First introduced in 2007, this annual survey was created to better understand the compensation and benefits offered to credit union executives. The report supports credit union boards and executives in making data-driven decisions about total compensation.

The 2024 report includes data from 725 credit unions and their 2,530 executives. Data is provided for the Chief Executive Officer and the next four executives in order of descending salary. This survey looks at other executives relative to the CEO in terms of salary because it is challenging to match titles and functional responsibilities across all asset sizes.

To help you compare the retention strength and competitiveness of your benefit offerings, we made a few improvements this year:

  • CFO-specific data
  • CEO employment agreement
  • CEO severance pay

All credit unions across the country (federal charters, state charters, and privately insured) received an invitation to participate.

Disclosure Statement

Gallagher Fiduciary Advisors, LLC ("GFA") is an SEC Registered Investment Advisor that provides retirement, investment advisory, discretionary/named and independent fiduciary services. GFA is a limited liability company with Gallagher Benefit Services, Inc. as its single member. GFA may pay referral fees or other remuneration to employees of AJG or its affiliates or to independent contractors; such payments do not change our fee. Neither Arthur J. Gallagher & Co., GFA, their affiliates nor representatives provide accounting, legal or tax advice.

Securities offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Neither Osaic Wealth nor their affiliates provide accounting, legal or tax advice. Review the Osaic Form CRS.

As a Registered Investment Advisor, Gallagher Fiduciary Advisors, LLC is required to file Form ADV Part I and Part 2A with the SEC. Part 2A of Form ADV contains information about our business operations for the use of clients. A copy of the Form ADV Part 2A can be requested by contacting the Gallagher Fiduciary Advisors, LLC Compliance Department.

This non-compensated award is not investment-related or based upon performance or returns experienced by any client or opinions of the advisor's clients or former clients. Third-party rankings and recognitions are no guarantee of future investment success and do not ensure that a client or prospective client will experience a higher level of performance or results. These ratings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client's evaluation.

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For compliance-related questions about our investment advisory services or to request the most current version of this relationship summary, please review our Client Relationship Summary or call (212) 330-1011.