Recently, I and Tansley Stearns, President/CEO at Community Financial Credit Union, sat down with Mike Lawson of CUbroadcast.
It was a great day at the CUES Symposium. And, as luck would have it, it was also a great day to discuss the strategic power of executive compensation planning.
Tansley had been at Canvas Credit Union before her transition to Community Financial, and OM Financial Group helped them find a way to keep the “band” together.
Here’s what we addressed:
- compensation needs to be commensurate with the credit union leadership’s job or it can’t provide member value
- current drivers of executive comp
- 4 foundations of executive compensation (Tansley’s design)
- 2023 data on executive comp
If you have 15 minutes to watch, I highly recommend it!