federal Reserve's ongoing interchange case;
News about future National Credit Union Administration Board Member Richard Metsger; and
A "Don't Tax My Credit Union" campaign update.
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